Home Depot co-founder Bernie Marcus dies
Bernie Marcus, the co-founder of Home Depot who became a billionaire philanthropist and GOP donor, has died at the age of 95. ‘The entire Home Depot family is deeply saddened…
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Boeing strike ends after machinists approve new labor contract with 38% wage increases
Boeing machinists approved a new labor deal Monday, ending a more than seven-week strike that halted most of the aircraft production at the company that was already struggling with mounting losses. Machinists…
TGI Fridays operator files for Chapter 11 bankruptcy amid financial woes
TGI Fridays, an American casual dining chain, said on Saturday that it has filed for Chapter 11 bankruptcy protection after grappling with prolonged financial challenges and a collapsed deal with…
Marc Benioff is in talks to sell Time to Antenna Group
The Greek media company Antenna Group is in talks to acquire Time from Salesforce co-founder Marc Benioff, according to people familiar with the matter. No deal is assured and the…
Google employees pressure costumed execs at all-hands meeting for clarity on cost cuts
Alphabet executives, donning Halloween costumes, faced questions from concerned employees at an all-hands meeting on Wednesday, following comments on the company’s earnings call suggesting that more cost cuts are coming. “There…
Super Micro’s $50 billion stock collapse underscores risk of AI hype
In March, Super Micro Computer was added to the S&P 500 after an epic run that lifted the stock by more than 2,000% in two years, dwarfing even Nvidia’s gains. As it turned out, S&P was…
Peloton announces Ford exec, founder of Apple Fitness+ Peter Stern as its next CEO
Peloton on Thursday said it has appointed Peter Stern, a Ford executive and the co-founder of Apple Fitness+ to be its next CEO and president. Stern, the president of Ford Integrated Services, primarily oversees the automotive company’s…
7 ways that Starbucks CEO Brian Niccol plans to change the coffee chain
Starbucks CEO Brian Niccol shared more details about the company’s turnaround strategy during the company’s quarterly conference call on Wednesday. For three straight quarters, Starbucks has reported declining sales. But the coffee chain is hoping…
Starbucks will stop charging extra for nondairy milk
Nondairy milk lovers, rejoice. Starting next week, Starbucks will stop charging coffee drinkers who wish to customize their drinks with nondairy milk options an extra fee, the company announced Wednesday.…
Dropbox slashes 20% of global workforce, eliminating more than 500 roles
Dropbox is laying off 20% of its global workforce, the equivalent of 528 roles, CEO Drew Houston announced Wednesday in a note to staff. The company is in a “transitional period”…