Warner Music Increases Layoff Plans
The entertainment conglomerate now expects to cut its workforce by 13%, or about 750 employees—up from a 10% reduction. Source...
BUSINESS News
Breaking Business News/Latest Business Updates/World Business News Update
Nike CEO John Donahoe Stepping Down After Rocky Tenure
Nike said John Donahoe will retire as chief executive and from the board, and named his successor, Elliott Hill, who...
FedEx Cuts Full-Year Outlook After Posting Lower Profit, Revenue
FedEx’s results were dragged down by weaker-than-expected demand, particularly in the U.S. domestic package market. Source link
Olive Garden Breadsticks Hitch a Ride With Uber in Delivery Deal
A multiyear deal with Uber Technologies is set to begin with a pilot at select Olive Garden locations this year....
Mercedes-Benz Cuts Full-Year Outlook
The German luxury carmaker said the move was triggered by the further deterioration of the macroeconomic environment, specifically in China....
EU to Offer Apple Guidance on Digital Rules Compliance
The European Union’s executive arm has started a process to provide Apple with guidance on complying with rules to ensure...
Disney to Stop Using Slack Following Hack That Exposed Company Data
The company said in a memo that most of its businesses would stop using the tool by the end of...
Social-Media Firms Lack Adequate Privacy Controls, FTC Report Says
The agency said the companies engaged in vast consumer surveillance while failing to provide adequate privacy controls or safeguards for...
Tucker Carlson, Taking Aim at Zyn, Plans New Nicotine-Pouch Brand
The conservative media star said he decided to launch Alp nicotine pouches because Zyn maker Philip Morris couldn’t take a...
TD Bank Taps Veteran to Succeed Bharat Masrani as CEO
Masrani plans to retire in 2025 after 38 years with the Canadian lender and more than a decade as CEO....
Politico Owner Axel SpringerStrikes Breakup Deal WithKKR
The German media company agreed with its largest shareholder to split its classifieds business from its media operations. Source link
Sean 'Diddy' Combs Charged With Multiple Counts of Sex Trafficking, Racketeering
Prosecutors allege Combs repeatedly abused and assaulted women, according to an indictment. Source link
Salesforce Taps Nvidia to Develop AI-Powered Avatars
The San Francisco companies said the collaboration will develop autonomous-agent and interactive-avatar experiences. Source link
BlackRock, Global Infrastructure Partners, Microsoft, MGX Launch AI Partnership
The partnership, called the Global AI Infrastructure Investment Partnership, will additionally build out energy infrastructure to create power sources for...
Musk Vows Legal Action After FAA Urges Fines Against SpaceX
The rocket company’s CEO accuses the Federal Aviation Administration of “regulatory overreach” after the agency alleges the company violated launch...
Transportation Department Blesses Alaska Air-Hawaiian Merger, With Strings
The carriers secured clearance from the Transportation Department to proceed with their merger, conditioned on the airlines maintaining service on...
U.S. Steelmakers Warn of Lower Profits as Manufacturers Slow Factories
Nucor and Steel Dynamics forecast a drop in third-quarter earnings, citing weaker demand and shaky prices. Source link
Universal Music Looks to Subscriptions, Superfans for Fresh Growth
The world’s largest music company laid out a vision to drive revenue growth through 2028. Source link
Can AI Companions Help Cure the Loneliness Epidemic?
Companion apps promise to make you less lonely. We decided to put them to the test. Source link
Philip Morris to Take $220 Million Loss on Sale of Inhaled-Medicine Unit
Philip Morris said it expects to record a loss on the sale of its inhaled-therapeutics unit to Molex Asia Holdings...
