Johnson & Johnson on Wednesday said it plans to pay $6.5 billion over 25 years to settle nearly all of the…
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Business
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BusinessEditor's Pick
Skydance bid for Paramount hinges on Shari Redstone as special committee ends exclusive talks
Skydance Media is prepared to walk away from its offer for Paramount Global unless it receives a firm commitment from controlling shareholder…
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BusinessEditor's Pick
The U.S. labor market is shifting toward skilled labor as white-collar hiring slows
America’s job market increasingly appears to be splitting into two tracks, economists say, alongside a steady demand for skilled workers…
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BusinessEditor's Pick
Sony and Apollo send letter expressing interest in $26B Paramount buyout as company considers Skydance bid
Sony Pictures and private equity firm Apollo Global Management have sent a letter to the Paramount Global board expressing interest in acquiring…
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BusinessEditor's Pick
Home prices soar even higher in February, despite higher mortgage rates, says S&P Case-Shiller
Strong demand and tight supply continue to push home values higher, even though mortgage rates are now moving higher again.…
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Arcade giant Dave & Buster’s is set to allow adults 18 and older to place real-time bets with friends on…
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BusinessEditor's Pick
Peloton CEO Barry McCarthy to step down, company to lay off 15% of staff as it looks to refinance debt
Peloton announced Thursday that CEO Barry McCarthy will be stepping down and the company will lay off 15% of its staff…
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BusinessEditor's Pick
Google lays off hundreds of ‘Core’ employees, moves some positions to India and Mexico
Just ahead of its blowout first-quarter earnings report on April 25, Google laid off at least 200 employees from its “Core” teams,…
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BusinessEditor's Pick
Johnson & Johnson to pay $6.5 billion to resolve nearly all talc ovarian cancer lawsuits in U.S.
Johnson & Johnson on Wednesday said it plans to pay $6.5 billion over 25 years to settle nearly all of the…
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BusinessEditor's Pick
Long-predicted consumer pullback finally hits restaurants like Starbucks, KFC and McDonald’s
It’s finally here: the long-predicted consumer pullback. Starbucks announced a surprise drop in same-store sales for its latest quarter, sending its shares down…