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By The Financial District
6 hours ago1 min read
FTC Sues PepsiCo Over Alleged Price Discrimination Favoring Walmart
The Federal Trade Commission (FTC) has filed a lawsuit against PepsiCo, alleging illegal price discrimination that gave a large retailer...
By The Financial District
10 hours ago1 min read
Starbucks Plans Corporate Layoffs By March
Starbucks is preparing to implement layoffs as part of its "Back to Starbucks" plan to streamline operations.
By The Financial District
23 hours ago1 min read
SC Backs Law Calling For Sale Or Outright Ban Of TikTok In U.S.
The Supreme Court has ruled unanimously against TikTok, rejecting the social media platform’s First Amendment challenge to a law that...
By The Financial District
23 hours ago1 min read
Toyota’s Hino Motors Settles $1.6 Billion U.S. Diesel Emissions Case
Toyota Motor unit Hino Motors has agreed to a $1.6 billion settlement with U.S. authorities and will plead guilty to charges related to...
By The Financial District
23 hours ago1 min read
Lufthansa Acquires 41% Stake In Italy’s ITA Airways
Deutsche Lufthansa AG finalized the acquisition of a minority stake in Italian airline ITA Airways on Friday, following an initial offer...
By The Financial District
23 hours ago1 min read
U.S. Defense Firm To Build 4,000-Worker Manufacturing Plant In Ohio
US defense contractor Anduril Industries has announced plans to construct an advanced manufacturing facility in central Ohio, creating...
By The Financial District
24 hours ago1 min read
FTC Hits Middlemen For Inflating Specialty Generic Drug Prices
Pharmacy benefit managers (PBMs), acting as middlemen between drugmakers, insurers, and pharmacies, earned $7.3 billion in revenue by...
By The Financial District
1 day ago3 min read
Powering A First-World Philippines
Under the visionary leadership of Edgar B. Saavedra, Citicore Renewable Energy Corporation (CREC) has emerged as a lighthouse of innov...
By The Financial District
1 day ago1 min read
Low Pay for Exploited Labor, Long Hours Dog Shein’s Success Story
The BBC’s Laura Bicker spent 10 days speaking with factory workers in Guangzhou's Panyu neighborhood, known as "Shein village."
By The Financial District
1 day ago1 min read
Short Seller Nate Anderson Disbands Hindenburg
Nate Anderson, the short seller known for campaigns targeting billionaires like Gautam Adani, Jack Dorsey, and Carl Icahn, has announced...
By The Financial District
1 day ago1 min read
German Defense, Foreign Ministries Suspend Use Of Musk’s X
Germany’s Defense Ministry announced it is suspending activity on the social media platform X, citing difficulties in maintaining...
By The Financial District
2 days ago1 min read
TSMC’s Q4 Profit Rises 57% To A Record
Taiwanese chipmaker TSMC reported a 57% increase in fourth-quarter net profit on Thursday, setting a new record, as demand for semi...
By The Financial District
2 days ago1 min read
BP Cutting 4,700 Jobs Worldwide In Cost-Saving Effort
UK-based oil giant BP is eliminating 4,700 jobs globally and an additional 3,000 contractor roles as part of a cost-saving initiative.
By The Financial District
2 days ago1 min read
Mitsubishi Quits China Metal Trading After Copper Fraud
Japanese conglomerate Mitsubishi Corp. plans to shut down its Chinese metal trading operations following suspected fraud by a copper...
By The Financial District
4 days ago1 min read
Coors Light Temporarily Changes Name To "Mondays Light"
Coors Light has announced that it is temporarily changing its name to “Mondays Light” to lighten the mood on what it calls "one of the..."
By The Financial District
4 days ago1 min read
Japan PM Urges Biden To Address Issues Over U.S. Steel Deal
Japanese Prime Minister Shigeru Ishiba has urged U.S. President Joe Biden to address concerns in business circles arising from the...
By The Financial District
4 days ago2 min read
Several Women Accuse UK Author Neil Gaiman Of Sexual Assault
Best-selling British author Neil Gaiman has released a statement denying allegations of sexual assault after a magazine published accounts..
By The Financial District
4 days ago1 min read
Kohl’s To Close 27 Stores In 12 States
Kohl’s announced it will close 27 underperforming stores across 12 states as the retailer aims to improve profitability amid ongoing...
By The Financial District
4 days ago1 min read
Cleveland-Cliffs and Nucor Plan Joint Bid For U.S. Steel
Cleveland-Cliffs and Nucor are preparing a joint bid to acquire US Steel, weeks after US President Joe Biden blocked a $15.1 billion...
By The Financial District
4 days ago1 min read
China Considers Selling TikTok To Elon Musk
Chinese officials are reportedly in preliminary discussions about selling TikTok’s US operations to billionaire Elon Musk, should the...
By The Financial District
5 days ago1 min read
Europe’s Largest Pension Fund Divests Tesla Over Musk’s Pay
Europe’s largest pension fund, Stichting Pensioenfonds ABP, sold its €571 million ($585 million) stake in Tesla Inc. during the third...
By The Financial District
6 days ago1 min read
TSMC Cuts Ties With Singapore Firm For Supplying Chips To Huawei
Taiwan Semiconductor Manufacturing Co. (TSMC), the world’s leading contract chipmaker, has severed its relationship with PowerAIR...
By The Financial District
6 days ago1 min read
Semirara Mining Sets Record For Coal Shipments
Semirara Mining and Power Corporation (SMPC) achieved a historic milestone in 2024, recording 16.5 million metric tons (MT) of coal...
By The Financial District
6 days ago2 min read
D&L Industries Pushes Eco-Friendly Innovation
D&L Industries, through its subsidiary D&L Polymer & Colours, Inc. (DLPC), is driving sustainability in plastics by pioneering a break...
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