MICHELLE CHAPMAN AP Business Writer - Page 1

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Amazon cutting several hundred positions across Prime Video and MGM Studios unit

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A note to employees said that the company is boosting investment in areas with the most impact, while stepping back from others. Amazon is...

Kroger and Albertsons sell hundreds of stores in a bid to clear merger of the 2 largest US groceries

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The grocery chains say they must merge to compete with Walmart, Amazon and other major companies that have stepped into the grocery business. WASHINGTON...

The New York Times disbands sports department and will rely on coverage from The Athletic

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No layoffs are planned at the Times, with the affected journalists moving to other roles in the newsroom. NEW YORK — The New York...

Union calls on 3,500 Starbucks workers to strike over Pride displays

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Starbucks Workers United said Friday that 3,500 workers will be on strike over the next week, starting with the flagship location in Seattle. SEATTLE...

Olive Garden owner buys Ruth's Chris Steak House

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The Darden chain restaurant empire is expanding. WINTER PARK, Fla. — The Ruth’s Chris Steak House chain is being acquired by Darden Restaurants for...

UFC, WWE combine to form $21.4B sports entertainment company

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The companies also announced who will lead the new business. WWE and the company that runs Ultimate Fighting Championship will combine to create a...

T-Mobile acquires Mint, partially owned by Ryan Reynolds

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Reynolds, who appears in many of Mint Mobile's commercials, plans to stay with the company after the merger. WASHINGTON — Mint Mobile, partly owned...

WWE leaning in to social media ahead of possible sale

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The $6.5 billion sports entertainment company's presence online is already broad and it does not appear to be slowing down. WASHINGTON — WWE, an...

Hyundai, Kia update security after TikTok challenge thefts

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About 3.8 million Hyundais and 4.5 million Kias are eligible for the free software updates. Hyundai and Kia are rolling out software updates to...

Apple CEO Tim Cook to take more than 40% pay cut

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Cook has received a $3 million base salary for the past three years, but his total compensation for leading Apple was $99.4 million in 2022....
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