Latest in Company Says
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Party City Stores to Close by February, Company Says
In an internal letter, the company said inflation and changes in consumer spending had forced it to shut its more than 700 stores.The New York Times - 14h -
Drivers for Amazon stage demonstrations, but company says deliveries have not been affected
Drivers who deliver packages for Amazon demonstrated outside some of the company's facilities calling for better wages and work conditions. The protests were called for by the Teamsters union. ...NBC News - 2d -
Company President in Michigan Stabbed During Staff Meeting
A 32-year-old employee allegedly stabbed the president of Anderson Express, who is in “serious but stable condition,” according to police. Questions remain about the motive.Inc. - 2d -
Amazon says picketers mostly aren't company employees, Teamsters say Amazon is gaslighting
Amazon facilities in several states Thursday are seeing picket lines encouraged by the International Brotherhood of Teamsters. CBS News correspondent Carter Evans has more.CBS News - 2d -
US Amazon workers go on ‘largest’ strike against company, Teamsters union says
Employees at seven facilities including New York, Atlanta and San Francisco take action in demand of contract talks. Why are Amazon workers on strike – and what does it mean for Christmas ...The Guardian - 2d -
MillerKnoll’s stock sinks on outlook, but company says bigger orders signal bigger focus on office space
Shares of MillerKnoll Inc. slid after hours on Wednesday after the furniture maker trimmed its full-year profit outlook, citing “slower-than-expected macroeconomic improvements” and a housing ...MarketWatch - 3d -
This industrials company is joining the S&P 500 soon
Heating and air conditioning equipment maker Lennox International Inc. is replacing contract drug maker Catalent Inc. in the S&P 500.MarketWatch - 3d -
EU should force customers to buy less polluting products, companies say
Major fossil fuel and industrial groups push for mandatory requirements in letter to European climate commissionerFinancial Times - 4d -
5 Ways to Avoid Happywashing in Your Company Culture
Practical ways to ensure your company is protecting its culture and employees’ well-being.Inc. - 4d -
This in-demand job can pay over $100,000 and doesn’t require a degree—companies have a 'huge' need for it, says Google exec
Data analytics is a rapidly growing field that can offer competitive salaries and flexibility, Lisa Gevelber, a vice president at Google, says.CNBC - 5d -
Judge Says Former ByteDance Executive Lied in Suit Against Company
A judge said this week that a former executive at ByteDance seemed to have fabricated evidence and submitted false statements in a high-profile 2023 lawsuit against the company.The New York Times - Dec. 13 -
Florida woman arrested for copycat insurance company threat
A Florida woman is being accused of threatening an insurance company, an apparent copycat attempt replicating points of the UnitedHealthcare CEO killing. CBS News' Manuel Bojorquez reports.CBS News - Dec. 13 -
McKinsey & Company agrees to pay $650 million to settle US investigation into opioids work, court papers say
McKinsey & Company agrees to pay $650 million to settle US investigation into opioids work, court papers sayABC News - Dec. 13 -
Suspect in CEO's killing wasn't insured by UnitedHealthcare, company says
Luigi Mangione, the suspect in the ambush killing of UnitedHealthcare’s CEO, was not insured by the company, the overarching business that owns it said.NBC News - Dec. 13 -
Company or country: Corporate India’s conundrum
Also in this newsletter: Adani Group’s funding fix and the numbers behind the world’s biggest advertising agencyFinancial Times - Dec. 13 -
Insurance companies pull back wildfire coverage in California
Increasingly intense wildfires have become more common in California, upending the lives of thousands. Many insurers are dwindling coverage options, leaving several homes in danger. Business ...CBS News - Dec. 12 -
Florida woman accused of threatening insurance company, saying, 'Delay, deny, depose'
A Florida woman who is accused of ending a call to an insurance company with the words "delay, deny, depose" was charged Tuesday.The Hill - Dec. 12 -
AI company says its chatbots will change interactions with teen users
Character.AI users can create original chatbots or interact with existing bots. Two lawsuits allege those bots harmed teen users.CBS News - Dec. 12 -
Phone companies haven't notified most victims of Chinese data hacking campaign, sources say
The vast majority of people whose call records have been stolen by Chinese hackers have not been notified, according to industry sources.NBC News - Dec. 12 -
Top Growth Companies With Insider Ownership In December 2024
In a week marked by record highs for major U.S. stock indexes, growth stocks have notably outperformed their value counterparts, driven by strong performances in sectors like consumer discretionary ...Yahoo Sports - Dec. 12 -
Australia to introduce ‘news tax’ on tech companies
Move is designed to close loophole after Meta walked away from existing deal to use media contentFinancial Times - Dec. 12 -
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Employees at This Tech Company Said They Were Stressed. So the Company Fired Them
Are your employees stressed out? This company has the perfect solution: Terminate them.Inc. - Dec. 9 -
What's New in the Rankings of Best-Managed Companies for 2024
The biggest change this year: capturing customer sentiment by counting clicksThe Wall Street Journal - Dec. 8 -
Apple Tops the List of Best-Managed Companies of 2024
Tech companies hold six of the top 10 spots, while Mastercard jumped to fifth place from 24th last year.The Wall Street Journal - Dec. 8 -
Businessman Frank McCourt says company working to be in position to buy TikTok amid ban threat
Business executive Frank McCourt, executive chairman of McCourt Global and founder of Project Liberty, tells "Face the Nation with Margaret Brennan" that his company is working very hard to ...CBS News - Dec. 8 -
GameStop’s stock is trading at a level that ignores the company’s challenges, says Wedbush
The videogame retailer’s shares jumped following the latest cryptic post from influential trader Keith Gill, aka “Roaring Kitty.”MarketWatch - Dec. 6 -
Ulta Beauty’s full-year sales forecast is slightly better, and the company says it’s ‘gaining traction’ in competitive backdrop
Shares of Ulta Beauty Inc. rallied after hours on Thursday after the cosmetics chain offered up a slightly more upbeat full-year sales forecast, saying efforts to counterbalance a slowdown in ...MarketWatch - Dec. 6 -
Boeing whistleblower says company's "toxic culture" threatened workers' safety
A Boeing Space whistleblower spoke out about alleged retaliation he faced from the company, claiming there was a "toxic culture" that threatened workers' safety. The accusation comes as the company ...CBS News - Dec. 4 -
Fed’s Beige Book says economy is stable. Companies more optimistic about 2025, but tariffs a worry.
The U.S. expanded steadily in November, but hiring was subdued and inflation was still a nagging problem in some parts of the economy, a new Federal Reserve survey found.MarketWatch - Dec. 4 -
OpenAI partners with defense company Anduril
OpenAI and Anduril on Wednesday announced a partnership allowing the defense tech company to deploy advanced AI systems for "national security missions."CNBC - Dec. 4 -
Dead & Company announce new Sphere residency in Las Vegas
The jam band will return to the state-of-the-art dome-shaped venue in March 2025.Los Angeles Times - Dec. 4 -
Volkswagen Says Urgent Measures Needed to Save Company
Volkswagen’s CEO warned staff that urgent measures are needed to secure the company’s future amid heightened competition, price pressure and high labor costs just as the European car market ...The Wall Street Journal - Dec. 4 -
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U.S. officials investigate alleged Chinese cyber hack of communications companies
U.S. officials say they're investigating Chinese government-affiliated hackers who compromised the networks of of U.S. communication companies and were able to intercept private communications of ...NBC News - Dec. 4 -
German company caught smuggling chemical plant to Iran
Aiotec GmbH agrees $14.5mn settlement with US after disguising shipment of dismantled polypropylene facilityFinancial Times - Dec. 3 -
US expands list of Chinese technology companies under export controls
The U.S. Commerce Department has expanded the list of Chinese technology companies subject to export controls to include many that make equipment used to make computer chipsABC News - Dec. 3 -
New Video Claims NZXT PC Rental Program Is "A Scam," Company Says It's Looking Into It
A new report alleges that PC hardware company NZXT's PC rental program is "shady and manipulative." The video from Gamers Nexus (via The Verge ) accuses NZXT of changing prices and parts between ...GameSpot - Dec. 2 -
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Is OpenAI Getting Into the Advertising Business? The Company Is Sending Mixed Messages
The AI giant’s CFO says it’s looking into ads, but adds that it has no active plans as yet.Inc. - Dec. 2
