Browsing: Business
Volkswagen plans to slash up to 100,000 jobs and halt production at four German plants in a sweeping cost-cutting drive that could rank among the largest corporate layoffs in history.…
US crude oil dipped below $70 a barrel Friday as traders remained optimistic about tanker traffic flow through the Strait of Hormuz – even after an Iranian attack on a…
New Jersey’s flagship public university is bleeding red ink because of the insane money grab that has engulfed the business of college sports – yet the state’s senior senator in…
Frank Bisignano wants to run the Internal Revenue Service like an efficient private company – and this week he hired Jamie Dimon’s private banker to help him do just that,…
The $20 “Endless Shrimp” deal that ultimately sent Red Lobster into bankruptcy wasn’t just a failed experiment – but a scheme by its owners to squeeze the company, according to…
Microsoft’s Xbox is raising prices of its gaming consoles by up to $150 worldwide, citing a deepening global components crisis that has sent storage and memory costs soaring across the consumer…
A former Facebook policy executive is suing Meta over an arbitration order that has barred her for more than a year from speaking about her explosive memoir detailing her six-year…
Furious Californians have slammed PG&E after a watchdog warned utility charges from the company could soon increase by hundreds of dollars per person per year. The energy giant’s 16 million…
Anthropic CEO Dario Amodei has been replaced by his co-founder Tom Brown at high-stakes White House meetings – where the artificial-intelligence giant’s outspoken boss was reportedly “being a weirdo,” according…
Anthropic accused the Chinese tech giant Alibaba of “brazenly” and “illicitly” trying to extract its artificial intelligence capabilities – carrying out “the largest known distillation attack on Anthropic to date.”…