Several Republicans are preparing to enter the race for US House speaker as Trump loyalist Jim Jordan’s bid unravels amid objections to his hardball tactics and deep divisions within the party.
Seafood restaurant chain Red Lobster Management LLC brought in AlixPartners for operational advice as it seeks to address mounting losses, according to people with knowledge of the situation.
OpenAI is in talks to sell existing employees’ shares at an $86 billion valuation, according to people with knowledge of the matter.
UK Prime Minister Rishi Sunak on Wednesday evening headed to Israel on a two-day visit to the wider region as part of a procession of foreign leaders visiting the country in an effort to prevent the conflict from widening.
Convoy Inc., a Seattle-based trucking startup whose investors include Jeff Bezos and Bill Gates, will slash hundreds of jobs in the coming days as it prepares to woo prospective buyers, according to a person familiar with the matter.
Delta Air Lines Inc. is rolling back some of the widespread and unpopular changes to its SkyMiles loyalty program, trimming the increase in requirements for various status levels and adding access to its airport lounges. But the shift to using cash spent, not miles flown, in calculating rewards remains in place.
Alcoa Corp. the largest US aluminum producer, said it initiated job cuts at an Australian alumina refinery amid a glut of the raw material, which is used to make aluminum.
Zions Bancorp slumped after the regional lender reported soaring deposit costs, as elevated interest rates force banks to pay up for customer funds.
Lam Research Corp. fell as much as 3.8% in late trading after revenue fell for a third straight quarter, a sign demand for chipmaking equipment remains sluggish.
The wife of US Senator Bob Menendez pleaded not guilty to revised federal charges that accuse her of conspiring with her husband and a businessman to act as a foreign agent of Egypt, as well as receiving hundreds of thousands dollars in bribes.
