After several underwhelming quarters, fast food giant McDonald’s is making a significant shakeup to its menu in an attempt to boost sales and get customers into their restaurants. McDonald’s announced on Friday that it will introduce a new value menu called McValue, in 2025.
Back...
Automaker General Motors (GM) is reportedly terminating jobs for 1,000 workers as part of the company’s cost-cutting and reorganization efforts.
GM notified the affected employees on Friday, with around half of them previously holding positions at the automaker’s global technical center in Warren, Michigan.
The company...
Fashion company Tapestry announced on Thursday that it won’t pursue the $8.5 billion acquisition of rival Capri anymore. The announcement comes several weeks after the U.S. District Judge Jennifer Rochon blocked the proposed deal.
Tapestry, which owns brands like Coach and Kate Spade, and Michael...
Genomics and biotech firm 23andMe announced massive layoffs and restructuring on Tuesday in attempts to slash its inflated costs. It expects to lay off 40% of its workforce, which amounts to around 200 employees, while also shutting down its therapeutics unit.
23andMe, which gained prominence...
Fast casual restaurant chain Chipotle Mexican Grill confirmed on Monday that industry veteran Scott Boatwright will serve as its new permanent CEO. Boatwright previously held the interim CEO role after Brian Niccol stepped down to take the top executive position with coffeehouse chain Starbucks.
Boatwright...
Airplane maker Boeing is currently working on a funding agreement with its struggling supplier, Spirit AeroSystems. According to a recent report by Reuters, the agreement would see Boeing provide a cash injection to Spirit in order to help them deal with a series of...
