Industry

General Motors Reduces EV Output, Axes 1,200 Detroit Jobs Amid

General Motors Reduces EV Output, Axes 1,200 Detroit Jobs Amid Weak Demand

General Motors cuts 1,200 Detroit EV jobs and pauses battery production amid weak demand and policy changes.


Carter's to Shutter 150 Stores, Lay Off 300 Workers as Tariffs Squeeze Profits

Carter's will close 150 stores and cut 300 jobs by 2026 as rising tariffs drive up costs and squeeze profits.

Cameo Accuses OpenAI of Copying Brand Name in Sora's 'Cameo' Video Generator

Cameo sues OpenAI for using its brand name in Sora's "Cameo" video feature, alleging trademark infringement and consumer confusion.

Paramount to Lay Off Roughly 1,000 Employees in Sweeping Corporate Restructure

Paramount plans to cut about 1,000 jobs in a major corporate restructure following its merger with Skydance.


Latest News

Disney to Pay $10 Million to Settle FTC Allegations Over
Disney channels, including ESPN and ABC, may vanish from YouTube TV by Thursday night if a new carriage deal isn't reached.
Amazon’s Robotic Army Nears Majority as AI, Automation Replace Human
Amazon plans to lay off 30,000 corporate employees as it boosts AI and automation across its workforce.
Elon Musk Teases Tesla Full Self-Driving Model Upgrade Featuring ‘Big’
Tesla warns shareholders it may lose Elon Musk as CEO without approval of his $1 trillion pay plan.
Boeing Faces New Setback as China Cuts Off Jet Shipments
Boeing workers reject the latest contract offer, extending their strike into a third month over pay and benefits.
This Long-Requested Apple Maps Update is Coming to iOS
Search ads may be coming to Apple Maps app by next year, according to an analyst's latest report.
357,000 Bio Ionic Curling Irons Recalled After Hundreds of Burn
Over 357,000 Bio Ionic curling irons are recalled after hundreds of reported burn injuries.
FDA Suspends Milk Testing Program Due to Mass Employee Departures
Over 140,000 bottles of generic Lipitor (Atorvastatin) are recalled after failing FDA dissolution tests.
Rivian Reaches $250 Million Settlement in Shareholder Suit Over IPO
Rivian agrees to a $250M settlement over alleged IPO price misrepresentation as it focuses on launching the R2 SUV.
Alaska Airlines and Boeing Resolve $1 Billion Suit Over Door
Boeing workers prepare to vote on a revised contract after nearly 80 days on strike, seeking better pay and benefits.
Target is testing factory-to-customer shipping to lower costs and compete
Target cuts 1,800 corporate jobs to streamline operations and boost sluggish sales.
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