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MGM 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 68,000 employees across the U.S. The announcement follows months of declining revenues…
By Colby McCoyLatest news
Builders 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 SummersFormer Speaker of the House Paul Ryan to chair blank check company
Former Speaker of the House Paul Ryan is joining Executive Network Partnering Corp (ENPC), as chairman. ENPC is…
By Jackie AllenJohnson & Johnson to acquire Momenta Pharmaceuticals for 6.5B
Johnson & Johnson (NYSE: JNJ) announced its decision to acquire Momenta Pharmaceuticals (NASDA: MNTA) for $6.5 billion in…
By Marivic Cabural SummersAnalysis: Is a Coinbase IPO in the works?
In recent years, cryptocurrencies have made waves, drawing interest from some of the biggest players on Wall Street.…
By Colby McCoyFunko shareholder lawsuit dismissed, disappointing Q2 results released
Funko, Inc., the Everett, Washington, based maker of pop culture figurines won dismissal of a shareholders lawsuit. Reuters…
By Jackie AllenTakeda loses battle to stop Mylan from selling generic gout drug
Takeda Pharmaceuticals (NYSE: TAK) failed to stop Mylan (NASDAQ: MYL) from selling a generic version of its Colcrys,…
By Marivic Cabural SummersPopular News
When AI Becomes the Hacker: The Hugging Face and Meta Incidents May Force a Reckoning for Cyber Insurers
Big Brother In The Bay: San Jose’s 500 License Plate Cameras Face Their First Real Legal Reckoning
Mystery Surrounds Death of Digital Archivist Joe Felz Days Before Massive Archive Release
From Prom Night to the Audition Room: Why Ariana Grande’s “Petal” Feels Like Carrie’s Revenge, 50 Years Later
