GlobalFoundries and other semiconductor companies are looking for workers as demand for chips soars, spurred by CHIPS Act funding and artificial intelligence.
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Saks Fifth Avenue parent HBC to acquire Neiman Marcus Group in $2.65 billion deal
The deal will establish Saks Global, which will include Saks Fifth Avenue, Saks OFF 5TH, Neiman Marcus’ namesake department store chain and Bergdorf Goodman.
Continue readingFisker recalls thousands of Ocean EVs for safety and compliance issues
The company issued voluntary recalls for at least 11,000 Ocean SUVs across the U.S., Canada, and Europe for software-related issues.
Continue readingAt Stellantis investor day, cost cuts and China come into focus
Stellantis has aggressively cut operations under Tavares, with some executives describing the measures as difficult or grueling.
Continue readingSouthwest CEO vows change as activist investor pushes for new leadership
Elliott Management on Monday disclosed a nearly $2 billion stake in Southwest Airlines and said it wanted new leadership.
Continue readingInfluencer Jake Paul launching men’s skin, personal care line at Walmart
The line, called W, will feature products priced at less than $10 and looks to tap into the growing market for men’s grooming.
Continue readingNathan’s hot dog contest parts ways with champion Joey Chestnut over plant-based frank partnership
Major League Eating will part ways with 16-time champion Joey Chestnut ahead of this year’s Fourth of July hot dog eating contest, hosted by Nathan’s […]
Continue readingNational Amusements stops discussions with Skydance on Paramount deal, sources say
Share Redstone’s National Amusements has stopped talks with Skydance on proposed merger deal with Paramount Global, CNBC reported Tuesday.
Continue readingAffirm buy now, pay later loans will be embedded into Apple Pay later this year
Affirm will surface as an option for U.S. Apple Pay users on iPhones and iPads later this year.
Continue readingGM trims 2024 EV forecast amid slower-than-expected demand
General Motors is trimming its expected sales and production of all-electric vehicle this year, as U.S. adoption of EVs occurs slower than expected.
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