Business news
Virgin Orbit extends unpaid pause as Brown deal collapses, ‘dynamic’ talks continue
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NEWQUAY, ENGLAND – JANUARY 09: A general view of Cosmic Girl, a Boeing 747-400 aircraft carrying the LauncherOne rocket under its left wing, as final
Business news
Lidar maker Ouster dips as quarterly losses widen, but CEO sees savings in Velodyne merger
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The New York Stock Exchange welcomes Ouster Inc. (NYSE: OUST), today, Friday, March 12, 2021, in celebration of its Initial Listing. To honor the occasion
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Ex-Morgan Stanley advisor charged with defrauding NBA players out of millions
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Courtney Lee #5 and Chandler Parsons #25 of the Houston Rockets come together during their game at Staples Center on April 6, 2012 in Los Angeles, California.
Business news
Disney layoffs will begin this week, CEO Bob Iger says in memo
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Bob Iger, CEO, Disney, during CNBC interview, Feb. 9, 2023. Randy Shropshire | CNBC Disney will begin layoffs this week, the first of three rounds before
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Chipotle to pay ex-employees $240,000 after closing Maine location that tried to unionize
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Chipotle restaurant in Teterboro, New Jersey. SOPA Images | LightRocket | Getty Images Chipotle Mexican Grill has agreed to pay $240,000 to the former
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Young moviegoers are more likely to pay more for good seats in theaters, new survey says
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Group of cheerful people laughing while watching movie in cinema. Zoran Zeremski | Istock | Getty Images Young moviegoers don’t mind paying extra
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Ford plans to build 500,000 EVs annually at its $5.6 billion Tennessee campus
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Ford’s BlueOval City electric vehicle and battery manufacturing campus in West Tennessee is scheduled to begin production in 2025. It will be home to Ford’
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Chewy and Petco earnings make it clear: Pet health care is their future
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Monty Rakusen | Cultura | Getty Images If there’s one thing that’s clear from Chewy and Petco’s latest earnings reports, it’
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Luminar CFO defends lidar maker’s pricing and revenue in the wake of a Goldman downgrade
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A Mercedes-Benz van retrofitted with different types of lidar systems, including Luminar’s Iris, to showcase the differences in the technologies.
Business news
Millennials plan to stick with online shopping even as stores rebound, new survey finds
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People walk by empty retail space in lower Manhattan on April 17, 2017 in New York City.  Spencer Platt | Getty Images Millennials have big plans for the