Facebook parent Meta cuts 11,000 jobs, 13% of workforce
By BARBARA ORTUTAY AP Technology Writer Facebook parent Meta is laying off 11,000 people, about 13% of its workforce, as it contends with faltering…
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Facebook parent company Meta will lay off 11,000 employees
By Catherine Thorbecke, CNN Business Facebook parent company Meta on Wednesday said it is laying off 11,000 employees, marking the most significant…
Continue Reading IMF, Bangladesh reach preliminary deal for $4.5B in loans
DHAKA,Bangladesh (AP) — The International Monetary Fund has reached a preliminary agreement with Bangladesh to provide $4.5 billion to help the…
Continue Reading Why these five states don’t sell lottery tickets
By Nathaniel Meyersohn, CNN Business If residents of Alabama, Utah, Alaska, Hawaii or Nevada wanted a chance to win this week’s record…
Continue Reading China is ‘committed to net zero,’ head of top Asian development bank says at COP27
By Eoin McSweeney and Ella Nilsen, CNN China and the other 104 members of the Asian Infrastructure Investment Bank are “deeply committed”…
Continue Reading Belgian strike over cost of living hits traffic, companies
BRUSSELS (AP) — A nationwide strike over the cost of living increases caused by runaway inflation and the war in Ukraine has snarled traffic…
Continue Reading Germany blocks Chinese-owned firm’s chip factory deal
By GEIR MOULSON Associated Press BERLIN (AP) — The German government has blocked the sale of a chip factory to a Swedish subsidiary of a Chinese…
Continue Reading Nissan’s quarterly profit falls amid computer chip crunch
By YURI KAGEYAMA AP Business Writer TOKYO (AP) — Nissan’s profit declined 68% in the last quarter as a computer chips shortage hindered the…
Continue Reading Inflation strikes disrupt trains, flights in Greece, Belgium
By ELENA BECATOROS Associated Press ATHENS, Greece (AP) — Workers have walked off the job in Greece and Belgium during nationwide strikes against…
Continue Reading Adidas’ breakup with Ye drives lower earnings outlook
By DAVID McHUGH AP Business Writer FRANKFURT, Germany (AP) — Adidas on Wednesday lowered its earnings forecast for the year to account for losses…
Continue Reading Honda’s profit rises on weak yen, strong motorcycle sales
By YURI KAGEYAMA AP Business Writer TOKYO (AP) — Honda’s fiscal second quarter profit rose nearly 14% as a weaker yen boosted its overseas…
Continue Reading Taiwan’s Tsai thanks British minister for support
TAIPEI, Taiwan (AP) — President Tsai Ing-wen has thanked British Trade Minister Greg Hands for London’s support for Taiwan after he became the…
Continue Reading Kenya Airways pilots’ strike set to end after 4 days
By EVELYNE MUSAMBI Associated Press NAIROBI, Kenya (AP) — Pilots working for Kenya’s national airline are set to resume work on Wednesday after a…
Continue Reading Asian stocks follow Wall St down before US inflation update
By JOE McDONALD AP Business Writer BEIJING (AP) — Asian stock markets followed Wall Street lower on Thursday ahead of a U.S. inflation update that…
Continue Reading Elon Musk sells $3.95 billion worth of Tesla stock
By BARBARA ORTUTAY AP Technology Writer Twitter’s new owner and Tesla CEO Elon Musk sold nearly $4 billion worth of Tesla shares, according to…
Continue Reading Chinese maker announces 300 orders for new jetliner
BEIJING (AP) — A state-owned Chinese commercial jet manufacturer says it has secured orders for 300 of its first long-range jetliners from Chinese…
Continue Reading Nintendo counting on forays beyond video games to boost fans
By YURI KAGEYAMA AP Business Writer TOKYO (AP) — Nintendo hopes to leverage a new Super Mario movie, various merchandising and theme parks to draw…
Continue Reading Elon Musk sold nearly $4 billion worth of Tesla stock since Twitter deal closed
By Chris Isidore, CNN Business Elon Musk sold $3.95 billion worth of Tesla stock since completing his purchase of Twitter late last month.…
Continue Reading Stock futures mostly unchanged as election results roll in
CNN By Paul R. La Monica, CNN Business US stocks were mostly unchanged in premarket trading as results from Tuesday’s midterm elections rolled…
Continue Reading Stock futures mostly unchanged as election results roll in
By Paul R. La Monica, CNN Business US stocks were mostly unchanged in premarket trading as results from Tuesday’s midterm elections rolled in.…
Continue Reading Musk seeks to reassure advertisers on Twitter after chaos
By MATT O’BRIEN, MAE ANDERSON and BARBARA ORTUTAY Associated Press Elon Musk sought to reassure big companies that advertise on Twitter on…
Continue Reading One Indian family lost 12 members in the Morbi bridge collapse
By Swati Gupta, Rhea Mogul, Sandi Sidhu and Mohit Lathiya, CNN A marigold garland hangs across a photo frame with the faces of 12 members of the…
Continue Reading Hacker releases Australian health insurer’s customer data
By ROD McGUIRK Associated Press CANBERRA, Australia (AP) — Client data from Medibank, Australia’s largest health insurer, has been released by an…
Continue Reading Mishaps, distrust spur Election Day misinformation
By DAVID KLEPPER Associated Press Voters casting ballots in Tuesday’s pivotal midterms grappled with misleading claims about glitchy election…
Continue Reading Brazil’s da Silva forms mixed economics team for transition
By CARLA BRIDI Associated Press BRASILIA, Brazil (AP) — President-elect Luiz Inácio Lula da Silva’s transition has added a team of economists…
Continue Reading Wall Street Journal: Mark Zuckerberg tells employees layoffs coming Wednesday
By Catherine Thorbecke, CNN Business Meta CEO Mark Zuckerberg told company executives that major layoffs at the tech giant will begin on Wednesday…
Continue Reading US Judge lays out case for blocking publishing giants merger
By MARCY GORDON AP Business Writer WASHINGTON (AP) — A federal judge has laid out a data-laden case for why she blocked Penguin Random House’s…
Continue Reading Disney posts Q4 results below Wall Street estimates
By The Associated Press The Walt Disney Co. has posted lower-than-expected profit and revenue for its fiscal fourth quarter. The company said Tuesday…
Continue Reading Disney+ beats subscriber expectations but that growth came at a cost
By Frank Pallotta, CNN Business Disney’s fourth quarter earnings were a mix of good and bad news for the company. The good: the company added…
Continue Reading How major US stock indexes fared Tuesday 11/8/2022
The Associated Press Election Day brought another tick higher for stocks, as Wall Street braces for the results from the day’s midterm elections…
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