Category Archives: CNN – Business

5 mistakes to avoid if you have to lay off employees remotely
CNN

5 mistakes to avoid if you have to lay off employees remotely

How you let employees go matters for your company’s reputation. Consider Better.com’s CEO, who just fired roughly 900 employees in a very brief Zoom call and quickly faced backlash. No one will ever react positively to hearing they are terminated — whether it’s due to balance sheet problems or their own performance. So it’s incumbent…MORE

The Washington Post’s longtime editorial page editor dies at 66

The Washington Post’s longtime editorial page editor dies at 66

Fred Hiatt, The Washington Post’s longtime editorial page editor, died on Monday morning. He was 66 years old. The Post’s newsroom was informed of Hiatt’s death on Monday afternoon by publisher Fred Ryan. The Post said in its obituary that Hiatt had cardiac arrest on November 24 while visiting his daughter in New York and…MORE

2022 is when investors will finally return to value stocks. Really
John Minchillo/AP

2022 is when investors will finally return to value stocks. Really

Stop us if you’ve heard this before: Market strategists are predicting that 2022 will finally be the year when investors choose value stocks -— like banking, oil, consumer, industrial and healthcare companies — over Big Techs, such as Apple, Amazon and Facebook owner Meta. It’s been a common refrain among stock pickers for several years.…MORE

Ford delays return to office for 30,000 workers because of Covid concerns
Aaron J. Thornton/Getty Images

Ford delays return to office for 30,000 workers because of Covid concerns

Ford Motor Co. is pushing its return-to-office date to March over concerns over new Covid-19 concerns, the company said Monday. Assembly line workers returned to work in May 2020, but many office continued to work remotely due to the pandemic. Office workers were getting ready to head back to the office next month, but the…MORE

Jack in the Box is buying Del Taco for $575 million
Justin Sullivan/Getty Images

Jack in the Box is buying Del Taco for $575 million

Three years after ditching Qdoba Mexican Eats, Jack in the Box is scooping up Del Taco in a $575 million deal. The deal, which is expected to close early next year, doubles down on Jack in the Box’s success with tacos. Jack in the Box serves an eclectic array of food from burgers to egg…MORE

Kohl’s should break up or go private, activist investor demands
Luke Sharrett/Bloomberg/Getty Images

Kohl’s should break up or go private, activist investor demands

Kohl’s should spin off its online business or find a buyer to take the whole company private, an activist investor said Monday. “The public market is not appreciating Kohl’s in its current form,” Engine Capital, an activist fund, said in a letter to Kohl’s board of directors. “There is no excuse for the Board to…MORE

Dow climbs more than 600 points amid renewed volatility
Richard Drew/AP

Dow climbs more than 600 points amid renewed volatility

It’s a strong start to the week on Wall Street, where the Dow finished up more than 600 points amid a rebound from last week’s losses. The Dow finished up 1.9%, or some 647 points, while the broader S&P 500 climbed nearly 1.2%. The Nasdaq Composite, which faced the steepest selloff Friday, continued to be…MORE

OMG! LOL! BuzzFeed’s trading on the Nasdaq
Bennett Raglin/Getty Images for BuzzFeed Inc.

OMG! LOL! BuzzFeed’s trading on the Nasdaq

At Nasdaq Monday, BuzzFeed CEO Jonah Peretti — flanked by Instagram celebrity “Dude with Sign” and people holding oversized yellow “OMG” and “win” signs — rang the opening bell for BuzzFeed’s debut as a public company. Simultaneously at BuzzFeed’s headquarters in New York, an acrobatic cat performed. It was both a celebration of BuzzFeed, the…MORE

Federal regulators are investigating the Trump SPAC deal
Brandon Bell/Getty Images

Federal regulators are investigating the Trump SPAC deal

The shell company that is facilitating former President Donald Trump’s return to Wall Street disclosed Monday that federal regulators are investigating the deal. In October, Trump announced a new media venture that would “stand up to the tyranny of Big Tech.” That new entity, chaired by the former president, agreed to go public through a…MORE

SEC probes Tesla on whistleblower’s claims about solar panel defects
Spencer Platt/Getty Images

SEC probes Tesla on whistleblower’s claims about solar panel defects

Tesla is under regulatory investigation after a whistleblower alleged the company failed to properly disclose fire risks associated with solar panel defects. The investigation raises regulatory pressure on the world’s most valuable automaker, which already faces a federal safety probe into accidents involving its driver assistant systems. Concerns about fires from Tesla solar systems have…MORE