A former Meta staffer who was placed on a “Do Not Hire” and “No Entry” list after stalking and sexually harassing a fellow male co-worker was rehired by the tech company after its recruitment department was downsized, according to a lawsuit filed Tuesday.The complaint filed in New York Supreme Court accused Meta of violating New York City’s human rights law by rehiring the former staffer and subjecting the plaintiff to further harassment. The suit also claimed Meta retaliated by removing the plaintiff from ...

BlackRock CEO Larry Fink said on Tuesday investors are wrong if they think the Fed will make massive interest rate cuts later this year because the billionaire money man believes the US economy will continue to grow. Fink dismissed market predictions that rates will be slashed further through the end of year after Chairman Jerome Powell lowered them by half a percentage point two weeks ago. It was the first reduction since 2020 and a bigger-than-expected cut as Western economies emerge from the aftermath of ...

CVS Health announced that it will cut 2,900 jobs as part of a cost-cutting plan.The layoffs will mostly affect corporate positions, a CVS spokesperson told FOX Business.More than 300,000 people work for CVS across its segments, according to its website. The cuts represent 1% of the company’s workforce.The job cuts will not affect front-line jobs in CVS stores, pharmacies or distribution centers, the spokesperson said.“Our industry faces continued disruption, regulatory pressures, and evolving consumer needs ...

Hedge fund mogul Larry Robbins will meet with executives at struggling drugstore chain CVS on Monday to present a turnaround plan that the Glenview Capital founder hopes will improve the firm’s operations, according to a report.Robbins, 55, made his name with a 2012 bet on health companies that he thought would benefit from Obamacare and his fund specializes in healthcare investments. Glenview has built up a large position in CVS that represents about $700 million of Robbins’ $2.5 billion fund, according to ...

“Fortnite” maker Epic Games filed its second antitrust lawsuit against Google on Monday, accusing the search giant of illegally colluding with smartphone giant Samsung to stifle app developers.Led by CEO Tim Sweeney, Epic won a stunning antitrust victory last December after a jury determined that Google was operating illegal monopolies in its Google Play app store and the in-app billing system used by Android devices. A federal judge is expected to order sweeping changes to Google’s business practices in th ...

Netflix account cancellations soared in the days after co-founder and Chairman Reed Hastings endorsed Vice President Kamala Harris and donated millions to her presidential campaign, according to a report.Though the streaming platform usually has the lowest churn – or rate of cancellations – in the industry, its rate nearly tripled in the US after Hastings’ endorsement, according to the researcher Antenna.Scores of customers in the US canceled their Netflix subscriptions at a rate of 2.8% in July – higher th ...

The National Transportation Safety Board (NTSB) issued urgent safety recommendations on Thursday to Boeing and the Federal Aviation Administration (FAA) in response to the potential for a jammed or restricted rudder control system on some 737 Next-Generation and 737 Max 8 aircraft. The rudder controls the side-to-side movement of the nose of the aircraft, otherwise known as the yaw motion. The agency is in the midst of investigating a February incident in which the rudder pedals on a United Airlines Boeing ...

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 ...