Uber to lay off 3,700 workers and CEO to waive salary
NEW YORK (AP) — Uber is cutting 3,700 full-time workers, about 14% of its workforce, and its CEO will give up his base salary with the nation largely still in lockdown.The San Francisco company said Wednesday that the layoffs and related costs like severance will...
With factories dark, GM profit slumps 88%; 2Q likely worse
DETROIT (AP) — General Motors’ first-quarter net income fell 88%, but it still managed to make $247 million despite the arrival of the global coronavirus pandemic.U.S. automakers suspended production in much of the world in late March. For GM, that clipped...Dallas salon owner jailed for defying virus shutdown order
DALLAS (AP) — Texas’ Republican governor and top law enforcement officer on Wednesday came to the defense of a Dallas hair salon owner who was jailed for keeping her business open in defiance of the governor’s restrictions meant to slow the spread of the...
Rush to fill medicine cabinets ahead of outbreak fuels CVS
A rush to fill medicine cabinets and pantries ahead of the rapidly spreading COVID-19 pandemic helped fuel a surging first-quarter profit for CVS Health. The outbreak also lifted the health care giant’s insurance business because patients delayed or cancelled some...