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…
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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…
Continue Reading Lyft, TripAdvisor fall; Five9, Hims & Hers rise
NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Tuesday: Lyft Inc., down $3.24 to $10.90. The ride-hailing app reported…
Continue Reading Closing prices for crude oil, gold and other commodities
The Associated Press Benchmark U.S. crude oil for December delivery fell $2.88 to $88.91 a barrel Tuesday. Brent crude for January delivery fell…
Continue Reading Wall Street is bracing for a potential game changer, but it’s not the election
By Matt Egan, CNN Business Wall Street is waiting for the results of Tuesday’s midterm election like the rest of the world, but traders say…
Continue Reading EU opens deeper probe of Microsoft’s Activision deal
By Brian Fung, CNN Business The European Union is taking a closer look at Microsoft’s proposed $68.7 billion purchase of video game giant…
Continue Reading Mistrial declared in trial of 2 former nonprofit officials
PHILADELPHIA (AP) — A federal judge has declared a mistrial in an embezzlement and bribery case against two men acquitted along with a Philadelphia…
Continue Reading Stocks rise as Americans head to the polls
By Paul R. La Monica, CNN Business #RedWave? #VoteBlue? Wall Street saw green on this midterm Election Day. Stocks ended Tuesday with solid gains,…
Continue Reading Spanish minister under growing pressure over border deaths
By RENATA BRITO Associated Press BARCELONA, Spain (AP) — Spain’s interior minister is coming under increased pressure to be more transparent…
Continue Reading Stocks rise as Americans head to the polls
CNN By Paul R. La Monica, CNN Business #RedWave? #VoteBlue? Wall Street saw green on this midterm Election Day. Stocks ended Tuesday with solid…
Continue Reading A plan to tax the rich to fund electric defeated by California voters
By Peter Valdes-Dapena, CNN Business California has long been a leader among states, and even countries, in promoting a shift to electric cars,…
Continue Reading Crypto exchange Binance to buy rival FTX in apparent bailout
By KEN SWEET AP Business Writer NEW YORK (AP) — The cryptocurrency exchange Binance said it plans to buy its rival FTX Trading, in the latest…
Continue Reading EU’s Call of Duty: Probe Microsoft-Activision Blizzard deal
By MATT O’BRIEN and RAF CASERT Associated Press BRUSSELS (AP) — The European Union has launched an investigation into Microsoft’s planned…
Continue Reading Trump-linked SPAC stock goes bonkers ahead of midterms
By Paul R. La Monica, CNN Business Many political experts are predicting big Republican wins in the midterm elections that could give the GOP control…
Continue Reading Proposed tie-up sends shockwaves through crypto markets
By Allison Morrow, CNN Business In an unexpected twist, the cryptocurrency exchange Binance said it is buying its smaller rival FTX after the firm…
Continue Reading 18-carat pink diamond reaps $28.8 million at Geneva auction
GENEVA (AP) — A pear-shaped 18-carat pink diamond billed as a rarity sold at a Geneva auction for 28.4 million Swiss francs ($28.8 million),…
Continue Reading Adidas scoops up CEO who turned around rival Puma
By Hanna Ziady, CNN Business Adidas has appointed the head of Puma to succeed outgoing CEO Kasper Rorsted, betting on his ability to replicate its…
Continue Reading Getting laid off? Know your rights
By Jeanne Sahadi, CNN Business The abrupt and unceremonious way that thousands of Twitter employees got laid off last week was a spectacle. But it…
Continue Reading Elizabeth Holmes’ request for a new trial is denied
By Rachel Metz and Catherine Thorbecke, CNN A federal judge has denied Elizabeth Holmes’ request for a new trial, according to court filings on…
Continue Reading Kohl’s CEO steps down to take president role at Levi Strauss
By ANNE D’INNOCENZIO AP Retail Writer NEW YORK (AP) — Michelle Gass, CEO of department store chain Kohl’s, is stepping down from her role…
Continue Reading US presses, but Russia reluctant on Ukraine grain deal
By SAM MEDNICK Associated press KYIV, Ukraine (AP) — The U.S. ambassador to the United Nations has told Ukrainian farmers that extending a wartime…
Continue Reading Doughnuts, pizza and cheap rides: Election Day deals are here
By Danielle Wiener-Bronner, CNN Business It’s Election Day in America, and some companies are offering deals and freebies to mark the occasion,…
Continue Reading Election Day deals: Donuts, pizza and cheap rides
CNN By Danielle Wiener-Bronner, CNN Business It’s Election Day in America, and some companies are offering deals and freebies to mark the…
Continue Reading Adidas appoints boss of rival Puma as CEO after Ye fallout
BERLIN (AP) — Adidas has appointed Puma CEO Bjørn Gulden as its new chief executive. He will take over in January as the German sportswear brand…
Continue Reading Advertisers crack jokes about the end times and turnip lattes as inflation bites
By Julia Horowitz, CNN Business A woman maneuvers her car onto a street called “Wits’ End.” The sky is an ominous red, and strange…
Continue Reading UN experts urge stringent rules to stop net zero greenwash
By KELVIN CHAN AP Business Writer SHARM EL-SHEIKH, Egypt (AP) — Companies pledging to get their emissions down to net zero better make sure…
Continue Reading EU court sides with Fiat Chrysler in tax advantage case
LUXEMBOURG (AP) — The European Union’s top court has overturned a decision requiring automaker Fiat Chrysler to pay up to 30 million euros in…
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