A strike by Starbucks baristas is expanding, their union said.The strike is due to expand to more than 300 locations on Tuesday, it said.The union wants better pay and said Starbucks had not settled many unfair labor practice cases.A strike by Starbucks workers will expand to more than 300 locations on Tuesday, a union that represents the company's baristas said.Advertisement Starbucks Workers United said on Monday that walkouts by workers would reach new locations like Atlanta and Buffalo, as well as othe ...

Apple is developing smart home locks with face recognition tech.This move aligns with Apple's growing interest in the home devices market.Apple's device would compete with Google's Nest and Amazon's Ring in home security.Apple is reportedly working on bringing its facial recognition technology to home security.Advertisement The tech giant is developing a smart lock and doorbell that would allow residents to automatically open their home doors by scanning their faces, Bloomberg reported on Sunday.The report ...

Google on Friday proposed possible remedies to resolve an antitrust case over its search business.Last month, the DOJ suggested that the judge force Google to sell its Chrome browser.Judge Amit Mehta is expected to rule on the final remedies by August 2025.Google on Friday proposed limitations to its search partnerships as a potential remedy to resolve antitrust violations in its search business.Advertisement The proposal would allow Google to continue partnering with third-party companies like Apple in re ...

Core Insights - Nike's new CEO Elliott Hill aims to address three key mistakes made by the company in recent years, including being overly promotional, losing focus on sports, and damaging relationships with marketplace retailers [1][4][9] Group 1: Company Performance - Nike reported revenue of $12.4 billion for the three months ending November 30, which is an 8% decrease from the previous year [3] - The company's stock has declined over 36% in the last year, indicating significant challenges in sales performance [2] Group 2: Strategic Focus Areas - Hill emphasized the need to reduce promotional sales, which were previously at a 50/50 split between full price and promotional sales, to protect the brand and profitability of partners [4][5] - The company will concentrate on five key categories: running, basketball, training, football, and sportswear, with a renewed focus on athlete insights to drive innovation and product development [6][9] Group 3: Relationship with Retailers - Nike's shift towards direct-to-consumer sales has strained relationships with marketplace retailers, leading to reduced product allocations for major partners like Foot Locker and Dick's Sporting Goods [10][11] - Hill is prioritizing rebuilding trust with key wholesale partners, acknowledging that some feel neglected by the company [11][12]

Starbucks' largest workers' union announced that it would strike in three major cities on Friday.The Starbucks Workers United union said that stores in Los Angeles, Chicago, and Seattle would participate.The union said it was protesting Starbucks' unfair labor practices and low wages.Starbucks' largest workers union announced that it would go on strike in Los Angeles, Chicago, and Seattle, where it is headquartered, just days ahead of Christmas.Advertisement On Wednesday, the union told BI that it would st ...

Group 1 - The company has cut the number of managers, directors, and vice presidents by 10% as part of its efficiency drive [1][3][4] - The efficiency initiative has been ongoing for over two years, with a goal to increase efficiency by 20% [4] - The company has faced competition from AI rivals like OpenAI, prompting the need for these efficiency measures [5][6] Group 2 - The reduction in management roles has included transitions to individual contributor roles and some role eliminations [4] - The company has introduced generative AI features into its core businesses, including a new AI video generator and a set of Gemini models [6] - The CEO emphasized the need to update the concept of "Googleyness" to align with a modern Google [6]

Core Viewpoint - FedEx is spinning off its freight business into a new publicly traded company called FedEx Freight, allowing the company to focus on its parcel shipping services amid slowing demand in the express delivery market [1][2][3][5]. Group 1: Company Strategy - The separation of FedEx Freight from FedEx will occur over the next 18 months [1][3]. - The new company, FedEx Freight, will specialize in handling large cargo, while FedEx will continue to manage parcel shipping, which is more familiar to consumers [3]. - CEO Raj Subramaniam stated that this process aims to unlock value for the Freight business and enhance value for stockholders [4]. Group 2: Financial Performance - FedEx has reduced its profit estimates for the 2025 fiscal year, citing a "challenging demand environment" [5]. - The company reported lower-than-expected revenue and profit from FedEx Freight due to sustained weakness in US industrial production, which has negatively impacted demand in the less-than-truckload industry [5]. - Following the announcement of the spinoff, FedEx shares increased by approximately 9% in after-hours trading [3]. Group 3: Market Trends - The express delivery sector, including FedEx and its competitor UPS, has experienced decreased demand for next-day shipping as customers opt for more cost-effective slower shipping options [6].

Amazon workers at several warehouses went on strike on Thursday.The strike comes in the middle of Amazon's key holiday shopping and shipping season.Amazon said that it wasn't seeing an impact on its operations.Amazon workers at seven Amazon fulfillment centers went on strike Thursday, though the retailer said it wasn't seeing effects on its holiday delivery operations.Advertisement The workers are walking off the job after Amazon refused to bargain with them over a contract, according to a statement from t ...

Apple is looking to integrate AI in iPhones sold in China via local partnerships, Reuters reported.Regulatory barriers in China mean Apple is required to partner with domestic AI companies.Apple has faced increasing local competition in one of its key markets.Apple is in early-stage talks with Tencent and ByteDance to integrate their AI models into iPhones sold in China, Reuters reported.Advertisement The move could be a way for Apple to introduce AI to mobile devices in China after the country blocked its ...

Starbucks CEO Brian Niccol has talked about improving conditions for baristas.A potential strike at some Starbucks stores represents a test on that front for the new CEO.Niccol has made some operational changes, but Starbucks Workers United wants better pay.Starbucks CEO Brian Niccol has talked about improving working conditions for the company's baristas.Advertisement Now, as thousands of them prepare for a potential strike, Niccol faces a test of that commitment.Baristas who are part of Starbucks Workers ...