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The Latest Breaking News from Company

Genetic testing firm 23andMe cuts 40% of its workforce amid financial struggles

Company says it will cut about 200 employees as value plummets in aftermath of huge data breach

The Guardian - US

Another troubled trucking company files Chapter 11 bankruptcy

A Miami, Fla., trucking company files Chapter 11 to reorganize its businesses facing a repossession order and a lawsuit.

The Street

West London council denies funding the production of 'indiscriminate weapons' for Israel

Councillor Emma Dent-Coad has urged Kensington and Chelsea Council to divest its pension fund from portfolios including Elbit Systems

Evening Standard

From analysis to the latest developments in health,
read the most diverse news in one place.

The UAW union is taking a step back from Stellantis dispute

The automaker is currently battling the union representing many of its employees in federal court.

The Street

Super Micro shares tumble following disturbing news

The AI server company makes an astonishing admission in a regulatory filing.

The Street

Super Micro Computer Stock Plummets After Accounting Firm Resigns

Super Micro Computer stock plunged after the data center specialist revealed that its accounting firm had resigned over financial reporting concerns.

Investors Business Daily

Douglas Elliman Realty president fired days after CEO stepped down

Their departures from the brokerage and its parent company are effective immediately.

Fortune

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Boohoo wards off audacious boardroom coup move from Frasers

neither delayed responding to Frasers’ requests for board representation nor ignored them.”

Evening Standard

Top US lawmakers blast Stellantis CEO over pressing issue

The political fiasco comes as the automaker and union's relationship is in tatters.

The Street

Insurance giant Globe Life says it's being extorted by hackers

Globe Life says it did not suffer a ransomware attack but it did lose customer data.

TechRadar

CVS Stock Falls After Karen Lynch Ouster: What to Know

CVS stock is lower Friday after the embattled healthcare company said Karen Lynch is out as CEO, effective immediately

Kiplinger

Mulberry set to stay out of the clutches of Frasers after Challice backing

Frasers upped its offer for Mulberry to 150p a share, valuing the company at £111 million, on Friday

Evening Standard

Short seller of $17 billion real estate giant accuses CEO of concealing millions in self-serving dealings

Blue Orca, an activist investment firm that admits it is biased and cannot ensure complete accuracy in its report, argues Sun Communities failed to make financial disclosures, inflated funds, and tolerated poor corporate governance.

Fortune

Stellantis is taking the UAW to Federal court over latest threat

The automaker is vehemently denying the claims made by UAW president Shawn Fain.

The Street

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Salon

Trump Media execs quit amid CEO claims

The firm that operates Truth Social is in turmoil following internal complaints to company board

Evening Standard

Mulberry rejects £83 million takeover offer from Fraser Group

Fraser made its surprise move after Mulberry unveiled an emergency £10.75 million share placing to shore up its battered balance sheet.

Evening Standard

Aston Martin warns on production numbers and earnings following "disruption"

The company said wholesale volumes this year “are now expected to decline by high single digit percentage compared with 2023”

StockNews.com

3 Healthcare Stocks to Watch as the Aging Population Drives Demand

As the global population ages, the demand for healthcare services surges, making the sector a promising avenue for long-term growth. Investors looking to capitalize on this trend might consider adding healthcare giants like Eli Lilly and Company (LLY), UnitedHealth Group (UNH), and Merck & Co. (MRK) to their watchlist. Read…

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news in one place.

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Evening Standard

Lego dinosaur company 'to avoid extinction' despite administration

Revenues for the years ended 2018 and 2019 totalled £4.2 million and £5.4 million but fell sharply during the pandemic

Fortune

Every single member of the board just resigned from DNA tester 23andMe

CEO Anne Wojcicki said the mass exodus left her “surprised and disappointed.”

The Street

The bitter UAW-Stellantis feud takes a surprising new direction

The autoworker's union says the automaker isn't keeping its promises.

The National (Scotland)

The Scottish botanist who brought tea from China to India

IT was in this week of 1812 that the quite remarkable Robert Fortune was born. The Scottish botanist credited with altering the economies of the two…

Salon

Red Lobster's future is looking up

Red Lobster will also see new leadership changes once its forthcoming acquisition is complete

International Business Times

Southwest Chairman Gary Kelly To Retire As Struggling Airline Shakes Up Board

The moves come after a meeting with large shareholder Elliott Investment Management.

RideApart

Hoonigan Announces It's Bankrupt, Private Equity Destroys Another Brand

Hoonigan's owners, Clear Lake Capital, have announced that it's bankrupt, stating it'll have to restructure to save the brand it acquired a few years back.

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