Starbucks will no longer sell an Italian brand of baked goods at most of its high-end cafes — scrapping the beloved label introduced by the company’s former CEO Howard Schultz.The Seattle-based coffee chain will phase out the Princi line of pastries and other baked goods from menus at its eight Roastery and Reserve locations in the US and China, according to an internal memo obtained by Bloomberg News.There was no timeline given for the phase-out, which was decided by the company before Brian Niccol took ov ...

Disney is reportedly eliminating 300 corporate jobs this week — the latest round in a broad cost-cutting initiative by Chief Executive Bob Iger.The job cuts — which began Wednesday and will continue Thursday and possibly Friday, according to a Deadline report — affect positions in the US and impact the Mouse House’s corporate operations, according to the entertainment news outlet.Affected departments include human resources, legal, finance and communications. Since returning to Disney as CEO in 2022, Bob Ig ...

Meta Platforms announced a new entry-level version of its Quest line of mixed-reality headsets and a slew of software enhancements to the AI assistant that has driven interest in the Ray-Ban Meta smart glasses as it kicked off its annual Connect conference at its California headquarters on Wednesday.Set to hit shelves on Oct. 15, the Quest 3S will be offered in two storage capacity sizes, the smaller one priced at $299.99 and the other at $399.99.With the launch, the company is discontinuing its older Quest ...

Google paid $2.7 billion to rehire an artificial intelligence genius who left the tech giant in a huff three years ago to found his own startup, according to a report.Noam Shazeer, a 48-year-old software engineer who was first hired by Google as one of its first few hundred employees back in 2000, left the company in 2021 after it refused his request to release a chat bot that he had developed with a colleague, Daniel De Freitas.Shazeer and De Freitas went on to found Character.AI, which grew to become one ...

Hundreds of employees at Amazon’s corporate offices have expressed their displeasure over CEO Andy Jassy’s directive for them to return to the office five days a week beginning early next year, according to a report.A survey that has been circulated internally among Amazonians finds that the average employee at the company is “strongly dissatisfied” with the return-to-office edict, according to Fortune.The survey was created by Amazon employees who then shared it to at least 30,000 members who logged into a ...

Google will be tied up in court for “many years” as it attempts to avoid a crackdown in a pair of major federal antitrust cases targeting its business model, CEO Sundar Pichai admitted in a new interview.US District Judge Amit Mehta ruled in August that Google operates an illegal monopoly over online search, where it controls a 90% share of the market. The case is currently in the remedy phase, with Mehta expected to decide on a punishment by next summer.When asked about the judge’s verdict during an upcomi ...

A Johnson & Johnson subsidiary filed for bankruptcy protection for the third time in an effort to resolve the tens of thousands of lawsuits claiming its baby powder and other talc products caused cancer.Red River Talc LLC filed a voluntary prepackaged Chapter 11 bankruptcy case in the U.S. Bankruptcy Court for the Southern District of Texas to end all current and future claims related to ovarian cancer arising from its products. Under its latest settlement proposal, Red River agreed to pay $8 billion to cla ...

Boeing upped its wage proposal to thousands of striking workers on Monday, offering a 30% general wage increase over four years in what it called its “best and final” offer as the strike drags on.The planemaker is also offering to reinstate a performance bonus, improve retirement and double a ratification bonus to $6,000, if the workers accept by Friday.The Seattle-area Boeing workers who build the planemaker’s strongest-selling 737 MAX jet and other planes assembled in its Washington state factories went o ...

European Union regulators are reportedly preparing to put Google on notice that it must make changes to its dominant search engine or face massive fines.The EU watchdogs are prepping a “formal chargesheet” that is focused on how Google displays links to its competitors within embedded search services like Google Flights or Google Hotels, Bloomberg reported, citing people familiar with the matter.Antitrust officials could announce its preliminary move by the end of October – though the timeline could be dela ...

Boeing said Friday the head of the company’s troubled defense, space and security unit is leaving the planemaker effective immediately.New Boeing CEO Kelly Ortberg in his first significant move since taking over in August, said Ted Colbert would be leaving and Steve Parker, the unit’s chief operating officer, would assume Colbert’s responsibilities until a replacement is named at a later date.Boeing’s space business has suffered setbacks, notably NASA’s recent decision to send Boeing’s Starliner capsule hom ...