Barclays bank cut 5,000 jobs in cost-saving drive
The reduction is much higher than previously reported and a quarter of the cuts will take place in the UK.
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Column: A new initiative by Biden that might finally bring drug prices down
The most frustrating thing about America’s failure to rein in drug prices is that a weapon against Big Pharma’s profiteering has been hiding in plain sight — and never used — for more than 40 years. But it’s now being unsheathed by the Biden White House. We’re talking about a provision of the Bayh-Dole Act…
Facebook Is Suing Two Developers It Says Sold Fake Likes And Scraped User Data
Facebook is suing two developers and a Spanish company it alleges sold software that delivered fake likes and comments on Instagram, and unlawfully scraped user data from Facebook. Facebook filed separate lawsuits in Spain and California today against Mohammad Zaghar, a Moroccan developer, and Marcos Gómez Platón, a Spanish developer, and his company MGP25 Cyberint…
Labor regulators seek to force Starbucks to reopen six L.A. stores
Federal labor regulators are looking to force Starbucks to reopen six Los Angeles-area Starbucks stores and 17 other locations that were closed across the country in 2022 in a move that was allegedly done to suppress union organizing. The complaint filed by the National Labor Relations Board accused Starbucks of closing stores where workers had…
The Messenger is counting on a sudden and dramatic advertising turnaround to survive
Screenshot of the TheMessenger website. Source: TheMessenger The Messenger, the struggling news media startup co-founded by publishing veteran Jimmy Finkelstein, is urging potential investors to make a long-shot bet on a dramatic rebound in advertising this year. The company is attempting to stop the cash burn that has put it in jeopardy. CNBC has obtained…
More money is helping the IRS. Republicans still want to cut its budget.
Comment on this storyComment Add to your saved stories Save President Biden and Democrats in Congress turbocharged the Internal Revenue Service in 2022, handing the tax collector tens of billions of dollars to modernize and train a harder gaze on high-income earners and major corporations. Not even two years later, Republicans in Congress have succeeded…
How the Biden administration is doing on its goal of getting more loans to minority small business owners
Maskot | Digitalvision | Getty Images The United States has experienced a small business boom in recent years, and people of color are a large part of that success, making progress on historical underrepresentation of Black and brown entrepreneurs in America. From 2010 to 2020, the minority population grew from 36.3% to 42.4%, but the…
