Companies

Crisis-hit VW Eyeing Plant Closures, Deep Pay Cuts: Report

2024-10-28

Volkswagen is considering closing several plants in Germany and slashing salaries by 10 percent as the ailing auto giant pursues a drastic cost-cutting plan, a media report said Monday.Workers' repres

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Philips Lowers Sales Outlook On Drop In China Orders

2024-10-28

Dutch medical device maker Philips lowered Monday its full year sales target, blaming drop in demand from Chinese hospitals as it released third quarter results.Markets reacted negatively to the annou

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Boeing Seeks Over $15 Billion In New Fundraising Plan: Report

2024-10-28

Boeing is reportedly set to launch a plan, which will help the company raise more than $15 billion to compensate for its losses from the strike, according to a source familiar with the matter.Boeing h

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Lyft Agrees To Pay $2.1 Million To Settle Allegations It Duped Drivers By Exaggerating Earnings

2024-10-27

Online ride-hailing company Lyft has agreed to pay $2.1 million to settle allegations it used false advertising to deal with a shortage of drivers when the COVID-19 pandemic began to ease.The Federal

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Goldfish Crackers Undergoes Radical Name Change In Marketing Ploy

2024-10-24

Goldfish are out and trendy Chilean Sea Bass are in.The popular salty and crunchy snack is undergoing a temporary name change in an attempt to appeal to Millennial and Gen-Z adults."We know the love f

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Barclays Profits Rise On UK, Investment Banking Gains

2024-10-24

British bank Barclays on Thursday said its net profit jumped almost a quarter in the third quarter, helped by improved performance at its core UK and investment divisions alongside cost-cutting.Profit

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Apple CEO Visits China For Second Time This Year As Sales Slump

2024-10-22

Apple CEO Tim Cook was in China for the second time this year, he said on social media Tuesday, as the US technology giant seeks to shore up slumping sales in a crucial overseas market.The iPhone make

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Disney To Name Bob Iger's Replacement In Early 2026

2024-10-21

The Walt Disney Co. plans to name a successor to CEO Bob Eiger early next year, the entertainment giant's newly named chairman said Monday.In a prepared statement, Disney said its board of directors h

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TikTok Owner Fires Intern For Sabotaging AI Research, Downplays Damage

2024-10-21

The Chinese company that owns TikTok confirmed that it fired an intern who sabotaged an artificial intelligence project but downplayed the cost and extent of the damage.In a statement posted Saturday

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Chick-fil-A Launching 'Kid-Friendly' Entertainment App

2024-10-21

Popular fast food chain Chick-fil-A is branching out into entertainment.The company is about to launch an app aimed at families of young, impressionable children.The free Chick-fil-A Play, app will be

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Amnesty Says Migrant Workers Exploited At Carrefour Saudi Stores

2024-10-21

Rights group Amnesty International published Monday a report that accused the Saudi Arabian franchise of French supermarket giant Carrefour of exploiting migrant workers.Carrefour told AFP that an int

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US Regulator Probes Tesla's Self-driving Mode After Crashes

2024-10-21

The US auto safety regulator said Friday that it has opened an investigation into Tesla's Full Self-Driving (FSD) software after receiving four reports of crashes, one of which involved a pedestrian b

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