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Steven Madden to slash sourcing from China on tariff worries under Trump

Stephen Madden executives said Thursday that the shoe maker is working quickly to shift product sourcing from China to other countries in the wake of Donald Trump's presidential election victory. President Trump said in February that if he takes office, he would reimpose tariffs on China that could exceed 60% and place a huge burden […]

Denny’s to close 150 restaurants, slash hours, menu items amid inflation woes

Denny's is slimming down. The budget-friendly, belly-busting chain will close 150 underperforming restaurants, reduce hours and cut its vast menu over the next year as financially-strapped diners cut back on spending. The company announced on Tuesday that this is the plan. Denny's, which has about 1,500 stores nationwide, plans to close 50 by the end […]

Boeing to Slash 17,000 Jobs amid Financial Losses and Machinist Strike

Aircraft maker Boeing is preparing to make significant cuts to its workforce due to strikes and safety issues with its planes. The company plans to cut 10 percent of its workforce, or about 17,000 people, CNBC reported on friday. The move comes “as the company's losses widen and a machinists' strike that has kept aircraft […]

CVS to slash 2,900 jobs

See what's being clicked on FoxBusiness.com. CVS Health announced it will cut 2,900 jobs as part of a cost-cutting plan. A CVS spokesperson told FOX Business that the layoffs primarily impact the company's standing. According to the CVS website, CVS employs more than 300,000 people across its divisions. The layoffs represent 1% of the company's […]

Shiba Inu to Burn Big? Plan to Slash SHIB Supply Teased by Shiba Inu Executive – U.Today

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Kroger to slash grocery prices by $1B after Albertsons acquisition

Grocery giant Kroger has pledged to slash prices at Albertsons stores by $1 billion following a proposed takeover of rival chain Albertsons, but Wall Street is increasingly skeptical the deal will win government approval as food inflation continues to rattle U.S. politics. Kroger is upping the ante on the $25 billion megadeal after promising to […]