Shares of Nike Inc. tumbled after hours Thursday after the athletic-gear giant warned of a “softer second-half revenue outlook” on its quarterly earnings call, and said it is…
Read more Nike shares dive, company eyes $2 billion in cost cuts amid 'softer' outlookVideogame maker Activision Blizzard has agreed to pay nearly $55 million to settle a California civil-rights lawsuit brought over complaints of sexual harassment, discrimination and pay disparities by…
Read more Activision Blizzard to pay $55 million to settle California civil-rights lawsuitUpdated Dec. 12, 2023 2:54 am ET Nokia cut its operating margin guidance, with market conditions in its mobile networks business remaining challenging due to falling operator spending…
Read more Nokia Cuts Operating Margin Guidance Amid Challenging MarketNovember’s sharp pullback in 30-year fixed mortgage rates may not last if the labor market remains strong, said Mark Palim, deputy chief economist at Fannie Mae. Palim was…
Read more Mortgage rates' dip to 7% could be brief if jobs market stays strong, Fannie Mae economist saysSpotify Technology SA on Monday said it plans to reduce head count by 17%, which would mark the third time the audio streaming group has announced layoffs cuts…
Read more Spotify announces third and largest round of layoffsJOHANNESBURG (AP) — An elevator suddenly dropped around 200 meters (656 feet) while carrying workers to the surface in a platinum mine in South Africa, killing 11 and…
Read more Elevator drops 650 feet at a platinum mine in South Africa, killing 11 workers and injuring 75The numbers: The U.S. economy expanded but at a relatively subdued pace in early November, latest data from S&P Global show. The S&P Global “flash” U.S. services index rose…
Read more U.S. economy growing only at a subdued rate in early November, S&P Global saysWith yet another blowout earnings report, Nvidia Corp. has ended an earnings recession in the U.S. and helped to solidify the continuation of a drastic change to corporate…
Read more Nvidia ends an earnings recession and is helping to reshape corporate profitsBy Adria Calatayud Alstom plans to cut around 1,500 full-time equivalent positions and scrap its dividend as part of a cost-savings plan to reduce debt and boost profitability.…
Read more Alstom to Cut Jobs, Scrap Dividend to Accelerate Debt Reduction — UpdateHonda Motor Co.’s U.S. unit joined other foreign carmakers in raising their automobile workers’ wages in the wake of historic wins for the United Auto Workers and as…
Read more Honda joins Toyota in raising U.S. wages for its auto workers as unionization push loomsVirgin Galactic said it would cut jobs and expenses to focus on producing its lower-cost Delta spaceships. Source link
Read more Virgin Galactic to Cut Jobs as Interest Rates BiteShares of Sleep Number Corp. tanked 30% in the after-hours session Tuesday after the mattress maker and retailer swung to a surprise quarterly loss, predicted a loss for…
Read more Sleep Number’s stock falls 30% as company saw demand change ‘abruptly’Updated Oct. 30, 2023 12:50 pm ET The United Auto Workers campaign against Detroit’s three automakers can be described as one thing for the union: a win. The…
Read more Detroit Is Paying Up to End the UAW Strike. Now Carmakers Will Live With the Costs.Updated Oct. 28, 2023 10:03 pm ET The United Auto Workers called a fresh strike at a General Motors factory in Tennessee, a surprise walkout after negotiators had…
Read more WSJ News Exclusive | UAW Expands Strike With GM After Reaching Tentative Agreement With StellantisFord Motor Co.’s stock dropped 4% after hours Thursday after the carmaker reported lower-than-expected quarterly earnings and withdrew its guidance for the year, citing the pending agreement with…
Read more Ford’s stock drops 4% after carmaker pulls guidance, EV unit loses $1.3 billionThe United Auto Workers said Friday it has made progress in the negotiations with the Big Three carmakers, and didn’t announce any new plants that would expand its…
Read more UAW won’t expand auto workers strike“ ‘You have to get yourself to believe that it’s not that hard, because it’s way harder than you think. If I go taking all of my knowledge…
Read more ‘Nobody in their right mind would do it.’ Nvidia CEO Jensen Huang says he wouldn’t start a company if he had a do-over.Nokia on Thursday set out plans to cut its workforce by up to 14,000 as it reported a steep drop in third-quarter profit. The telecom equipment maker said…
Read more Nokia to cut as many as 14,000 jobs as profit drops by 69%By Ian Walker and Joe Hoppe Rolls-Royce Holdings is set to cut 2,000-2,500 jobs worldwide as part of a transformation program and strategy review. The U.K.-based aircraft engine…
Read more Rolls-Royce to Cut 2,000-2,500 Jobs Globally in Strategic OverhaulUpdated Oct. 16, 2023 2:28 pm ET Ford Motor Executive Chair Bill Ford called for a resolution to an “acrimonious” round of talks with the United Auto Workers…
Read more Ford Executive Chairman Calls for End to UAW Strike
