Posted inBusiness
American Eagle shares plunge 17% after it withdraws guidance, writes off $75 million in inventory
American Eagle on Tuesday said it is writing off $75 million in spring and summer merchandise…
Posted inBusiness
Fintech company Chime files for Nasdaq IPO
Financial technology company Chime on Tuesday filed paperwork to go public on the Nasdaq. The…
Posted inBusiness
Microsoft to cut 3% of its workforce
Microsoft on Tuesday said that it’s laying off 3% of employees across all levels, teams and…
Posted inBusiness
UnitedHealth CEO suddenly steps down for ‘personal reasons’
UnitedHealth Group announced a new chief executive Tuesday, a sudden and surprising change following the fatal shooting in…
Posted inBusiness
Father and son fraudsters sentenced in case of $100 million New Jersey deli
CAMDEN, N.J. — The father and son duo behind a stock fraud scheme involving the…
Posted inBusiness
McDonald’s announces plan to hire 375,000 employees this summer
McDonald’s announced a plan to hire 375,000 employees across the U.S. this summer. The plan,…
Posted inBusiness
Fox streaming service to be called Fox One, launch before NFL season
Fox Corp. will launch its direct-to-consumer streaming service, to be called Fox One, ahead of the…
Posted inBusiness
Walgreens doubles down on prescription-filling robots to cut costs, free up pharmacists amid turnaround
As struggling drugstore chains work to regain their footing, Walgreens is doubling down on automation. The company is expanding the…
Posted inBusiness
Fortnite applies to launch on Apple’s App Store after Epic Games court win
Epic Games said on Friday that it submitted Fortnite to Apple’s App Store, the month after a…
Posted inBusiness
Cargo thieves are attacking the U.S. supply chain at alarming rates
America’s supply chain is under attack. From coast to coast, organized criminal groups are hitting…