Industry

Nestlé will lay off 16,000 workers by 2027 as new CEO Philipp Navratil launches a major cost-cutting plan.

Tesla appeals to the Delaware Supreme Court to reinstate Elon Musk's $56 billion pay package after a lower court ruled it invalid.

NBC News begins layoffs as MSNBC prepares to operate independently under new parent company Versant.

Smucker's sues Trader Joe's, claiming its crustless PB&J sandwiches copy the look and design of Uncrustables.

First Brands CEO resigns amid bankruptcy as $2.3 billion in company funds remain unaccounted for.

Warner Bros Discovery rejects Paramount's early $20-per-share takeover offer, signaling tough negotiations ahead.

After 15 years leading Apple to a $4 trillion valuation, Tim Cook may soon retire, sparking speculation about who will take over the tech giant next.

Discord shared updates on its customer service data breach and now claims that 70,000 government IDs may have been leaked.

Tesla launches budget Model 3 and Model Y EVs, but stock falls as investors remain cautious despite price cuts.

Verizon appoints former PayPal CEO Dan Schulman as its new chief executive, replacing Hans Vestberg.

Costco teams up with Novo Nordisk to sell Ozempic and Wegovy at $499, making popular weight-loss drugs more affordable for members.

Fifth Third Bank will acquire Comerica in a $10.9 billion deal, creating the ninth-largest U.S. lender.

Amazon VP Rob Williams steps down just days after device launch event, marking a rare S-team departure.

Apple removes ICEBlock and similar apps after FBI links them to safety threats against ICE agents.

Global Food Giant Nestlé to Lay Off 16,000 Workers Amid Cost-Cutting Push