Browsing: Business
The Japanese company that owns tire maker Dunlop shuttered a century-old New York factory — and fired 1,500 workers — as it moved manufacturing overseas. Sumitomo Corp, the Tokyo-based conglomerate…
Former billionaire investor Sung Kook “Bill” Hwang was sentenced to 18 years in prison on Wednesday over the collapse of Archegos Capital Management, which cost Wall Street banks more than $10…
Some McDonald’s locations in the US are not serving espresso drinks because the machines have been disabled over safety concerns, CNN reported on Wednesday. The manufacturer, Melitta, told its customers…
Former cryptocurrency executive Gary Wang, who wrote the computer code that helped FTX founder Sam Bankman-Fried steal about $8 billion from customers of the now-bankrupt exchange, was spared prison time by a…
Target on Wednesday reported earnings and revenue far below expectations, and cut its full-year forecast as inflation-battered customers fled to rivals like Walmart for low-priced essentials — sending shares plummeting…
CBS’ refusal to release the transcript of its full “60 Minutes” interview with Vice President Kamala Harris could factor into a government review of Paramount Global’s proposed merger with Skydance,…
The Department of Government Efficiency (DOGE) that President-elect Trump has tasked Elon Musk and Vivek Ramaswamy with leading is reportedly considering developing a mobile app to make it easier for…
Comcast is moving forward with plans to spin off its NBCUniversal cable television networks including MSNBC and CNBC, sources say, shedding a once core part of the business that has been…
Boeing will lay off more than 200 workers based in South Carolina as part of a massive cost-cutting drive that will slash 17,000 employees — or 10% of its workforce.…
Shari Redstone paid off a nearly $200 million debt held by her family business that controls Paramount – and she did it with cash mostly fronted by tech tycoon Larry…