Category: Business

Social media giant Twitter TWTR.N Inc, under increased threat of regulation and plagued by serious security breaches, is appointing one of the world’s best-regarded hackers to tackle everything from engineering missteps to misinformation. The company on Monday named Peiter Zatko, widely known by his hacker handle Mudge, to the new position of head of security, […]

Amazon.com Inc AMZN.O on Tuesday launched an online pharmacy for delivering prescription medications in the United States, increasing competition with drug retailers such as Walgreens WBA.O, CVS Health CVS.N and Walmart WMT.N. Called Amazon Pharmacy, the new store lets customers price-compare as they buy drugs on the company’s website or app. Shoppers can toggle at […]

Former United Auto Workers Vice President Joseph Ashton on Tuesday was sentenced to 30 months in prison for accepting kickbacks as part of a wide-ranging federal corruption probe into the union. Ashton, a former General Motors Co board member, pleaded guilty in December 2019 to conspiring with other union officials to receive “hundreds of thousands […]

U.S. retail sales increased less than expected in October and could slow further, restrained by spiraling new COVID-19 infections and declining household income as millions of unemployed Americans lose government financial support. While other data on Tuesday showed production at factories accelerating last month, output remained well below its pre-pandemic level and the uncontrolled coronavirus […]

Saudi Aramco 2222.SE was set to raise $8 billion from a five-part bond deal on Tuesday as the world’s largest oil producer seeks cash after low oil prices dented its finances. It received $48.1 billion in orders for the debt sale, less than half what it drew for its debut bond sale last year, when […]

One of GameStop Corp’s largest shareholders, Ryan Cohen, has urged the videogame retailer to conduct a strategic review of its business and to focus on digital sales by moving away from its traditional brick-and-mortar model. Cohen, who is also a co-founder of e-commerce firm Chewy Inc, had raised his stake in GameStop in September and […]

Home Depot Inc HD.N said on Tuesday it will spend about $1 billion more on employees’ wages annually as the home improvement chain benefits from a sustained surge in demand for tools and building materials due to the COVID-19 pandemic. Home Depot’s blue-chip stock, up 28% this year, fell 2.5% in early trading, despite the […]