Blackberry announced Friday afternoon that it will cut 4,500 jobs in the face of nearly $1 billion in expected losses, the latest indicator of the smartphone company’s decline amid competition from market leaders like Samsung and Apple.
The company stock plunged more than 20 percent in intraday trading before ticking up.
In a …
The casual dining chains Olive Garden and Red Lobster saw sales drop despite upticks in the economy, an indication that consumers are still wary of spending their money.
The casual dining industry as a whole faced its lowest quarterly sales in more than three years, Brad Richmond, the chief financial officer of Darden Restaurants, …
Uber, Lyft, Sidecar and other such services will have to comply with safety, insurance and licensing requirements.
Big brick-and-mortar retailers know that everybody is using smartphones when shopping in their stores. And they’re (mostly) cool with it. For one thing, they don’t have much choice in the matter. For another, they’re embracing …
Aerospace giant Boeing is planning to shut down a historic manufacturing facility in Long Beach, California, a vestige of a golden era in aviation when manufacturing jobs fueled the state’s middle class
We are living through what one transportation expert calls a “renaissance in tolling.” What that means for American drivers is that they’ll face higher and higher tolls on roads, and more toll roads period.
It’s getting more difficult to return stuff, even at stores renowned for their phenomenally generous, no-questions-asked return policies. You can thank the few bad apples who have habitually abused return policies for that.
The fifth installment of the series is on par to become the highest-grossing video game in its debut
Bold project, to be led by biotech pioneer Arthur Levinson, will tackle’s some of health care’s biggest problems
Housing starts rose 0.9 percent in August
What, you’ve never heard of Frute Brute and Fruity Yummy Mummy? To a certain population that grew up in the 1970s and ’80s, the return of these cult-favorite monster-themed cereals—in vintage form, no less—is bringing on a high on par with eating two bowls of sugar cereal while Saturday morning cartoons blare on the TV.
Every new editor of TIME gets the chance to reimagine it, and there has never been a more exciting time to do that.
