Browsing: Business
Microsoft CEO Satya Nadella was awarded a $30 million pay raise — 63% more than what he earned last year — even as the Windows maker slashed its workforce by…
Mercedes-Benz on Friday said it plans to ramp up cost-cutting efforts after its net profit halved in the third quarter amid weak demand in China. The German automaker cut its…
The maker of trendy footwear brands Hoka and UGG saw its shares soar more than 10% Friday after the shoemaker raised its annual forecast — betting on strong demand for…
Costco is recalling salmon after the supplier warned it could be contaminated with listeria — just days after the wholesale retailer pulled meat and poultry items from its shelves over…
Capri, the parent company of fashion brands Michael Kors and Jimmy Choo, saw its stock tank by more than 50% in pre-market trading on Friday after a federal judge blocked…
Sam’s Club entered the Thanksgiving meal deal wars — offering inflation-weary customers a feast that includes turkey and all the trimmings for less than $100. The Walmart-owned warehouse company on…
Hedge fund honcho Marc Lasry was accused of sexual harassment in a lawsuit by a former executive at his firm – less than a week after the billionaire lodged his…
Washington Post staffers are growing restless over the left-leaning paper’s silence on endorsing Vice President Kamala Harris for president — with many suspecting that owner Jeff Bezos is behind the…
Morgan Stanley said Thursday CEO Ted Pick would be its next chair succeeding James Gorman, who has been tapped to head the board at Walt Disney after he steps down as executive chair of the…
Neiman Marcus has quietly removed the word “Christmas” from its iconic, 98-year-old annual gift catalog – and some company insiders gripe that the stealthy switch smacks of woke politics, The…