Generic-Drug Developer Lannett Files For Bankruptcy
[ad_1] Generic-drug developer Lannett said it has filed for bankruptcy after reaching a deal with many of its debtholders that…
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Gap to Conduct Layoffs, Cutting 1,800 Corporate Jobs
[ad_1] The cuts, which are expected to result in $300 million in annualized savings, are happening mainly at the retailer’s…
Royal Philips 1Q Net Loss Widened on Litigation Costs
[ad_1] Royal Philips reported a loss for the first quarter of €655 million after booking a provision related to a…
Lithium Miners Slump as Chile Unveils State-Led Policy
[ad_1] President Gabriel Boric’s plan to create a state-owned lithium company comes as Chile faces pressure for more public spending….
FedEx Restructures to Combine Ground and Express Delivery Networks
[ad_1] The company’s push for efficiency is unwinding the operating strategy led by founder Fred Smith. [ad_2] Source link
Cineworld Reaches Conditional Pact With Lenders to Exit Bankruptcy
[ad_1] Cineworld said it has reached agreements with its lenders to emerge from Chapter 11 bankruptcy in the U.S., with…
WSJ News Exclusive | Meta to Let Users Opt Out of Some Targeted Ads, but Only in Europe
[ad_1] WSJ News Exclusive Business Facebook, Instagram parent hopes plans to alter a privacy approach that would limit the impact…
As Macy’s CEO Plans to Retire, He Says Know Your Customer and Keep It Simple
[ad_1] Jeff Gennette has run the department-store chain since 2017 and will be succeeded in February by Bloomingdale’s boss Tony…
WSJ News Exclusive | Disney Eliminates Its Metaverse Division as Part of Company’s Layoffs Plan
[ad_1] The elimination is part of a broader restructuring that is expected to reduce head count by around 7,000 across…
China Dials Back Property Restrictions in Bid to Reverse Economic Slide
[ad_1] World Asia China Partial easing of housing-sector rules comes as Beijing also seeks to lessen economic toll of strict…