Stellantis to shutter and sell proving grounds amid cost-cutting

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Carlos Tavares, chief executive officer of Stellantis NV, speaks to the media at the Stellantis auto manufacturing plant in Sochaux, France, on Thursday, Oct. 3, 2024.  Nathan Laine | Bloomberg | Getty Images DETROIT — Automaker Stellantis plans to shutter and sell its large vehicle proving grounds in Arizona at the end of this year, […]


Amazon AWS CEO: Quit if you don’t want to return to office

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One of Amazon’s top executives defended the new, controversial 5-day-per-week in-office policy on Thursday, saying those who do not support it can leave for another company. Speaking at an all-hands meeting for AWS, unit CEO Matt Garman said nine out of 10 workers he has spoken with support the new policy, which takes effect in January, according […]


Merck says experimental RSV treatment protected infants in trial

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The logo for Merck is displayed on a screen at the New York Stock Exchange on Nov. 17, 2021. Andrew Kelly | Reuters Merck on Thursday said its experimental treatment designed to protect infants from respiratory syncytial virus showed positive results in a mid- to late-stage trial, bringing the company one step closer to filing […]


Netflix shares climb after adding over 5M subscribers

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Streaming video pioneer Netflix picked up 5.1 million subscribers in the third quarter, topping Wall Street estimates by more than 1 million users, the company said in its earnings report on Thursday. Shares of Netflix were up more than 4% at $718.10 in after-hours trading. The stock closed the regular session down 2% at $687.65. Investors had expected Netflix to bring […]


The NFL is chasing a new audience to build on its explosive ratings

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Isiah Pacheco #10 of the Kansas City Chiefs runs for a one yard touchdown during the third quarter against the Philadelphia Eagles in Super Bowl LVII at State Farm Stadium on February 12, 2023 in Glendale, Arizona. Rob Carr | Getty Images Sport | Getty Images Earlier this month a well-known musician showed up at […]


Small NYC hotels exempt from hiring rules in proposed law

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Smaller, mostly non-union hotels with 100 or fewer rooms will be exempt from a key provision of a proposed law that imposes stricter licensing requirements on the hotel industry. The legislation, expected to be passed by the City Council next week, will excuse “mom and pop” hotels from a ban on contracting out for “core […]


American Behind Carlos Ghosn Escape Is Ailing in Japanese Prison, Lawyers Say

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After fleeing criminal charges in Tokyo two years ago, the former Nissan chief Carlos Ghosn waged a public campaign attacking the Japanese justice system, arguing that conditions in the country’s prisons were designed to “lead you to despair.” Now, Michael Taylor, the American who engineered Mr. Ghosn’s dramatic escape, is experiencing those harsh conditions for […]


NYC’s Third Avenue at UES leads from the retail center to a row of doctors and dentists

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The doctor’s is on Third Avenue from Bloomingdale’s North to East 79th Street. So does the dentist, veterinarian and cryotherapist in your neighborhood. Once known for sportswear, the corridor now resembles a mile-long health and fitness fair rather than a traditional shopping street. The twenty blocks along the middle-class (by Manhattan standards) spine of the […]


Estee Lauder’s earnings decline is a buying opportunity

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CNBC’s Jim Cramer said on Thursday he viewed the fall in Estee Lauder shares after the earnings as a buying opportunity and downplayed concerns about the company’s sales in the Asia Pacific region. “When China ends its lockdowns, I think the demand for these products will increase,” said the Mad Money host. “That’s why the […]


Britain Braces for Higher Rates as Bank of England Meets

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In an effort to combat rapid price rises in Britain, the Bank of England raised interest rates on Thursday, its first back-to-back increases in more than 17 years, and said it would start to shrink its enormous holdings of government and corporate bonds . Inflation is already at its fastest pace in three decades: The […]