Disney to lay off 32,000 workers, mostly from theme parks

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So much for being the happiest place on earth. The Walt Disney Company will be laying off about 32,000 workers, mostly from its theme parks,...

NHTSA probing Tesla over suspension safety problems in 115,000 vehicles

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More than 100,000 Tesla vehicles are being investigated for potential safety problems by the US National Highway Traffic Safety Administration. At issue is the front...

Ann Taylor, LOFT and Lane Bryant sold to buyout firm for $540M

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Iconic women’s clothing brands Ann Taylor, LOFT and Lane Bryant will be bought out of bankruptcy by private equity firm Sycamore Partners, the companies...

Dow slides 200 points after cracking 30,000 milestone

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US stocks slid Wednesday as Wall Street took a breather following a historic rally that drove the Dow Jones industrial average past the 30,000...

Delta pilots vote for pay cuts in deal to avoid furloughs through 2022

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Delta Air Lines pilots voted in favor of a deal that avoids furloughs through Jan. 1, 2022 in exchange for pay cuts, a union...

UPS and FedEx reportedly facing shortage of delivery vans

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Shipping giants UPS and FedEx are struggling to round up the vans they need to deliver packages amid a coronavirus-fueled surge in demand for...

Nikola stock plummets after CEO dodges questions on $2B GM deal

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Nikola’s stock price plunged Wednesday after CEO Mark Russell refused to offer assurances that the electric truck maker’s partnership with General Motors had not...

US workers file 778,000 jobless claims as COVID-19 crisis total nears 69 million

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Some 778,000 American workers applied for unemployment benefits last week as a surge in coronavirus infections kept the labor market’s recovery under pressure, the...

Twitter will reopen applications for blue checkmark verifications next year

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Twitter said it will reopen applications for its famous blue checkmark verification process early next year after a more than three-year hiatus. The bright blue...

Sony promises more PS5 consoles ‘before the end of the year’

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Sony promised frustrated gamers on Wednesday that more units of its impossible-to-find PlayStation5 console will arrive at stores by year’s end. “We want to thank...

CEO of Midwest health system leaves after refusing to wear mask

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The chief executive of one of the nation’s largest regional health systems is leaving his job after refusing to wear a mask in the...

Penguin Random House, Simon & Schuster propose $2.2B mega-merger

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Penguin Random House has reached a $2.2 billion deal to acquire Simon & Schuster from ViacomCBS — a tie-up that would create a colossus...

Neiman Marcus now offering no-interest payments on its pricey fashions

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You’ve mortgaged the house and taken out a loan on the Toyota. Now, it’s time to finance that new Gucci bag. Neiman Marcus plans to...

Salesforce reportedly in talks to buy Slack — despite CEO denial

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Cloud-based software giant Salesforce reportedly is in advance talks to buy messaging app Slack — just months after Salesforce’s billionaire boss, Marc Benioff, denied...

Expensify CEO David Barrett has no regrets about Joe Biden email

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Expensify CEO David Barrett stood by his decision to urge his clients to vote for Joe Biden, saying the benefits of the controversial call...

Amazon’s cloud service experiencing widespread outage

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Amazon’s widely used cloud service, Amazon Web Services, is experiencing a large-scale outage, the company said Wednesday, affecting users ranging from websites to software...

Johnson & Johnson’s damages award cut to $120 million in baby powder case

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Johnson & Johnson has been ordered by a New York state judge to pay $120 million in damages to a Brooklyn woman and her...

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