Amazon to invest $972M for electric vans, trucks in Europe Posted November 10, 2022 Amazon said it will invest 1 billion euros ($972.1 million) to add thousands of more electric vans, long-haul trucks and cargo bikes to its delivery network in Europe. The inve…
Facebook owner Meta unveils $1,500 VR headset: Will it sell? Posted November 5, 2022 Facebook parent Meta unveiled a high-end virtual reality headset with the hope that people will soon be using it to work and play in the still-elusive place calle…
Tyson Foods consolidates corporate offices, leaves Chicago Posted November 2, 2022 Tyson Foods will relocate around 1,000 corporate positions from the Chicago area as well as South Dakota to its headquarters in Springdale, Arkansas. One of the world's largest…
Safety deposit boxes headed toward extinction at Chase Posted October 29, 2022 You'll no longer be able to store your precious coins, jewelry and paperwork at JPMorgan Chase & Co., as the bank has stopped opening new safety deposit boxes…
Biogen pays $900M to settle doctor kickback allegations Posted October 26, 2022 Biogen has agreed to pay $900 million to resolve allegations that it violated federal law by paying kickbacks to doctors to persuade them to prescribe
Spain plans tax hike for millionaires to help those in need Posted October 22, 2022 Spain’s Socialist-led coalition government is planning a temporary higher tax rate on the richest 1% of the country from next year, in addition to its windfall ta…
FTC reviewing Amazon’s $1.7 billion deal to buy iRobot Posted October 15, 2022 The Federal Trade Commission is investigating Amazon’s $1.7 billion acquisition of iRobot, the latest deal that’s under scrutiny by the regulators amid growing co…
US announces $40 million agricultural aid to Sri Lanka Posted October 10, 2022 The United States announced $40 million in aid to buy fertilizer and other key agricultural inputs in time for the next cultivation season in crisis-hit Sri Lanka…
UPS hiring for the holiday rush holds steady above 100,000 Posted October 5, 2022 UPS plans to hire more than 100,000 workers to help handle the holiday rush this season, in line with hiring in the previous two years. Holiday season volumes usually start ris…
Movie chain Cineworld files for Chapter 11 bankruptcy Posted September 30, 2022 Movie theater operator Cineworld Group LLC has filed for Chapter 11 bankruptcy protection in the U.S. as it deals with billions of dollars in debt and lower-than-expected attendan…