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McDonald's Temporarily Shuts U.S. Offices as Chain Prepares for Layoffs
The fast-food company is expected to notify workers of their job status virtually. The layoffs are part of a broader restructuring. Source link
WWE Nears Sale to UFC’s Endeavor Group
Business Endeavor deal gives WWE an enterprise value of $9.3 billion Source link
Tesla Reports Uptick in Vehicle Deliveries After Price Cuts
Business Autos & Transportation Autos Industry The company delivered around 36% more vehicles to customers in the first quarter than it did a year earlier
That Style, Again? How Shopping Got So Boring
Fresh merchandise gives consumers a reason to buy—and without it, sales suffer. Here’s what happened after manufacturers and retailers hit pause on innovating. Source link
Norfolk Southern Derailment Spurs Questioning of Turnaround King’s Strategy
The late E. Hunter Harrison, who ran four of North America’s major railroads, is credited with transforming the railroad industry by spreading a philosophy of
Swiss Prosecutors Probe State-Backed Credit Suisse Takeover by UBS
The federal prosecutor has reached out to national and local authorities to analyze and identify if any criminal offenses took place. Source link
There Are Regular Disney Superfans. And Then There Is the 18-Year-Old Who Attends Every Shareholder Meeting.
PEORIA, ARIZ.—Walt Disney Co. Chief Executive Robert Iger has said his top priority is finding his replacement within two years. An 18-year-old Disney superfan from
The Fatal Flaw in Credit Suisse’s Last-Ditch Attempt to Save Itself
Credit Suisse Group AG’s new-look investment bank, CS First Boston, was supposed to help salvage the lender. Instead, it may have hastened its fall. The
SVB Collapse Complicates Banks' Efforts to Unload Over $25 Billion of Junk Debt
Banking turmoil and Twitter woes cloud the picture for ‘hung’ buyout loans. Source link
EY Fails to Reach Deal on Split
A revolt that has upended the planned breakup of accounting firm Ernst & Young is being driven by two longtime U.S. auditors who believe their