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Business

Instagram to scale back shopping features amid commerce retreat

By somechessorg September 20, 2022September 14, 2022

Meta Platforms Inc's (META.O) Instagram is planning to drastically scale back its shopping features as it shifts the focus of its e-commerce efforts to those that directly drive advertising, the…

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Business

Bed Bath & Beyond shares fall 18%; company names new CFO

By somechessorg September 19, 2022September 14, 2022

Shares of Bed Bath & Beyond Inc (BBBY.O), which has grappled with slumping business and shaken up management in recent months, fell nearly 20% on Tuesday in the first full…

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Business

Pharmacy operators Walmart, Walgreens, Kroger begin opioid trial in New Mexico

By somechessorg September 18, 2022September 14, 2022

U.S. pharmacy operators Walgreens Boots Alliance (WBA.O), Walmart Inc (WMT.N) and Kroger Co (KR.N) on Tuesday faced off against the state of New Mexico in the latest trial over their…

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Business

Juul to pay about $439 million to settle e-cigarette marketing probe

By somechessorg September 17, 2022September 14, 2022

E-cigarette maker Juul Labs Inc has agreed to pay $438.5 million to settle claims by 34 U.S. states and territories that it downplayed its products' risks and targeted underage buyers,…

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Business

Musk’s lawyer urges judge to delay Twitter trial due to whistleblower

By somechessorg September 16, 2022September 14, 2022

A trial over Elon Musk's bid to end his $44 billion deal for Twitter Inc (TWTR.N) should be delayed by several weeks to allow the billionaire to investigate a whistleblower's…

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Business

Mercedes-Benz to lay off 3,600 workers in Brazil

By somechessorg September 15, 2022September 14, 2022

Mercedes-Benz (MBGn.DE) said on Tuesday it will fire 3,600 employees in a restructuring of its truck and bus chassis plant in Brazil's Sao Paulo state amid pressures on its production.…

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Business

CVS deal for Signify seen facing tough antitrust review

By somechessorg September 14, 2022

CVS Health Corp's (CVS.N) plan to buy healthcare services company Signify Health for about $8 billion will face a tough U.S. antitrust review even though the two companies do not…

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