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Big-Company Bankruptcies Hang Over Economy
Businesses that loaded up on debt when interest rates were lower now face a growing risk of failure. Source link
Meatpacking Plant Closures Cut Deep for Small-Town Economies
Tyson Foods and other meat processors are closing plants amid high costs and falling demand, spelling economic turbulence for the communities where the plants are
When a Congressman Challenged Disney on China, It Laid Off Beijing Staff
Disney’s China layoffs led to technical malfunctions and delayed efforts to troubleshoot. Source link
UAW Poised to Expand Strike to More Auto Plants
The union would identify the factories Friday morning, barring any last-minute signs of significant movement in labor-contract talks with GM, Ford and Stellantis. Source link
Walgreens Chief Executive Steps Down
Rosalind Brewer has stepped down less than three years after taking the helm of the pharmacy operator. Source link
Dick's Sporting Goods Blames Theft for Profit Woes
The retailer’s second-quarter earnings fell short of expectations and it incurred a fresh round of severance expenses from recent job cuts. Source link
Yellow Files for Bankruptcy After Shutting Down
The bankruptcy follows years of struggles as it tried to address the debt it accumulated through a series of mergers and a $700 million federal
Space Companies Struggle to Meet Lofty Goals
Newer industry players are cutting jobs, trimming spending and reining in plans. Source link
Amazon Delivers Surprisingly Strong Profit
The earnings report shows strong growth in consumer e-commerce, balancing out a continued slowdown in cloud-computing sales. Source link
Qualcomm, Stung by Sluggish Smartphone Market, Plans Layoffs
Qualcomm, Stung by Sluggish Smartphone Market, Plans Layoffs Source link