Business

Starbucks and the union representing its baristas, Workers United, have decided to return to the bargaining table after months of stalemate. This decision follows a February announcement where both sides expressed willingness to find a constructive path forward. The previous two years saw Starbucks engaged in a heated battle against the union and the broader

Ford Motor is set to reveal its first-quarter earnings after the markets close on Wednesday. Analysts on Wall Street have compiled their estimates, with expectations as follows: Earnings per share are projected to be at 42 cents adjusted, while Automotive revenue is anticipated to reach $40.10 billion. This would represent a 2.6% increase in revenue

E.W. Scripps, a prominent local TV broadcaster in the United States, has recently announced that it has engaged a financial advisor to assess the interest from potential buyers in acquiring Bounce TV, its over-the-air network focused on African American viewers. The decision to consider a sale comes after Paramount Global’s attempt to sell BET Media

PepsiCo recently reported its quarterly earnings and revenue, surpassing analysts’ expectations despite challenges in the U.S. market. The company’s adjusted earnings per share were $1.61, higher than the expected $1.52, and its revenue stood at $18.25 billion, exceeding the $18.07 billion expected by Wall Street. However, despite these positive figures, PepsiCo’s shares dropped by more

General Motors (GM) has surprised Wall Street by beating both top- and bottom-line expectations in the first quarter. The automaker’s strong performance in North America helped offset losses in other regions, leading to an increase in its forecast for 2024. GM now expects adjusted earnings of $12.5 billion to $14.5 billion, with adjusted automotive free

The recent victory of United Auto Workers (UAW) at the Volkswagen plant in Chattanooga, Tennessee is a significant milestone for the labor movement. The UAW secured a decisive win with 73% of the vote in favor of unionizing, marking the first successful attempt at organizing a foreign-owned automaker in the South. The implications of this

Boeing recently informed its employees about the challenges it is facing due to supplier shortages of key parts, which are expected to slow down the increase in production and deliveries of new 787 Dreamliner planes. This setback comes on the heels of Boeing already having to reduce deliveries and output of its 737 Max planes

Disney Entertainment and ESPN are facing a significant change as Aaron LaBerge, the chief technology officer, is leaving the company to join PENN Entertainment. LaBerge, who has played a crucial role in developing Disney’s streaming services and integrating advertising into Disney+, will be taking on the role of CTO at ESPN Bet, the sports media

The U.S. Federal Trade Commission has taken legal action to prevent the $8.5 billion deal that would see Coach and Kate Spade’s parent company, Tapestry, acquire Capri Holdings. This move by regulators has effectively put a pause on the consolidation of these major players in the American luxury retail industry. The merger would bring together

Express, a longtime mall retailer, recently filed for Chapter 11 bankruptcy protection due to financial difficulties. The company, known for its business casual apparel, has struggled with declining sales and mounting debt. This has been exacerbated by costly mall leases that have put a strain on its balance sheet. Despite efforts to shore up its