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Business

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Meta plans first job cuts in May, more layoffs expected later
Meta plans first job cuts in May, more layoffs expected later

NEW YORK CITY/SAN FRANCISCO: Meta Platforms is set to begin a major round of layoffs on May 20 as part of a broader restructuring tied...

Apple, Huawei defy slowdown as China smartphone sales fall
Apple, Huawei defy slowdown as China smartphone sales fall

BEIJING, China: Apple recorded a sharp rise in iPhone shipments in China in the first quarter, outperforming rivals even as the broader...

Fed probe intensifies as Trump threatens to fire Powell
Fed probe intensifies as Trump threatens to fire Powell

WASHINGTON, D.C.: A federal investigation into the Federal Reserve's US$2.5 billion headquarters renovation intensified this week after...

Investors rattle as Netflix co-founder Hastings steps down
Investors rattle as Netflix co-founder Hastings steps down

LOS ANGELES, California: Netflix shares fell sharply in premarket trading after co-founder and chairman Reed Hastings announced he...

Rubber glove makers warn of shortages amid rising input costs
Rubber glove makers warn of shortages amid rising input costs

SINGAPORE/KUALA LUMPUR: A sharp rise in raw material costs, triggered by the war in Iran, is pushing up global rubber glove prices...

Dow Jones surges 869 points on Strait of Hormuz opening
Dow Jones surges 869 points on Strait of Hormuz opening

NEW YORK, New York - U.S. stocks shot higher on Friday, with major indices notching up record highs intra-day and at the close. Earlier...

Illinois

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Proposed United-American merger faces major regulatory hurdles
Proposed United-American merger faces major regulatory hurdles

WASHINGTON, D.C.: A proposed tie-up between United Airlines and American Airlines could dramatically reshape the U.S. aviation sector,...

Astros place OF Joey Loperfido (quad) on injured list
Astros place OF Joey Loperfido (quad) on injured list

(Photo credit: Stephen Brashear-Imagn Images) The Houston Astros placed outfielder Joey Loperfido on the injured list with a right...

A's, White Sox wrap up power-fueled series
A's, White Sox wrap up power-fueled series

(Photo credit: Scott Marshall-Imagn Images) Reigning American League Rookie of the Year Nick Kurtz is looking to escape the sophomore...

Skidding Mets make pitching change ahead of series finale vs. Cubs
Skidding Mets make pitching change ahead of series finale vs. Cubs

(Photo credit: Kirby Lee-Imagn Images) A year ago, New York Mets left-hander David Peterson was in the midst of a first-half breakout...

Banged-up Astros try end skid against Cardinals
Banged-up Astros try end skid against Cardinals

(Photo credit: Troy Taormina-Imagn Images) The injuries continue to add up for the Houston Astros, who lost outfielder Joey Loperfido...

With bullpens taxed, Rays, Pirates hope starters can go deep
With bullpens taxed, Rays, Pirates hope starters can go deep

(Photo credit: Nathan Ray Seebeck-Imagn Images) With exhausted bullpens following Saturday's six-hour, 39-minute, 13-inning marathon...