News
Rite Aid files for Chapter 11 bankruptcy
On Sunday, U.S. pharmacy chain Rite Aid officially filed for Chapter 11 bankruptcy. Just last Thursday, the company filed with...
LinkedIn to slash 650 jobs
Networking social media site LinkedIn is cutting 668 jobs from its roster, the company announced Monday. The Microsoft-owned company said...
Citigroup beats Q3 revenue estimates
Financial services firm Citigroup released its third financial quarter report on Friday, revealing it beat Wall Street’s revenue expectations during...
Ford issues recall for 230,000 Explorers
U.S. automaking giant has issued a recall for 238,364 of its popular Explorer models, the company announced Friday. According to...
Novo Nordisk raises full-year outlook
On Friday, drug manufacturer Novo Nordisk announced it has raised its outlook for full-year operating profit and sales. The move...
Health care union reaches tentative deal with Kaiser Permanente
On Friday, health care operator Kaiser Permanente reached a tentative deal with the coalition of unions representing approximately 75,000 of...
Dollar General brings back former CEO Todd Vasos
Variety discount chain Dollar General is bringing back its former CEO Todd Vasos, the company announced Thursday. Vassos previously served...
SAG-AFTRA and Hollywood studio negotiations reach standstill
Late Wednesday evening, the Alliance of Motion Picture and Television Producers announced that its negotiations with Screen Actors Guild-American Federation...
US mortgage rate hits 7.57%
The U.S. mortgage rate rose to a new record this week, with the 30-year fixed-rate mortgage reaching an average of...
Flexport to layoff 20% of workforce
In a company wide memo, supply chain logistics company Flexport announced its plans to lay off 20% of its staff...
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