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Categories Business

Bed Bath & Beyond commences fresh round of layoffs as threat of bankruptcy looms

Author January 11, 2023

Fresh off telling investors last week that it may consider a bankruptcy filing, Bed Bath & Beyond has kicked off a fresh

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Categories Business

Ban new gas stoves, a federal safety commissioner proposes; CPSC says no such official plan yet

Author January 11, 2023

A commissioner with the U.S. Consumer Product Safety Commission is proposing a ban on gas stoves, calling them a ‘hidden hazard.’ In

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Categories Business

At least 100 deaths now linked to recalled Fisher-Price sleeper

Author January 10, 2023

Fisher-Price’s recalled Rock ‘n Play Sleepers have now been linked to 100 fatalities, the Consumer Product Safety Commission announced Monday. The sleeper was

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Categories Business

Goldman Sachs is cutting up to 3,200 employees this week as Wall Street girds for tough year

Author January 10, 2023

Goldman Sachs is laying off fewer employees than feared, but the cut is still a deep one. The global investment bank is letting go

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Categories Business

FTC says proposed ban of noncompete clauses would strengthen workers’ hand

Author January 7, 2023

The Federal Trade Commission proposed a new rule Thursday to ban the use of noncompete clauses in worker contracts, a change that

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Categories Business

U.S. economy added 223,000 jobs in December, as strong jobs market tops expectations

Author January 7, 2023

Payroll growth decelerated in December but was still better than expected, a sign that the labor market remains strong even as the

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Categories Business

Mercedes-Benz recalls 324,000 vehicles over water-intrusion issue that could stall engines

Author January 7, 2023

Mercedes-Benz is recalling 324,000 vehicles that are at risk of stalling due to a water-intrusion defect. The notice affects Mercedes ML and GLE

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Categories Business

Stocks stage first big rally of 2023 as hope grows that inflation will ease, Dow closes up nearly 700 points

Author January 7, 2023

U.S. stocks advanced Friday after the December jobs report and an economic activity survey showed signs that inflation may be cooling, signalling

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Categories Business

Trader Joe’s accused of harmful levels of lead and cadmium in some chocolate products

Author January 7, 2023

Trader Joe’s is accused in a lawsuit of misleading and endangering shoppers by selling dark chocolate that contains harmful levels of lead

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Categories Business

DeSantis moves to bring Disney’s special Florida district under direct state control

Author January 7, 2023

Florida Gov. Ron DeSantis will seek to bring Disney’s special governing district under direct state control in a bid to end the

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