Shift to Remote Work Puts Pressure on Chains Like Sweetgreen
Downtown lunch spots that rely on catering to white-collar professionals are rethinking their business model as more employees work from home.
Posted inCompany Reports Prices (Fares, Fees and Rates) Procter & Gamble Co Shopping and Retail United States Economy
Procter & Gamble Sales Fall for First Time in Years as Inflation Squeezes Shoppers
The consumer goods giant raised prices 10 percent last quarter, but a decline in sales volume led to drops in revenue and profit.
Posted inCompany Reports Computers and the Internet Layoffs and Job Reductions Microsoft Corp Nadella, Satya
Microsoft to Lay Off 10,000 Workers as It Looks to Trim Costs
The job cuts, which amount to less than 5 percent of the company’s work force, are its largest in roughly eight years.
Posted inBanking and Financial Institutions Company Reports Goldman Sachs Group Inc Morgan Stanley United States Economy
Goldman Sachs Earnings Fall Short of Expectations, Causing Alarm
The Wall Street giant reported that its profit fell by nearly 70 percent in its latest quarter, lagging results at its rival Morgan Stanley.