Oct 27 (Reuters) - Arena Pharmaceuticals Inc said it would lay off about 80 employees, or 35 percent of its U.S. workforce, as part of a plan to refocus its research and development priorities.
Arena said on Tuesday it would incur restructuring charges of about $3.3 million, primarily in the fourth quarter.
(Reporting by Natalie Grover in Bengaluru; Editing by Robin Paxton)
On paper, Mark Zuckerberg is Meta’s lowest-paid employee, with a $1 dollar salary and no bonus.
Southwest Airlines will limit hiring and stop flying to four airports as it copes with weak financial results and delays in getting new planes from Boeing. Both Southwest and American Airlines reported first-quarter losses Thursday. CEO Robert Jordan said the airline was reacting quickly “to address our financial underperformance," including by slowing down hiring and asking employees to take time off.
Tesla's loss of $328.3 billion this year in stock value certainly hurts. But it's only the second-largest market value loss in the S&P 500.
(Bloomberg) -- Wall Street was rattled by data that showed exactly what stock traders did not want to hear: a significant slowdown in the world’s largest economy and persistent inflation pressures.Most Read from BloombergMalaysia in Talks With Tycoons on Casino to Revive $100 Billion Forest CityBiden’s Gains Against Trump Vanish on Deep Economic Pessimism, Poll ShowsUS Economy Slows and Inflation Jumps, Damping Soft-Landing HopesZuckerberg Asks for Patience as Meta’s AI Push Spooks MarketHow to
Its adjusted quarterly loss was worse than expected despite record operating revenue fueled by strong travel demand.
This growth ETF has nicely outperformed the S&P 500 since its inception.
Dividend Kings are hard to come by, but these five stocks offer investors some great passive income opportunities.
You'll only find seven different stocks in this billionaire's portfolio, and only one of them is a "big tech" company.
With rising inflation, American consumers are increasingly turning to the Chinese e-commerce platform Temu for their shopping needs. With its enticing tagline “Shop like a billionaire,” Temu has captured 17% of the U.S. market share, posing a challenge to traditional American retailers such as Amazon.com Inc., Dollar Tree Inc. and Five Below Inc. The rise highlights the lucrative and disruptive nature of startups. Owned and operated by PDD Holdings Inc. (NASDAQ:PDD), Temu offers a wide range of
One of Capitol Hill's most-active stock traders is sending a company with well-defined competitive advantages -- that also happens to be on the verge of its first-ever stock split -- to the chopping block.