US Business
Bed Bath & Beyond’s Losses Widen as Sales Drop 28%
The company’s net loss ballooned to $366 million, and gross margin declined to 27.7% of sales as it cleared inventory it was unable to sell at full price.
Year: 2022
US Business
Twitter Co-Founder Dorsey Tried to Smooth the Way for Musk, Agrawal, Messages Show
“At least it became clear that you can’t work together,” Dorsey told Musk after a call, according to texts made public in court filings.
US Business
Mark Zuckerberg Freezes Hiring at Facebook-Parent Meta
Meta employees were told that the company will be implementing a hiring freeze and will be taking more steps to reduce costs.
US Business
Peloton to Sell Exercise Bikes at Dick’s Sporting Goods, Expanding Retail Push
The fitness-gear company has been expanding where consumers can buy their products amid a drop in demand as people return to the gym.
US Business
Why Are Companies Still Hiring When GDP Is Shrinking?
A persistent economic puzzle is why the labor market is still strong amid slowing growth and high inflation. Many employers say they continue to struggle with staffing shortages and are reluctant to cut head count.
Small Business/Startups
America’s Car-Mart Hosts 6th Annual Drive Away Cancer Campaign
October is Breast Cancer Awareness Month, and America’s Car-Mart of Joplin, for the sixth consecutive year, will be promoting their “Drive Away Cancer” campaign throughout the month. Car-Mart dealerships promote this initiative through various local […]
US Business
Cerebral Treated a 17-Year-Old Without Parents’ Consent. They Found Out the Day He Died.
Telehealth startup Cerebral treated a 17-year-old and prescribed him an antidepressant without parental consent. The company said the treatment was appropriate and the case was an outlier.
US Business
Tyson Overhauls Management as Meat Giant’s Profits Are Pressured
As beef profit margins come off high levels, Tyson changes executives heading finance, prepared foods and international operations.
US Business
Chevron Sells Global Headquarters in California Amid Texas Expansion
The oil company closed the sale of its Chevron Park campus in San Ramon, Calif., its global headquarters for two decades, and plans to move into a nearby leased space about one-third of the size.
US Business
Tesla Adds Airbnb Co-Founder Joe Gebbia to Board of Directors
The addition brings the electric-vehicle maker’s board size back to eight seats.