Harley-Davidson to Cut 13% of Global Workforce
The motorcycle maker's restructuring plan, including about 700 job cuts, will result in costs of about $42 million in the second quarter.
Latam Airlines Gets $1.3 Billion in Bankruptcy Financing from Oaktree
Latin America's biggest airline has lined up an additional $1.3 billion in private financing to carry it through bankruptcy as carriers in the region continue to receive little in the way of government support.
Supreme Court to Hear Case on Government Seizure of Fannie, Freddie Profits
The U.S. high court will wade into a yearslong dispute involving the federal takeover of Fannie Mae and Freddie Mac during the financial crisis of 2008, agreeing to review a case examining the government's move to seize the mortgage-finance companies' profits..
Elon Musk Gloats as Rally Drives Tesla Shares to New Heights
The auto maker's strong performance during the pandemic has sent its stock soaring, dealing a blow to investors betting against the Silicon Valley auto maker. And Tesla's chief is having a blast rubbing their noses in it.
Walgreens to Cut 4,000 Jobs in U.K. Boots Stores, Suspend Buybacks
The pharmacy chain said the coronavirus pandemic sliced out around $700 million to $750 million in sales for its latest quarter, with most of the impact tied to its retail-pharmacy business overseas.
Facebook Q&A: Where Civil Groups and the Social Media Giant Agree and Disagree
Civil-rights advocates are pressuring the social-media giant's advertisers to halt spending on its platforms, saying it has done too little to police hateful content. Here is a look at how Facebook has-and hasn't-responded.
Tyson Turns to Robot Butchers, Spurred by Coronavirus Outbreaks
The pandemic is speeding meatpackers' shift from human meat cutters to automated ones, but machines can't yet match people's ability. While meat processing overall has grown safer in recent years, it remains one of the more hazardous jobs in the U.S. economy.
TikTok Considers Changes to Distance App From Chinese Roots
ByteDance is considering changing the corporate structure of its popular short-video app TikTok, as it comes under increasing scrutiny in its biggest markets over its Chinese ties.
WhatsApp's Business-User Base Grew Tenfold From 2019
The messaging platform WhatsApp said it has more than 50 million users of its business app world-wide each month, a milestone showing progress in Facebook's efforts to generate revenue from the service.
Covid-19 Crisis Puts Further Pressure on Big Jets
The aviation-industry crisis triggered by the coronavirus pandemic is exacerbating a yearslong move by airlines away from big jets.
