companies

China’s Zhengzhou, home to the world’s largest iPhone factory, ends the Covid lockdown

Hong Kong CNN Business — The central Chinese city of Zhengzhou, home to the world’s largest iPhone factory, has lifted a five-day Covid lockdown, in a move that analysts have called a much-needed relief for Apple and its main supplier Foxconn. Zhengzhou is the site of “iPhone City,” a sprawling manufacturing campus owned by Taiwanese …

China’s Zhengzhou, home to the world’s largest iPhone factory, ends the Covid lockdown Read More »

Snap demands employees work in the office 80% of the time starting early next year

CNN Business — Snapchat’s parent company is asking workers to return to the office 80% of the time, or the equivalent of four days a week, beginning early next year, in the latest sign of tech employees receiving less flexibility nearly three years after the pandemic took hold and amid a wave of industry cost …

Snap demands employees work in the office 80% of the time starting early next year Read More »

Twitter is no longer enforcing its Covid misinformation policy

New York CNN Business — Twitter said it will no longer enforce its longstanding Covid misinformation policy, yet another sign of how Elon Musk plans to transform the social media company he bought a month ago. In 2020, Twitter developed an extensive set of rules that sought to prohibit “harmful misinformation” about the virus and …

Twitter is no longer enforcing its Covid misinformation policy Read More »

Bob Iger lays out his priorities for Disney as he returns as CEO

New York CNN Business — Bob Iger was back at Disney headquarters on Monday to meet with employees for the first time since surprising the media world by returning as the company’s CEO last week. Iger discussed multiple issues facing the company including Disney’s current hiring freeze and what he plans to focus on when …

Bob Iger lays out his priorities for Disney as he returns as CEO Read More »

Bob Iger says Disney hiring freeze will stay in place as he returns as CEO

New York CNN Business — Bob Iger told Disney employees on Monday that the hiring freeze would remain in place at the company as he returns to his role as CEO. Iger — who stunned the media world when he said last week he would once again become Disney’s top executive — informed employees during …

Bob Iger says Disney hiring freeze will stay in place as he returns as CEO Read More »

Online Black Friday sales set a new record

New York CNN Business — Online Black Friday sales in the United States topped a record-breaking $9.12 billion this year, according to Adobe Analytics, kicking off a solid start to the holiday shopping season despite inflation and other economic concerns. Adobe, which tracks sales on retailer websites, said that this year’s Black Friday online sales …

Online Black Friday sales set a new record Read More »

Barclays CEO CS Venkatakrishnan says he has cancer but will continue to run the bank

London CNN Business — The CEO of Barclays said Monday that he has been diagnosed with cancer. CS Venkatakrishnan, who is known as Venkat at the bank, said in a note to colleagues that he will begin undergoing treatment for Non-Hodgkin lymphoma at Memorial Sloan Kettering Cancer Center in New York. “The good news is …

Barclays CEO CS Venkatakrishnan says he has cancer but will continue to run the bank Read More »

Odell Beckham Jr. removed from Miami flight after refusing to comply with safety protocol, police say

CNN — NFL free agent wide receiver Odell Beckham Jr. was removed from a Los Angeles-bound American Airlines flight Sunday morning at Miami International Airport after refusing to comply with safety protocol, according to a statement from the Miami-Dade Police Department. Officers were notified of a medical emergency on an American Airlines flight around 9:30 …

Odell Beckham Jr. removed from Miami flight after refusing to comply with safety protocol, police say Read More »

Disney pulled some funky tricks to make Disney Plus look like it’s losing less money

Image: Disney Disney continues to shake—for an “unkillable, multi-billion-dollar leviathan” definition of shaking, at least—in the aftermath of it recent big surprise Bob Swapwith former CEO Bob Iger stepping in to take control of the company back from his successor, Bob Chapek, after the company’s board asked Chapek to resign from his leadership position last …

Disney pulled some funky tricks to make Disney Plus look like it’s losing less money Read More »