More than 800 Amazon employees are calling on the company to step up its response to climate change through foreign aid — a sign internal activism is still alive at tech companies despite layoffs and a…
Category:
Business
-
-
Business
Ban new gas stoves, a federal safety commissioner proposes; CPSC says no such official plan yet
A commissioner with the U.S. Consumer Product Safety Commission is proposing a ban on gas stoves, calling them a ‘hidden hazard.’ In an interview with Bloomberg News, Richard Trumka Jr. said all options would be…
-
Bed Bath & Beyond on Tuesday posted wider quarterly losses than expected as its chief executive acknowledged that the struggling retailer’s turnaround plan had not achieved its goals. Days after the company warned of potential bankruptcy, it painted…
-
Fresh off telling investors last week that it may consider a bankruptcy filing, Bed Bath & Beyond has kicked off a fresh round of layoffs. In a statement, the company said Tuesday it would be…
-
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 first recalled in April 2019 following reports that infants had rolled from…
-
Business
Goldman Sachs is cutting up to 3,200 employees this week as Wall Street girds for tough year
Goldman Sachs is laying off fewer employees than feared, but the cut is still a deep one. The global investment bank is letting go of as many as 3,200 employees starting Wednesday, according to a person…
-
The Federal Trade Commission proposed a new rule Thursday to ban the use of noncompete clauses in worker contracts, a change that would significantly boost employees’ negotiating powers. The proposal is based on the FTC’s…
-
Payroll growth decelerated in December but was still better than expected, a sign that the labor market remains strong even as the Federal Reserve tries to slow economic growth. Nonfarm payrolls increased by 223,000 for…
-
Business
Stocks stage first big rally of 2023 as hope grows that inflation will ease, Dow closes up nearly 700 points
U.S. stocks advanced Friday after the December jobs report and an economic activity survey showed signs that inflation may be cooling, signalling that the Federal Reserve’s interest rate hikes are having their intended effect. The…
-
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 sport-utility vehicles for model years 2012-2020. Only 1% of vehicles are likely…