Amazon is mandating that corporate workers return to the office five days a week, CEO Andy Jassy said in a note on Monday.The return-to-office mandate is a sharp change from its current hybrid policy, which requires employees to work from the office at least three days a week. Amazon employees will have until Jan. 2 to switch to the new policy. 3 CEO Andy Jassy detailed the return-to-office mandate in a note Monday. Charles Wenzelberg / New York PostAmazon will also be streamlining its corporate structure ...

Boeing said it is freezing hiring and weighing temporary furloughs in the coming weeks to manage costs as a strike by more than 30,000 Boeing workers who build planes in factories on the West Coast stretched into its fourth day on Monday.“I know that these actions will create some uncertainty and concern,” Boeing CFO Brian West wrote in a letter to employees shared on Monday. “This strike jeopardizes our recovery in a significant way and we must take necessary actions to preserve cash and safeguard our shar ...

Shares of Apple fell nearly 3% on Monday after several analysts said that delivery times for the new iPhone 16 Pro models indicated weaker-than-expected demand, possibly due to the delayed rollout of key artificial intelligence features.Apple last week unveiled its long-awaited iPhone 16 series designed around its AI software, Apple Intelligence.Early pre-order data from BofA Global Research revealed shorter global shipping times for the iPhone 16 Pro models compared to last year’s 15 Pro models, as of Mond ...

A growing number of Wall Street analysts have issued warnings about a potential Google breakup as the Big Tech giant tries to wriggle out of a pair of major federal antitrust lawsuits that could devastate its business model.The Justice Department is seeking a forced selloff of Google’s digital advertising business in an antitrust case that kicked off last week in Virginia federal court. Separately, a federal judge will consider a potential breakup after ruling last month that Google operates an illegal mono ...

A US agency has ordered Starbucks to reopen two stores in Ithaca, NY after a labor judge ruled that the Seattle-based coffee giant illegally shut down the locations last year in order to “chill unionism.”Geoffrey Carter, an administrative law judge with the National Labor Relations Board, ruled on Friday that Starbucks “violated the National Labor Relations Act” by “permanently closing its two remaining stores in Ithaca … for antiunion reasons” while “failing and refusing to bargain with Workers United.”Sta ...

A strike beginning Friday by more than 30,000 of Boeing’s West Coast factory workers will make it harder for the planemaker to meet a 737 MAX production target and stabilize its supply chain, CFO Brian West said Friday.West also told the Morgan Stanley Laguna Conference he expects third-quarter margins from the company’s defense and space unit to be negative, similar to those in the second quarter.Boeing shares slid 4% on Friday. 3 Boeing factory workers gather on a picket line during the first day of a s ...

Boeing’s US West Coast factory workers will walk off the job after 96% voted on Thursday in favor of a strike, halting production of the planemaker’s strongest-selling jet as it wrestles with chronic output delays and mounting debt.The workers’ first strike since 2008 will start at midnight Pacific time on Friday. This comes just weeks after new CEO Kelly Ortberg was brought on in August to restore faith in the planemaker after a door panel blew off a near-new 737 MAX jet in mid-air in January. 3 Internat ...

McDonald’s will be extending its fan-favorite $5 Meal Deal at most of its US locations through the end of the year as cash-strapped customers continue to grapple with inflation.Franchisees were given the option to vote on whether to extend the value meal and about 80% of US markets voted to keep it through the end of December, according to CNBC. Not all of the votes have been completed, so more locations may opt to extend the deal during the next few weeks, the outlet said. 3 McDonald’s will be extending ...

A Google executive boasted to co-workers  the goal for the company’s budding online advertising business in 2009 was to “crush” rivals in the digital ad market, according to evidence presented Wednesday at the blockbuster federal antitrust trial targeting against the tech titan.The Justice Department highlighted remarks made by David Rosenblatt, Google’s former president of display advertising, during the third day of the non-jury trial that alleges Google abused its control of digital market technology to ...

The maker of John Deere tractors has agreed to pay a $10 million penalty to the US government to settle charges that it lavished Thailand government officials with extravagant trips and visits to massage parlors — bribes that netted its subsidiary more than $4 million in profit. Deere & Co. came to an agreement on Tuesday with the Securities and Exchange Commission, which charged the company with violating the US Foreign Corrupt Practices Act. The Moline, Ill.-based company did not admit to any wrongdoing n ...