President Donald Trump said he intended to stay out of the clash between Netflix Inc. and Paramount Skydance Corp. over Warner Bros. Discovery Inc., saying he would leave the matter to the U.S. Justice Department.

“I haven’t been involved,” Trump told NBC News in an interview. “I’ve been called by both sides. It’s the two sides, but...Read more

Target Corp.’s new chief executive officer, Michael Fiddelke, acknowledged in his first town hall that the big-box retailer has lost trust with shoppers and employees and pledged to rebuild that connection.

“We weren’t clear enough about who we are as a company,” Fiddelke told staff on Wednesday, according to a recording viewed by ...Read more

Pizza Hut is planning to close around 250 “underperforming” locations in the coming months, the chain’s parent company announced on Wednesday.

Yum Brands, which also owns Taco Bell and KFC, did not say which stores were being targeted or when the process would begin, but confirmed the closures would happen in the first half of 2026.

The ...Read more

General Motors Co. is strategizing for an inevitable economic downturn by paring down dealer inventory and maintaining a cash safety net, Chief Financial Officer Paul Jacobson said Wednesday.

Jacobson's comments to a panel of auto insiders at the Chicago Federal Reserve Bank's Detroit branch provide insight into industry leaders' expectations ...Read more

The Washington Post announced widespread layoffs on Wednesday, affecting multiple parts of the newsroom, the latest round off job losses at the nearly 150-year-old newspaper.

The paper’s staff was instructed to “stay home today” and told during a morning virtual meeting about “significant actions,” including shutting down almost the ...Read more

Julian Ocampo’s family opened their first Mexican-American restaurant in Minneapolis in 2003, following it up over the years with a chain of Los Ocampo restaurants and bars, or sister eateries, including Mr. Taco in Maplewood and Machete Cocina Mexicana in Woodbury.

With customers and workers alike fearful of being detained by federal ...Read more

Apollo Global Management’s John Zito left the audience of investors stunned.

Addressing a gathering in Toronto last fall, he said that the real threat for private capital markets wasn’t tariffs, inflation or a prolonged period of elevated interest rates. Rather, he said, “the real risk is — is software dead?”

Zito’s comments, being...Read more

My wife is quite happy for me to be the gadget hound in our family.

She’s a reluctant adopter of technology, but she’s quite happy when I introduce her to something she really loves.

Every so often she’ll stake a claim on something I’m reviewing after she sees me trying it out, which was exactly the case of my unboxing the Gyroor ...Read more

After two decades and two stints as Walt Disney Co. boss, Bob Iger finally is hanging up the reins.

Disney this week tapped 54-year-old parks chief Josh D'Amaro to succeed Iger as chief executive. The handoff is set for March 18, at the company's annual investor meeting, with Iger staying on as a senior advisor and board member until his ...Read more

India’s aviation regulator said Tuesday it found no problems with an Air India Boeing 787 plane grounded the day before following a concern with the same fuel control switches tied to a deadly June crash.

India's Directorate General of Civil Aviation said in a statement Tuesday that the switches – two toggles that pilots use to control the ...Read more

Netflix Inc. and Warner Bros. Discovery Inc. faced a skeptical Senate panel Tuesday as their executives defended their $82.7 billion media merger against lawmakers’ concerns about the proposed tie-up and its impact on streaming consumers and Hollywood workers.

“We will give consumers more content for less,” Netflix co-Chief Executive ...Read more

Once again, artificial intelligence is dominating investors’ attention in the stock market. These days, however, the focus is turning more and more toward companies that may get disrupted by the new technology rather than those who stand to profit from it.

A Goldman Sachs basket of U.S. software stocks sank 6% on Tuesday, its biggest one-day...Read more

Two years ago, the United Auto Workers launched an ambitious campaign to organize transplant auto factories in the South, planning to use the record contracts it had just achieved with the Detroit Three automakers to add up to 150,000 members to its ranks.

The Detroit union quickly collected worker signatures across several plants, and by April...Read more

Target officially has a new CEO.

Michael Fiddelke, who was named to the role in August, took over Sunday as Target Corp.’s fourth-ever chief executive. He succeeds longtime CEO Brian Cornell amid shaky financial performance and unrest in the company’s hometown.

Already, Fiddelke has been leading many of the company’s turnaround efforts. ...Read more

Amazon laid off about 16,000 employees last week, including 2,198 in the Seattle area, part of a companywide wave of cuts to the tech giant's corporate workforce.

The layoffs last week followed a round in October in which more than 14,000 employees were laid off, more than 2,300 of whom were based in the Puget Sound region.

The layoffs in ...Read more

Walt Disney Co. selected theme parks chief Josh D’Amaro to be the company’s next chief executive, culminating the most closely-watched succession drama in Hollywood.

D’Amaro, who has run the company’s pivotal parks and experiences division for six years, will be charged with steering the Burbank entertainment giant through increasingly ...Read more

T-Mobile will lay off hundreds of Washington-based employees in April, according to a recent state filing.

The Bellevue, Washington-based wireless network operator plans to permanently eliminate the jobs of 393 workers at its headquarters and other offices, per a worker adjustment and retraining notification received Monday.

The layoffs, set ...Read more

Think the real estate market is tough? Working for a real estate giant could be tougher.

The Seattle-based real estate giant Zillow terminated around 200 employees last month for failing to meet performance expectations.

The cuts coincided with widespread layoffs at several Seattle-area companies that sent shock waves through the local job ...Read more