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Categories Business

Macy’s confirms rogue employee hid $151 million in expenses over three years

Author December 11, 2024

A rogue employee was responsible for hiding $151 million in delivery expenses over the course of nearly three years, Macy’s said Wednesday. In

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Categories Business

Albertsons sues Kroger after judge rules against grocery merger

Author December 11, 2024

Albertsons on Wednesday formally terminated its proposed $25 billion merger with Kroger and filed a lawsuit against its supermarket competitor, saying Kroger violated its contract

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Categories Business

How the Olympics helped transform Salt Lake City into a tech hub

Author December 11, 2024

Salt Lake City has grown from a winter sports venue to a vibrant technology hub in just two decades, leveraging the legacy

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Categories Business

Judge blocks Albertsons-Kroger $25 billion supermarket merger

Author December 11, 2024

A U.S. district judge in Oregon has blocked a $25 billion bid by supermarket giant Kroger to take over rival Albertsons, ruling

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Categories Business

How the New York Mets can justify paying one player $765 million

Author December 11, 2024

Earlier this year, Steve Cohen laid out his principles as the owner of the New York Mets, saying it was a “philanthropic”

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Categories Business

Women’s basketball league Unrivaled signs uniform deal with Under Armour

Author December 11, 2024

The pieces are coming together for the startup basketball league Unrivaled. The 3×3 women’s hoops league announced Tuesday that it has signed a

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Categories Business

OpenAI releases Sora, its buzzy AI video-generation tool

Author December 10, 2024

OpenAI said Monday it’s releasing its buzzy AI video-generation tool, Sora, later in the day. The AI video-generation model works similarly to OpenAI’s

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Categories Business

China opens probe into Nvidia, accusing company of violating its anti-monopoly law

Author December 10, 2024

China on Monday accused U.S. chipmaker Nvidia of violating its anti-monopoly law, a move likely to escalate already tense trade relations between

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Categories Business

Tokyo government to introduce four-day workweek for its employees

Author December 10, 2024

The Tokyo government plans to introduce a four-day workweek for its employees in an attempt to support young families and boost record-low

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Categories Business

TikTok says ban would cost U.S. small businesses and creators $1.3B in first month

Author December 9, 2024

TikTok in a court filing Monday warned that U.S. small businesses and social media creators would lose $1.3 billion in revenue and earnings

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