Microsoft to cut 3% of its workforce
Microsoft on Tuesday said that it’s laying off 3% of employees across all levels, teams and geographies. “We continue to implement organizational changes necessary to best position the company for success…
UnitedHealth CEO suddenly steps down for ‘personal reasons’
UnitedHealth Group announced a new chief executive Tuesday, a sudden and surprising change following the fatal shooting in December of its UnitedHealthcare subsidiary’s leader. Andrew Witty stepped down from leading UnitedHealth for unspecified…
Father and son fraudsters sentenced in case of $100 million New Jersey deli
CAMDEN, N.J. — The father and son duo behind a stock fraud scheme involving the infamous $100 million New Jersey deli were sentenced to several months in prison Tuesday. Peter…
Fox streaming service to be called Fox One, launch before NFL season
Fox Corp. will launch its direct-to-consumer streaming service, to be called Fox One, ahead of the National Football League season later this year. Fox CEO Lachlan Murdoch unveiled the name and…
Fortnite applies to launch on Apple’s App Store after Epic Games court win
Epic Games said on Friday that it submitted Fortnite to Apple’s App Store, the month after a judge ruled in favor of the game maker in a contempt ruling. Fortnite was booted from iPhones and Apple’s…
Cargo thieves are attacking the U.S. supply chain at alarming rates
America’s supply chain is under attack. From coast to coast, organized criminal groups are hitting trucks on the road, breaking into warehouses and pilfering expensive items from train cars, according…
UnitedHealthcare sued by shareholders over reaction to CEO’s killing
A group of investors sued UnitedHealthcare Group on Wednesday, accusing the company of misleading them after the killing of its CEO, Brian Thompson. The class action lawsuit — filed in…
Krispy Kreme stock plunges after doughnut chain pauses McDonald’s rollout, pulls outlook
Krispy Kreme stock plunged 24% on Thursday morning after the doughnut chain said it is “reassessing” its rollout with McDonald’s and pulled its full-year outlook in part due to economic “softness.” Krispy Kreme…
Judge allows lawsuit over Burger King’s Whopper ads to move forward
A federal judge ruled on Monday that a class action lawsuit alleging that Burger King falsely advertised the size of its signature cheeseburger can move forward. U.S. District Judge Roy…
NBA star Russell Westbrook launches AI-enabled funeral planning startup
National Basketball Association superstar Russell Westbrook is taking a shot off the court at simplifying funeral planning with artificial intelligence. The famed Denver Nuggets point guard on Wednesday announced the…