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Former Abercrombie CEO Mike Jeffries Is Arrested in Sex-Trafficking Case
Jeffries is expected to be charged with operating a sex-trafficking ring, according to people familiar with the matter.
By Editors Desk
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Boeing to cut 17,000 jobs and delay 777X jet as revenues fall short
CEO Kelly Ortberg says third-quarter results will ‘recognise impacts’ of machinists’ strikeBy Editors Desk -
Crisis-hit Boeing to fire 17,000 employees
About 10% of the plane maker’s staff are expected to lose their jobs
By Editors Desk -
OpenAI Nearly Doubles Valuation to $157 Billion
The startup behind ChatGPT raised $6.6 billion from backers including Microsoft and Thrive Capital in a funding round.
By Editors Desk
Latest Business
DirecTV Agrees to Merge With Satellite Rival Dish
The pair of deals lets private-equity firm TPG buy AT&T’s remaining stake in DirecTV and absorb rival Dish.
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'Imploding': China's $60 trillion disaster
China is in financial turmoil as its lucrative property market implodes – and the consequences for Australia will be inescapable.
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Biden Administration Proposes Ban on Chinese Software in Vehicles
Officials acknowledged that few Chinese vehicles were on U.S. roads now, but said they wanted to take proactive measures to strengthen national security.
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Blackstone Buys Australian Data-Center Operator for $16.1 Billion
Blackstone expects about $2 trillion will be spent in building new data centers worldwide in the next five years
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Goldman Sachs to Lay Off Over 1,300 Workers
Layoffs are part of annual review process that culls low performers
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How Walmart became a force in a $54bn retail advertising industry
A high-margin and fast-growing ad business is changing the chain’s relationship with brands
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Starbucks ousts chief and appoints Chipotle boss in response to activist pressure
Shares in coffee chain jump after Laxman Narasimhan replaced by Brian Niccol
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Universal Music Signs Meta Deal Allowing Its Music to Appear on WhatsApp
Universal Music Group artists will see their songs made available on WhatsApp for the first time, after the record label struck a new licensing deal with Meta Platforms.
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Boeing’s New CEO Is Hands On. He’s Being Handed a Company in Crisis.
Kelly Ortberg inherits a troubled ‘go, go, go’ culture and a manufacturer burning through billions of dollars
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CrowdStrike to Delta: Stop Pointing the Finger at Us
The cybersecurity company says it isn’t to blame for the airline’s dayslong meltdown, calling it a “misleading narrative.”
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Delta CEO Says CrowdStrike Tech Outage Cost It $500 Million
The airline canceled thousands of flights over several days in July
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