News
Home prices begin to cool after nine-month streak
Growth in home prices dropped by 0.2% in November after enjoying a nine-month streak. Twelve of 20 major metro markets...
UPS to lay off 12,000 amid flat demand
UPS plans to cut 12,000 jobs, or around 2.4% of its workforce, amid flat demand. Three-fourths of the cuts will...
IMF expects 3.1% global growth this year
The International Monetary Fund predicts 3.1% global growth in 2024, matching the growth seen last year but falling short of...
GM reshapes product strategy with plug-in hybrid EVs
General Motors is reshaping its strategy to include plug-in hybrid versions of certain models in North America in response to...
Walmart offers stock, higher salaries to retain managers
Walmart is increasing salaries and benefits, including offering company stock, as it aims to boost retention of store managers. Managers...
iRobot to cut 31% of staff after deal with Amazon falls through
iRobot, which makes the Roomba, plans to lay off around 350 employees, or 31% of its staff, after mutually agreeing...
Court orders Bayer to pay $2.25B in damages, shares drop
A court has ordered Bayer to pay $2.25 billion in damages related to its weedkiller Roundup, with the payment to...
Energy Secretary calls electric vehicles ‘huge win’ for jobs
Energy Secretary Jennifer Granholm recently praised electric vehicles as not only better for the environment but a driver of U.S....
Investors: Microsoft stock market value to surpass Apple
Over the next five years, Microsoft's stock market value is set to definitively surpass Apple's, 13 institutional investors predict. The...
Big pharma firms expected to take hits from patent expiries
The top 20 biopharma companies, including Bristol Myers Squibb, Johnson & Johnson and Merck, have about $180 billion in sales at risk...
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