Tagged: Company coverage

Airlines begin 32,000 furloughs

United and American Airlines have started a furlough plan that will affect 32,000 employees as federal aid is close to running out and more does not seem to be coming yet. David Koenig reported...

Disney to lay off 28,000

Disney will lay off 28,000 people from its theme park workforce as the business division all but collapsed amid the pandemic. Lisa Richwine reported the news for Reuters: Walt Disney Co said on Tuesday...

LVMH sues Tiffany for failed merger

LVMH has filed a countersuit against Tiffany, disputing the jeweler’s claims LVMH was to blame for the breakdown of their $16-billion merger talks. Matt Clinch reported the news for CNBC: LVMH said Tuesday it...

Musk promises $25,000 Tesla

Elon Musk says Tesla is working on a model that will cost just $25,000. Roberto Baldwin from Car and Driver reported: Elon Musk and Tesla powertrain and energy engineering leader Drew Baglino held the...

Quibi explores strategic options

Quibi is exploring strategic options, including a sale less than six months after its launch. The short-form video startup founded by Jeffrey Katzenberg and Meg Whitman is working with advisors on several options, including...