Bed Bath & Beyond begins new round of layoffs as threat of bankruptcy looms
Fresh off telling investors last week that it may consider a bankruptcy filing, Bed Bath & Beyond has kicked off a fresh round of layoffs. The company said in a…
DeSantis moves to bring Disney’s special Florida district under direct state control
Florida Gov. Ron DeSantis will seek to bring Disney’s special governing district under direct state control in a bid to end the entertainment giant’s multi-decade arrangement with the Sunshine State.…
Mercedes-Benz recalls 324,000 vehicles over water-intrusion issue that could stall engines
Mercedes-Benz is recalling 324,000 vehicles that are at risk of stalling due to a water-intrusion defect. The notice affects Mercedes ML and GLE sport-utility vehicles for model years 2012-2020. Only…
Peloton to pay $19M fine for failing to report treadmill hazards and selling recalled equipment
Peloton has agreed to pay a penalty of more than $19 million after the Consumer Product Safety Commission said the exercise company failed to report potential hazards in using its…
FTC says proposed ban of noncompete clauses would strengthen workers’ hand
The Federal Trade Commission proposed a new rule Thursday to ban the use of noncompete clauses in worker contracts, a change that would significantly boost employees’ negotiating powers. The proposal…
American Airlines faces penalties for punishing flight attendants who reported toxic in-cabin fumes
American Airlines illicitly retaliated against flight attendants who reported toxic fumes entering airplane cabins, according to an investigation by the Occupational Health and Safety Administration. According to a whistleblower investigation…
Amazon says it will cut over 18,000 jobs, more than initially planned
Amazon said Wednesday it will cut over 18,000 jobs, a bigger number than the e-retailer initially said it would be eliminating last year. The Wall Street Journal reported on the…
Coinbase to pay $100 million to resolve New York investigation into customer due diligence lapses
Popular cryptocurrency exchange Coinbase announced an agreement Wednesday to pay $50 million to resolve a New York investigation into lapses concerning its anti-money laundering and know-your-customer practices. The company said…
Southwest pilots union writes scathing letter to airline executives after holiday travel fiasco
The Southwest Airlines Pilots Association has published a letter denouncing the airline’s leadership as a “cult” that they say has spent the past 15 years destroying the company’s legacy, culminating…
Tesla shares tumble following deliveries report
Shares of Tesla dropped 13% on Tuesday morning, a day after the electric auto maker reported fourth-quarter vehicle production and delivery numbers for 2022. Deliveries are the closest approximation of…