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…
Category: Business
Bed Bath & Beyond shares fall 18%; company names new CFO
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…
Pharmacy operators Walmart, Walgreens, Kroger begin opioid trial in New Mexico
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…
Juul to pay about $439 million to settle e-cigarette marketing probe
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,…
Musk’s lawyer urges judge to delay Twitter trial due to whistleblower
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…
Mercedes-Benz to lay off 3,600 workers in Brazil
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.…
CVS deal for Signify seen facing tough antitrust review
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…