Four years after launching a push for more diversity in its ranks, McDonald’s is ending some of its diversity practices, citing a U.S. Supreme Court decision that outlawed affirmative action in college admissions. McDonald’s is the latest big…
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Business
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Sierra Space CEO Tom Vice has left the company, CNBC confirmed Monday. In a statement, Sierra Space said Vice retired Dec. 31. Chairman Fatih Ozmen will serve as interim CEO, with Eren Ozmen as president. “After three…
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U.S. Steel and the Japanese firm that had sought to acquire it are suing the Biden administration after the president announced he was blocking a proposed deal for the iconic American manufacturer. U.S. Steel and…
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Business
Eli Manning says ‘only one team’ he’d take an ownership stake in: The New York Giants
by adminFormer New York Giants quarterback Eli Manning would consider becoming a minority owner of his old team if the Mara family is willing to sell him a stake. “It’s definitely something of interest,” said Manning,…
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Business
FTC chair hopes Amazon, Facebook won’t get ‘sweetheart deal’ from Trump in antitrust cases
by adminFederal Trade Commission Chair Lina Khan said Tuesday she hopes the incoming Trump administration will not let Amazon and Facebook parent Meta off the hook from pending antitrust lawsuits by her agency with a “sweetheart deal.” But, “I can’t predict what…
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Many small businesses are breathing a bit easier as inflation has cooled and the race for workers slows. But consumers’ steady embrace of credit cards is taking a growing bite out of their margins. Gene-Christian…
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President Joe Biden said Friday that he has decided to block a $15 billion takeover of U.S. Steel by the Japanese company Nippon Steel, capping off a yearlong business saga that drifted into election politics.…
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Disney will combine its Hulu+ Live TV service with Fubo, merging together two internet TV bundles, the companies announced on Monday. Disney will become majority owner of the resulting company — the publicly traded Fubo company —…
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Vail Resorts shares have dropped in recent weeks as a labor dispute roiled one of America’s most prominent skiing destinations. The Park City Professional Ski Patrol Association, a union representing patrollers at the Utah mountain of…
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An online car rental service is under scrutiny after it was used in two incidents Wednesday. The platform, Turo, is known as an “Airbnb of cars,” as it allows individual car owners to rent out…