Citi Is Sued by New York State Over Account Transfer Fraud

Latest Administration News - Wed, 01/31/2024 - 00:47
New York’s attorney general said the bank failed to protect its customers from hackers who, in some cases, stole their life savings and college funds.

Saudi Arabia’s Aramco Drops Plans to Expand Oil Production

Latest Administration News - Wed, 01/31/2024 - 00:43
The pullback, at the behest of the Saudi government and made with little comment, probably reflects a more subdued outlook for demand of Saudi Arabia’s oil.

Truck Makers Team Up to Push for Electric Vehicle Chargers

Latest Administration News - Wed, 01/31/2024 - 00:40
Daimler, Navistar and Volvo have been criticized for not selling many electric heavy trucks, but the companies say the country first needs many more chargers.

UPS to Cut 12,000 Jobs as Wages Rise and Package Volumes Fall

Latest Administration News - Wed, 01/31/2024 - 00:27
After what the company called a “difficult and disappointing” 2023, UPS said the cuts would save $1 billion this year.

Sky to cut 1,000 jobs in move towards digital

News Feed - Wed, 01/31/2024 - 00:15
The firm will cut 4% of its workforce, mainly from its engineering arm, as fewer people use satellites.

A Lead Scare Strikes Stanley Tumblers, but You Don’t Need to Worry

Latest Administration News - Wed, 01/31/2024 - 00:12
There is some lead in the sealing material used in the cup, the company says. But experts say it’s inaccessible to people drinking from one, and caution that at-home lead tests are unreliable.

Patagonia Spends $71 Million on Wildlife Conservation and Politics

Latest Administration News - Tue, 01/30/2024 - 23:46
$71 million of the clothing company’s earnings have been used since September 2022 to fund wildlife restoration, dam removal and Democratic groups.

Warning cost of car insurance to rise this year

News Feed - Tue, 01/30/2024 - 23:33
The Financial Conduct Authority says it was "monitoring" the sharp rise in insurance premiums.

Vertex Experimental Drug Cuts Off Pain at the Source, Company Says

Latest Administration News - Tue, 01/30/2024 - 22:44
Vertex Pharmaceuticals said its medicine could address moderate to severe acute pain, and might be able to avoid the risk of addiction.

Morrisons agrees to sell forecourts arm in £2.5bn tie-up

News Feed - Tue, 01/30/2024 - 22:44
Motor Fuel Group will also take on hundreds of Morrisons' electric vehicle charging sites.

Fitbit customers say devices unusable after update

Daily Management Thought - Tue, 01/30/2024 - 22:38
More than 100 users say new software is causing Fitbits to malfunction or stop working altogether.

Number of companies going bust hits 30-year high

News Feed - Tue, 01/30/2024 - 22:06
More than 25,000 firms went under last year in England and Wales, as they struggled with rising costs.

G.M. Profits Hurt by Electric Car Business and Strike

Latest Administration News - Tue, 01/30/2024 - 21:46
The automaker has placed a bet on electric vehicles, but it has struggled to produce and sell the vehicles in large numbers.

UPS to cut 12,000 jobs after 'disappointing' year

News Feed - Tue, 01/30/2024 - 21:35
The parcel delivery giant said it was looking for $1bn in savings, as AI makes up for the jobs.

IMF warns UK government against further tax cuts

News Feed - Tue, 01/30/2024 - 21:16
The International Monetary Fund suggests pencilled-in spending cuts from this year are unrealistic.

Minute-Long Soap Operas Are Here. Is America Ready?

Latest Administration News - Tue, 01/30/2024 - 19:26
Popularized in China during the pandemic, ReelShort and other apps are hoping to bring minute-by-minute melodramas to the United States.

Minute-Long Soap Operas Are Here. Is America Ready?

Latest Business News - Tue, 01/30/2024 - 19:26
Popularized in China during the pandemic, ReelShort and other apps are hoping to bring minute-by-minute melodramas to the United States.

Minute-Long Soap Operas Are Here. Is America Ready?

Latest Business News - Tue, 01/30/2024 - 19:26
Popularized in China during the pandemic, ReelShort and other apps are hoping to bring minute-by-minute melodramas to the United States.

Technology Companies Are Cutting Jobs and Wall Street Likes It

Latest Administration News - Tue, 01/30/2024 - 18:55
The sector is laying off workers after a hiring boom during the pandemic and their share prices are soaring.

Global Economy Is Heading Toward ‘Soft Landing,’ I.M.F. Says

Latest Administration News - Tue, 01/30/2024 - 18:30
The International Monetary Fund upgraded its growth forecasts and offered a more optimistic outlook for the world economy.

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