Levi's to slash its global workforce by up to 15% as part of a 2-year restructuring plan
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Denim giant Levi Strauss & Co. says that it’s slashing its global corporate workforce by 10% to 15% in the first half of the year. The company employed about 19,100 people as of the end of …
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By ANNE D'INNOCENZIO
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1/25/24
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Walgreens to pay $275,000 to settle allegations in Vermont about service during pandemic
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Walgreens has agreed to pay $275,000 to settle allegations about service in some of the national pharmacy chain's Vermont stores during the coronavirus pandemic. In a statement announcing the …
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1/25/24
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Here's what air travelers might want to know if they are scheduled to fly on a Boeing Max 9
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Those grounded Boeing jets are coming back starting Friday. Air travelers will want to know if they are safe. The head of the Federal Aviation Administrations says he is confident they will be, as …
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Associated Press
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1/25/24
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U.S. sets plans to protect endangered whales near offshore wind farms; firms swap wind leases
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Two federal agencies are looking to better protect endangered whales amid a surge in offshore wind farm development. The U.S. Bureau of Ocean Energy Management and the National Oceanic and …
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By WAYNE PARRY
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1/25/24
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Yellen visits Midwest to showcase improving consumer sentiment, take aim at Trump tax cuts
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Treasury Secretary Janet Yellen is visiting Illinois and electoral battleground Wisconsin this week to make a case for the Biden administration’s economic agenda and offer a reminder of the Trump …
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By FATIMA HUSSEIN
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1/25/24
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Apple will open iPhone to alternative app stores, lower fees in Europe to comply with regulations
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Apple has unveiled a sweeping plan to tear down some of the competitive barriers that it has built around its lucrative iPhone franchise. It made the move to comply with upcoming European regulations …
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By MICHAEL LIEDTKE
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1/25/24
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Christopher Nolan’s ‘Tenet’ returns to theaters, in IMAX 70mm, with new ‘Dune: Part Two’ footage
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Time isn’t inverting: Christopher Nolan’s “Tenet” is coming back to movie theaters for a week, including on IMAX 70mm and other large-format screens. Warner Bros. Discovery said Thursday that …
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By LINDSEY BAHR
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1/25/24
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Microsoft lays off 1,900 employees in its gaming division following Activision Blizzard buyout
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Microsoft is laying off about 1,900 employees in its gaming division, according to an internal company memo, just over three months since the tech giant completed its $69 million purchase of video …
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By WYATTE GRANTHAM-PHILIPS and MATT O'BRIEN
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1/25/24
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New Jersey weighs ending out-of-pocket costs for women who seek abortions
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New Jersey's Democratic-led state government is considering legislation that would eliminate out-of-pocket costs for abortion. Gov. Phil Murphy has called on the Legislature to back the bill before …
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By MIKE CATALINI
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1/25/24
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Artist who performed nude in 2010 Marina Abramovic exhibition sues MoMA over sexual assault claims
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A performer who appeared naked in a show by world-renowned performance artist Marina Abramovic is suing New York City’s Museum of Modern Art, saying it failed to take action after he was sexually …
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By MAYSOON KHAN
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1/25/24
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Court takes new look at whether Musk post illegally threatened workers with loss of stock options
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A group of federal appeals court judges in New Orleans is mulling whether a 2018 social media post by Tesla CEO Elon Musk unlawfully threatened Tesla employees with the loss of stock options if they …
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By KEVIN McGILL
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1/25/24
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Fendi caps couture with futurism-tinged ode to Lagerfeld at Paris Fashion Week
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Fendi, under Kim Jones, has presented a mesmerizing collection blending minimalist futurism with an homage to Karl Lagerfeld at Paris Couture Week. Celebrities like Zendaya and Reese Witherspoon …
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By THOMAS ADAMSON
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1/25/24
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Robitussin maker recalls several lots of cough syrup due to contamination
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The maker of Robitussin cough syrup is recalling several lots of its medicine due to contamination that could pose a serious risk to people with weakened immune systems. The recall affects eight lots …
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By MATTHEW PERRONE
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1/25/24
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Auto dealers up campaign urging Biden administration to halt EPA tailpipe emission limits regulation
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A group of more than 4,700 auto dealers in the United States have sent a letter to President Joe Biden, urging the president to halt regulators' efforts to require cars to emit less pollution. The …
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By ALEXA ST. JOHN
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1/25/24
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Union Pacific profit up 1% as the railroad delivers more fertilizer, imported goods and vehicles
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Union Pacific's fourth-quarter profit crept up 1% as the railroad delivered more fertilizer, imported goods and vehicles. The Omaha, Nebraska-based railroad said it earned $1.65 billion, or $2.71 per …
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By JOSH FUNK
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1/25/24
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Biden revisits decaying Wisconsin bridge to announce $5B for infrastructure in election year pitch
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President Joe Biden is returning to the swing state of Wisconsin to announce $5 billion in federal funding for upgrading the Blatnik Bridge and for dozens of similar infrastructure projects …
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By SEUNG MIN KIM and SCOTT BAUER
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1/25/24
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US economy grew at a surprisingly strong 3.3% pace last quarter, pointing to continued resilience
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The nation’s economy grew at an unexpectedly brisk 3.3% annual pace from October through December as Americans showed a continued willingness to spend freely despite high interest rates and price …
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By PAUL WISEMAN
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1/25/24
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Southwest Airlines is reporting a loss, and American expects to start the new year with a loss
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Some major U.S. airlines are struggling to cover higher costs for labor and other expenses. American Airlines said Thursday that fourth-quarter profit fell sharply, and it forecast a loss in the …
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1/25/24
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Humana warns that rising care costs will persist through 2024, surprises Wall Street with forecast
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Humana surprised Wall Street again on Thursday with a lower-than-expected earnings forecast, as insurers that sell Medicare Advantage plans continue to struggle with rising care costs. Shares of …
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By TOM MURPHY
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1/25/24
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Messi to make his Super Bowl debut, set to appear in Michelob Ultra ad
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Lionel Messi has won futbol’s biggest prize. He’ll now be part of American football’s biggest day. The Inter Miami star, World Cup champion and global soccer icon will headline a Super Bowl ad …
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By TIM REYNOLDS
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1/25/24
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