The Walt Disney company logo is displayed on the floor of the New York Stock Exchange during morning trading on Dec. 1, 2023. Michael M. Santiago | Getty Images Aaron LaBerge, the chief technology officer for Disney Entertainment and ESPN, is leaving the company, according to an internal memo. LaBerge […]
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Amazon ends drone program in California, plans to start deliveries in Arizona later this year
An Amazon delivery drone is on display at Amazon’s BOS27 Robotics Innovation Hub in Westborough, Massachusetts, on Nov. 10, 2022. Joseph Prezioso | AFP | Getty Images Amazon is shuttering its drone delivery operations in Lockeford, California, one of the earliest U.S. test sites for the decade-long project. The program, […]
What investors should know about the UAW’s organizing drive of VW
Volkswagens are seen in the employee parking lot at the Volkswagen automobile assembly plant on March 20, 2024 in Chattanooga, Tennessee. Elijah Nouvelage | Getty Images DETROIT – The United Auto Workers notched a big win this weekend. Volkswagen workers in Chattanooga, Tennessee, overwhelmingly voted in favor of joining the […]
Delta Air Lines gives staff another 5% raise, hikes starting wages to $19 an hour
Delta Air Lines jets are seen on a taxiway at Hartsfield-Jackson Atlanta International Airport in Atlanta on Dec. 22, 2021. Elijah Nouvelage | Reuters Delta Air Lines said it is raising staff pay by another 5% this year as the country’s most profitable airline prepares for the busy summer travel […]
Trump trial: Ex-National Enquirer publisher David Pecker is first prosecution witness to testify
Republican presidential candidate and former U.S. President Donald Trump looks on as his criminal trial over charges that he falsified business records to conceal money paid to silence porn star Stormy Daniels in 2016 continues, at Manhattan state court in New York City on April 22, 2024. Brendan Mcdermid | […]
Tesla slides 4%, Li Auto sinks 8% as EV makers slash prices amid fierce competition
Pedestrians walking past a Tesla store in Shanghai, China, on March 14, 2024. CostFoto | Nurphoto | Getty Images Tesla shares sank 4% on Monday morning, while China’s Li Auto plummeted to an 11-month low, after both companies slashed prices of their electric vehicles in various markets amid intense competition. […]
Informatica says it’s not for sale, following Salesforce’s reported interest in $10 billion deal
Amit Walia, CEO, Informatica at the New York Stock Exchange, October 27, 2021. Source: NYSE Enterprise data management company Informatica is not currently in talks to be acquired, the company said Monday, after earlier reports suggested that Salesforce was interested in a roughly $10 billion deal. Informatica shares slumped more […]
Carrier, the century-old inventor of the air conditioner, is moving on to the home heat pump
Heat pumps are becoming more popular for residential housing with energy prices increasing and the need to reduce use of fossil fuel heating systems. Andrew Aitchison | In Pictures | Getty Images In case you haven’t noticed, heat pumps are hot. Although these devices, which use electricity to generate both […]
Express files for bankruptcy, plans to close nearly 100 stores as investor group looks to save the brand
Longtime mall retailer Express filed for Chapter 11 bankruptcy protection on Monday, but a group of investors led by brand management firm WHP Global is looking to save the company by acquiring it. Express, whose portfolio includes its namesake banner, Bonobos and UpWest, said it will close 95 of its […]
Given a lifeline by the U.S., Ukraine must now prove it can beat Russia
Ukrainian servicemen monitor the situation along the front via drones in the direction of Kreminna, Ukraine as Russia-Ukraine war continues on 31 March 2024. Anadolu | Anadolu | Getty Images Ukraine received a vital reprieve from the U.S. at the weekend after the House of Representatives passed a $61 billion […]