Southwest Airlines reported a $220 million loss for the fourth quarter after the carrier’s holiday meltdown drove up expenses and cost it millions in revenue during what was expected to…
Walmart said Tuesday it would raise the average hourly wage of its associates to more than $17.50 an hour — up from about $17 an hour. In a note to…
Elizabeth Holmes, the founder of the disgraced blood testing startup Theranos, told a judge Monday that the U.S. government’s accusations that she tried to flee after she was convicted of…
Tesla CEO Elon Musk told a jury Monday in San Francisco that he was merely considering taking Tesla private when he tweeted in 2018 that he had “secured” funding to…
Elon Musk testified in court on Friday in a trial that may decide whether a tweet he sent in 2018 cost Tesla investors millions of dollars. Tesla shareholders are suing…
The Federal Trade Commission on Friday asked that notorious “pharma bro” Martin Shkreli be held in contempt of court for forming a new drug company in violation of a judge’s…
Netflix’s Reed Hastings is giving up his CEO role but will remain on as chairman, the company announced alongside its earnings report Thursday. Co-CEO Ted Sarandos will remain in his…
Amazon said Wednesday it plans to shut down its charity donation program, in the latest example of the company’s broader cost-cutting efforts. Through the program, called AmazonSmile, the e-retailer donates…
Party City filed for Chapter 11 bankruptcy protection on Tuesday, making it the latest casualty in the U.S. retail industry as persistently high inflation takes a toll on consumer spending.…
A 2016 video that Tesla used to promote its self-driving technology was staged to show capabilities like stopping at a red light and accelerating at a green light that the…