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Categories Business

Bed Bath & Beyond shares plummet after company warns of potential bankruptcy

Author January 6, 2023

Bed Bath & Beyond warned Thursday it’s running out of cash and is considering bankruptcy. The retailer, citing worse-than-expected sales, issued a “going concern”

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Categories Business

Amazon says it will cut over 18,000 jobs, more than initially planned

Author January 6, 2023

Amazon said Wednesday it will cut over 18,000 jobs, a bigger number than the e-retailer initially said it would be eliminating last year. The Wall

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Categories Business

American Airlines faces penalties for punishing flight attendants who reported toxic cabin fumes

Author January 6, 2023

American Airlines illicitly retaliated against flight attendants who reported toxic fumes entering airplane cabins, according to an investigation by the Occupational Health

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Categories Business

White-collar layoffs soar at brand-name companies amid concerns of economic slowdown

Author January 6, 2023

At the beginning of the pandemic, waves of layoffs hit retail, leisure and hospitality workers — anyone whose job depended on in-person interactions. But

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Categories Business

Peloton to pay $19M fine for failing to report treadmill hazards and selling recalled equipment

Author January 6, 2023

Peloton has agreed to pay a penalty of more than $19 million after the Consumer Product Safety Commission said the exercise company

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Categories Business

FTC proposed ban of noncompete clauses will strengthen workers’ hand, agency says

Author January 6, 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

Coinbase to pay $100 million to resolve New York investigation of due-diligence lapses

Author January 5, 2023

Popular cryptocurrency exchange Coinbase announced an agreement Wednesday to pay $50 million to resolve a New York investigation into lapses concerning its

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Categories Business

Analysts: Southwest is America’s favorite economy airline. That won’t change despite holiday meltdown.

Author January 5, 2023

Travelers love Southwest Airlines, according to J.D. Power’s annual ranking of the top U.S. air carriers. Southwest finished first in economy and

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Categories Business

Tesla shares tumble following deliveries report

Author January 4, 2023

Shares of Tesla dropped 13% on Tuesday morning, a day after the electric auto maker reported fourth-quarter vehicle production and delivery numbers for 2022. Deliveries are

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Categories Business

Southwest pilots union writes scathing letter to airline executives after holiday travel fiasco

Author January 4, 2023

The Southwest Airlines Pilots Association has published a letter denouncing the airline’s leadership as a ‘cult’ that they say has spent the

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