Jonathan Wong
The Latest
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Unilever to Spin Off Ice Cream Business with 7,500 Job Cuts, Including Ben & Jerry's, in Strategic Overhaul
Unilever, one of the world's largest consumer goods companies, has announced plans to spin off its ice cream business, which includes popular brands such as Magnum, Ben & Jerry's, Cornetto, and Kwality Wall's. The decision, which is part of a broader strategic overhaul, was welcomed by investors, sending the company's shares up nearly 6% at one point on Tuesday. Unilever, one of the world's largest consumer goods companies, has announced plans to spin off its ice cream business, which includes popular brands such as Magnum, Ben & Jerry's, Cornetto, and Kwality Wall's. The decision, which is part of a broader strategic overhaul, was welcomed by investors, sending the company's shares up nearly 6% at one point on Tuesday. -
UAW Announces Major Milestone in Organizing Drive at Volkswagen's Chattanooga Plant
Volkswagen workers at the company's Chattanooga, Tennessee plant have filed a petition with the National Labor Relations Board for a vote to join the United Auto Workers (UAW). Volkswagen workers at the company's Chattanooga, Tennessee plant have filed a petition with the National Labor Relations Board for a vote to join the United Auto Workers (UAW). -
United Airlines CEO Addresses Safety Concerns Amid Series of Incidents Involving Boeing Jets
United Airlines CEO Scott Kirby has issued a statement to customers in an effort to allay concerns about the carrier's safety following a string of incidents involving its Boeing jets in recent weeks. In his email, Kirby emphasized that safety is the airline's "highest priority" and is "at the center of everything we do." United Airlines CEO Scott Kirby has issued a statement to customers in an effort to allay concerns about the carrier's safety following a string of incidents involving its Boeing jets in recent weeks. In his email, Kirby emphasized that safety is the airline's "highest priority" and is "at the center of everything we do." -
U.S. Steel Sale to Nippon Steel Faces Antitrust Scrutiny and Political Opposition
The proposed $14.1 billion sale of U.S. Steel to its Japanese rival Nippon Steel has encountered a new hurdle as the Justice Department scrutinizes the deal over potential antitrust concerns. The proposed $14.1 billion sale of U.S. Steel to its Japanese rival Nippon Steel has encountered a new hurdle as the Justice Department scrutinizes the deal over potential antitrust concerns. -
Uber and Lyft Threaten Minneapolis Departure in Minimum Wage Law Standoff
Uber and Lyft have announced plans to suspend their services in Minneapolis, marking a significant clash between the ride-hailing giants and city leadership. Uber and Lyft have announced plans to suspend their services in Minneapolis, marking a significant clash between the ride-hailing giants and city leadership. -
Mega Millions Jackpot Soars to $875 Million with No Winners in Latest Draw
The Mega Millions jackpot has surged to an eye-watering $875 million, making it one of the largest in the history of the game, after no players managed to clinch the grand prize in Friday's draw. The anticipation continues to build, with hopeful participants setting their sights on the next drawing, slated for Tuesday. The Mega Millions jackpot has surged to an eye-watering $875 million, making it one of the largest in the history of the game, after no players managed to clinch the grand prize in Friday's draw. The anticipation continues to build, with hopeful participants setting their sights on the next drawing, slated for Tuesday. -
Reddit Discloses FTC Investigation into AI Data Deals Ahead of Anticipated IPO
Reddit, the popular social media platform, disclosed on Friday that it had received a letter from the Federal Trade Commission (FTC) regarding a non-public inquiry into the company's data-licensing practices related to the training of artificial intelligence systems. Reddit, the popular social media platform, disclosed on Friday that it had received a letter from the Federal Trade Commission (FTC) regarding a non-public inquiry into the company's data-licensing practices related to the training of artificial intelligence systems. -
Hertz Announces CEO Transition in Bid to Revitalize After EV Setback
Hertz Global Holdings Inc. is set to welcome a new chief executive officer as the car rental giant seeks to navigate a challenging period marked by a recalibration of its electric vehicle (EV) strategy. Hertz Global Holdings Inc. is set to welcome a new chief executive officer as the car rental giant seeks to navigate a challenging period marked by a recalibration of its electric vehicle (EV) strategy. -
Prosecutors Seek 40-50 Years for Sam Bankman-Fried in FTX Fraud Case
Prosecutors have recommended a prison sentence of 40 to 50 years for Sam Bankman-Fried, the 32-year-old founder of the now-defunct FTX cryptocurrency exchange, after his conviction on charges of defrauding investors of $8 billion. Prosecutors have recommended a prison sentence of 40 to 50 years for Sam Bankman-Fried, the 32-year-old founder of the now-defunct FTX cryptocurrency exchange, after his conviction on charges of defrauding investors of $8 billion. -
Honda and Nissan Forge Partnership to Accelerate Electric Vehicle Development to Chase Chinese Rivals
Honda Motor Co. and Nissan Motor Co. announced a collaborative effort to advance electric vehicle (EV) and intelligent technology development. This historic partnership marks a departure from the traditional rivalry between Japan's second and third-largest automakers, as they join forces to navigate the rapidly evolving EV sector. Honda Motor Co. and Nissan Motor Co. announced a collaborative effort to advance electric vehicle (EV) and intelligent technology development. This historic partnership marks a departure from the traditional rivalry between Japan's second and third-largest automakers, as they join forces to navigate the rapidly evolving EV sector.