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Macy’s reports $431 million loss, an improvement from last quarter
Macy’s has posted a $431 million loss for the second quarter, an improvement from the $3.58 billion net loss reported in the first quarter of 2020. The storied retailer achieved…
By Colby McCoyLatest news
Aveva buys OSIsoft for $5 billion Softbank cashes out
UK based software company Aveva, majority-owned by French automation specialist Schneider Electric, struck a merger deal to acquire…
By Jackie AllenDecrease in fuel demand signals economic recovery difficulties
Fuel demand has decreased following a recent surge in fuel consumption throughout the summer, pointing to potential economic…
By Colby McCoyNexstar launches News Nation Sept 1, pledges unbiased journalism
At 7 p.m., Sept. 1, on Tuesday the launch of News Nation is a prime-time newscast that pledges to…
By Jackie AllenApple settles class-action lawsuit regarding Powerbeats 2 earbuds
Anyone who bought a pair of wireless Powerbeats 2 earbuds before Aug. 7, may receive a part of…
By Jackie AllenMGM Resorts announces sweeping layoffs of 18,000 furloughed workers
MGM Resorts has announced intentions to lay off 18,000 furloughed workers, about one-third of MGM’s pre-pandemic workforce of…
By Colby McCoyBuilders FirstSource merger all-stock deal creates mega-giant
The all-stock merger of Dallas-based Builders FirstSource and BMC Stock Holdings (BMC) of Raliegh, North Carolina, has created a…
By Jackie AllenBed, Bath and Beyond, Cisco Systems and more plan layoffs
The moratorium on layoffs for companies that accepted federal funding or Payroll Protection Program (PPP) loans is expiring. And…
By Jackie AllenGM battles unions over recent hiring of salaried employees
General Motors (GM) has clashed with the United Auto Workers union in a dispute over the company’s hiring…
By Colby McCoyAmerican Airlines planning to cut 19,000 jobs by Oct. 1
American Airlines has announced plans to cut 19,000 workers by Oct. 1 to cope with falling demand as…
By Colby McCoyTeva charged with conspiracy to fix prices, rig bids for generic drugs
Teva Pharmaceuticals USA has been charged with conspiracy to fix prices, rig bids, and allocate customers for generic…
By Marivic Cabural SummersPopular News
From the Front Lines to the Big Screen: Sean Penn Sets His Sights on a Controversial Capitol Riot Drama
Unlock the Unexplained: Hearst Networks Launches MysteryX Exclusively on Prime Video
The End of an Era: Seth Rogen and James Franco’s Professional Split
