Business
Another California tech company lays off thousands, citing AI
The layoffs bludgeoning the tech industry continued this week as artificial intelligence reshapes the industry. Mountain View-based…
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News
Crew walks out on 'CoComelon: The Melon Patch,' citing labor conditions
The International Alliance of Theatrical Stage Employees is striking against “CoComelon: The Melon Patch” in protest over wages and…
Business
Epic Games lays off 1,000 employees, citing dip in 'Fortnite' popularity
Epic Games, the developer of the popular video game “Fortnite,” is laying off more than 1,000 employees and cutting $500 million in costs.…
Unsorted
Stellantis scraps US plug-in hybrid sales, citing weak demand
The automaker’s pullback comes as Detroit carmakers reassess electric-vehicle spending amid policy changes under US President Donald Trump…
Business
Hepmil founders chose Publicis acquisition over fresh funding round, citing M&A risks
Karl Mak, the startup’s CEO and co-founder, says the team was not confident of executing its own M&A deals While planning for its next…
Unsorted
Directors at beverage distributor Ascent Bridge quit, citing governance lapses; board rejects claims
A requisition for an extraordinary general meeting to oust these directors has been withdrawn A boardroom battle at Ascent Bridge has…
Business
Ford lowers annual guidance, citing fire at supplier’s aluminum plant
Ford Motor cut its profit guidance on Thursday, citing fallout from a fire at a critical aluminum supplier that will crimp production of…
Business
Ben & Jerry's co-founder resigns citing loss of independence under Unilever
Jerry Greenfield says the Vermont-based company has lost its independence since UK parent Unilever curtailed its social activism Ben &…
Business
DBS raises DFI Retail Group Holding’s target price, citing strong potential to grow earnings
DBS bank on Monday (Jun 9) raised its target price for DFI Retail Group from US$3 to US$3.60 and maintained its “buy” rating, citing a…
Business
Newsom proposes $20-million funding cut for California newsrooms, citing budget issues
Gov. Gavin Newsom proposed slashing funding by 67% for a pioneering deal with Google to support struggling California newsrooms, citing…
Business
Kohl’s Fires CEO Ashley Buchanan Citing Conflict of Interest
Scandal has hit the struggling Kohl’s Corp. On Thursday, the board of Kohl’s said it fired chief executive officer Ashley Buchanan for…
Unsorted
Who Is Kristin Donnelly? Kaitlan Collins' Executive Producer Resigns Suddenly from CNN Citing Strange Reason Amid as Network Faces Challenges
Kaitlan Collins' seasoned TV producer has suddenly resigned from her CNN show, allegedly due to being overworked by the struggling…
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Australia backs Virgin-Qatar Airways tie-up citing improved air services
AUSTRALIA’S competition watchdog on Tuesday (Feb 18) backed a planned alliance between Virgin Australia and Qatar Airways, saying it would…
News
Hamas to postpone next hostage release, citing Israeli violations
The Palestinian Islamist group Hamas is indefinitely postponing the release of the next set of Israeli hostages being held in Gaza,…
Business
Analysts upgrade Frasers Centrepoint Trust to ‘buy’, citing its high retail portfolio occupancy - The Business Times
ANALYSTS have upgraded Frasers Centrepoint Trust (FCT) to a “buy” rating, citing its high retail portfolio occupancy and ongoing asset…
Business
Toyota raises buyback to 1.2 trillion yen, citing share levels
TOYOTA Motor bumped up the size of its share buyback to 1.2 trillion yen (S$11 billion) as the world’s largest carmaker enjoys strong…