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…
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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…
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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,…
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Fintech company Chime files for Nasdaq IPO
Financial technology company Chime on Tuesday filed paperwork to go public on the Nasdaq. The…
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Microsoft to cut 3% of its workforce
Microsoft on Tuesday said that it’s laying off 3% of employees across all levels, teams and…
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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…
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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…
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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…
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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…
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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…