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Category : Business (Archive for 2018-02-13) News by Google
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CNBC
Barnes & Noble cuts staff after dismal holiday season
CNBC
Workers showed up Monday morning at various Barnes & Noble locations to be notified that they no longer had a job. A company spokesperson told CNBC: "Given our sales decline this holiday, we're adjusting staffing." Lauren Thomas | Lauren Hirsch ...

CNBC
General Motors will shut a South Korean plant, more cuts could follow
CNBC
General Motors will close one of four vehicle assembly plants in South Korea and will decide on the future of the remaining operations within weeks, according to GM President Dan Ammann. Ammann told Reuters that the future of the remaining operations ...

TechCrunch
Amazon is cutting hundreds of corporate jobs, according to a new report
TechCrunch
In a rare move for the online retail giant, Amazon is laying off hundreds of corporate workers in its Seattle headquarters and elsewhere, according to a Seattle Times report. The corporate cuts come after an eight-year hiring spree, taking the company ...

Bloomberg
Remington Is Planning to File for Bankruptcy
Bloomberg
For two centuries, it has been a totem of America's gun culture -- a name emblazoned on frontier flintlocks and U.S. Army .45s. But on Monday Remington Outdoor Co., which traces its history back to 1816, said it would file for bankruptcy protection ...

New York Times
Steven Cohen's Investment Firm Accused of Hostility to Women
New York Times
A female executive at the investment firm run by Steven A. Cohen, the billionaire investor, said in a lawsuit that the company was a testosterone-fueled “boys' club” in which men commented on women's bodies, belittled their abilities and paid them less ...

NewsDay
As Tesla Breaks Faith With Its Believers, It's Time To Go Short
Seeking Alpha
What does it mean? It means I'm finally ready to stop wagging my finger at you about shorting Tesla. Before you go short, though, make sure you're on board with my thesis. I've summarized it here. And, by all means, please review my cautions. Assume ...

Reuters Canada
Walgreens in talks to buy AmerisourceBergen: WSJ
Reuters
(Reuters) - Drugstore operator Walgreens Boots Alliance Inc has made a takeover approach to drug distributor AmerisourceBergen Corp, the Wall Street Journal reported on Monday. Amerisource shares rose 15 percent in after-hours trading. Representatives ...

Los Angeles Times
Air bag danger: Ford and Mazda say don't drive these pickups at all
Los Angeles Times
Ford and Mazda say their dealers will send tow trucks to haul in certain recalled pickup trucks that are too risky to drive. (Alan Diaz / Associated Press). Ford and Mazda are adding more than 35,000 pickup trucks in North America to a list of vehicles ...

WIRED
Inside the Two Years that Shook Facebook—and the World
WIRED
How a confused, defensive social media giant steered itself into a disaster, and how Mark Zuckerberg is trying to fix it all. Author: Nicholas Thompson, Fred VogelsteinBY Nicholas Thompson and Fred Vogelstein. One day in late February of 2016, Mark ...

Fox News
CNN boss Jeff Zucker slashing digital operations by cutting jobs, scaling back 'high profile' initiatives
Fox News
CNN is slashing its digital operations as some of its expensive new initiatives struggle, with plans to lay off as many as 50 people as soon as this week, according to Vanity Fair. Citing “people familiar with the matter,” Vanity Fair reported that CNN ...

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