McDonald's Corp., battered by price wars and struggling to revive its U.S. burger business, said it will cut layers of managers as part of a half-billion-dollar plan to shrink administrative expenses by the end of next year.
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A U.S. safety investigation into a fatal crash in March involving Tesla Inc.'s TSLA -1.07% driver-assistance feature confirmed that the driver's hands weren't on the wheel in the seconds before the collision while also showing the vehicle sped up just …
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It may be time for Starbucks Corp. SBUX 2.68% to put the brakes on new-store openings. Starbucks has opened more than 2,000 new cafes in the U.S.
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Telecommunications services provider Sprint announced Thursday a new $15 monthly unlimited plan that will launch Friday. The company calls it the âUnlimited Kickstartâ plan and it seems designed to attract both first-time users, as well as to convert …
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Update: Following the publication of this article, Feinberg made clear that he is staying at Geisinger Health. David Feinberg, the CEO of Pennsylvania-based health system Geisinger Health System, has told CNBC that he will remain with the firm …
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