Twitter Inc (TWTR.MX) has told a federal judge in San Francisco that a lawsuit claiming the company violated U.S. law by laying off thousands of workers without notice is baseless,…
Category: Business
‘Boomerang CEOs’ don’t always work out; Disney hopes this one bucks trend
Can Walt Disney Co (DIS.N) bank on another hit sequel? That appears to be the hope behind the company's surprise decision to bring back former chief executive Bob Iger to…
FTX seeks indemnity for unidentified individuals helping to protect assets
Bankrupt cryptocurrency exchange FTX is seeking to indemnify unidentified individuals for actions they took and continue to take in connection with assets that represent a significant share of the company's…
Medtronic slumps as annual outlook hurt by forex, slow recovery
Medtronic Plc (MDT.N) on Tuesday lowered its full-year outlook for profit and revenue growth, blaming a stronger dollar and a slower-than-anticipated recovery in supply chain disruptions, sending the medical device…
Mazda unveils $11 bln EV spending plan, considers investing in battery production
Japan's Mazda Motor Corp (7261.T) on Tuesday unveiled a $10.6 billion spending plan to electrify its vehicles and said it was also considering investing in battery production. The company also…
Abercrombie sees better holiday-quarter sales, posts surprise profit
Abercrombie & Fitch Co (ANF.N) said on Tuesday it was "cautiously optimistic" about the holiday season and forecast a smaller-than-expected drop in current-quarter sales after resilient demand led to a…