Business Highlights: McDonald’s ex-CEO, Musk tweet review – mySA

WASHINGTON (AP) — The Securities and Exchange Commission is charging McDonald’s former CEO Stephen Easterbrook with making false and misleading statements to investors about the circumstances leading to his firing in November 2019. Easterbrook was ousted for engaging in an inappropriate personal relationship with a McDonald’s employee in violation of company policy. That’s according to … Read more

San Antonio to vote on $2.25M local business relief plan – mySA

Local businesses that have been impaired by ongoing construction projects around San Antonio could soon see some monetary relief if approved by the city. District 1 Councilman Mario Bravo tweeted last Friday, January 6 that $2.25 million is “now on the agenda” for local businesses that have seen a decline or have had to close … Read more

Rackspace founder Richard Yoo: Company ‘on trajectory of death’ – San Antonio Express-News

Richard Yoo, who founded and helped build the website hosting company that became San Antonio’s premier technology firm, believes he’s watching its collapse. The reputation of the company now known as Rackspace Technology, he said, “is eroding rapidly” after years of shifting business plans, executive shuffles, financial losses, staff cuts and, finally, the Dec. 2 … Read more

Rackspace ‘on trajectory of death,’ founder Richard Yoo says – San Antonio Express-News

Richard Yoo, who founded and helped build the website hosting company that became San Antonio’s premier technology firm, believes he’s watching its collapse. The reputation of the company now known as Rackspace Technology, he said, “is eroding rapidly” after years of shifting business plans, executive shuffles, financial losses, staff cuts and, finally, the Dec. 2 ransomware … Read more

City looks to offer thousands in grants to businesses mired in construction zones – San Antonio Report

A new grant program designed to provide economic relief for storefront businesses affected by ongoing road construction will go before City Council next week.  City officials will propose allocating $2.25 million in federal funds from the American Rescue Plan Act (ARPA) to give qualifying business owners up to $35,000 to offset losses they suffered due … Read more