Business

Volkswagen Announces 50,000 More Job Cuts and Plans to Halve Vehicle Lineup

FRANKFURT, GERMANY — Volkswagen Group is launching one of the biggest restructuring efforts in its history, with plans to eliminate approximately 50,000 additional jobs worldwide and reduce its vehicle lineup by about half. The German automaker’s supervisory board approved the sweeping transformation

September 4, 2026

Atlanta·Business

Atlanta Ranks No. 1 U.S. City for Hybrid Workers in New Hubble Study

Atlanta is emerging as a top destination for workers seeking flexibility, with a new Hubble study ranking the Georgia capital as the best U.S. city for hybrid work. The ranking examined more than 200 American cities and considered factors that can shape

August 30, 2026

Business

Walmart Reports Strong Quarterly Results After Receiving $2.9 Billion in Tariff Refunds

Walmart delivered strong sales and profits in its latest quarter, with results receiving a major boost from approximately $2.9 billion in tariff refunds—one of the largest amounts disclosed by a major U.S. company. The retail giant’s latest financial performance highlights how trade

August 20, 2026

Business·Career Moves

Congratulations to Awenate Cobbina on His Appointment as CEO of Michigan Central

Awenate Cobbina Named CEO of Michigan Central, Bringing Business, Policy and Detroit Experience to Innovation Hub Michigan Central has named Awenate Cobbina as its new Chief Executive Officer, placing a longtime Detroit business and civic leader at the helm of the 30-acre

August 19, 2026

Business·Sports

Lakers Set for Record $12.5 Billion Sale to Bob Iger and Josh Kushner

The Los Angeles Lakers are being sold for a record-breaking $12.5 billion to an ownership group led by former Disney CEO Bob Iger and billionaire investor Josh Kushner, marking the most expensive sports franchise transaction in history. The deal would transfer control

August 12, 2026

Business·Career Moves

From Supply Chain to Culture: Rahquel Purcell’s New Role Atop L’Oréal’s DE&I Strategy

L’Oréal has a new leader overseeing diversity, equity and inclusion across North America, and she is arriving from an unusual place: the company’s operations and transformation ranks. L’Oréal announced that Rahquel Purcell will serve as Chief Diversity, Equity & Inclusion Officer for

August 11, 2026

Business·Philanthropy

Aliko Dangote Plans to Give One-Third of His Fortune to Charity as Family Shapes His Legacy

Africa’s richest man is planning to devote a significant portion of his fortune to philanthropy, with one-third of his estate set aside for charitable causes as part of his family’s long-term succession plans. The plan involving Nigerian industrialist Aliko Dangote was disclosed

August 10, 2026

Business·Career Moves

From Fortune 500 Leadership to HBCU Leadership: Dr. Donald W. Comer Named Lane College’s 11th President

Dr. Donald W. Comer is moving from a career spent navigating the corporate world to the highest leadership position at one of Tennessee’s historic HBCUs. Lane College has formally appointed Comer as its 11th president, following his service as the institution’s interim

August 10, 2026

Business·Philanthropy

Bill Ackman Says Building Great Companies May Create More Impact Than Giving Billions Away

Billionaire investor Bill Ackman is backing Jeff Bezos’ controversial view that building and leading a successful company can create more positive impact than traditional philanthropy. Ackman has expressed agreement with the idea that exceptional business leaders can potentially have a greater impact

August 8, 2026

Business

Starlink Sets Its Sights on the Cellular Market, Taking Aim at T-Mobile, Verizon and AT&T

SpaceX’s Starlink is preparing for a major expansion into the U.S. cellular market, with plans targeting 2027 that could intensify competition with wireless giants T-Mobile, Verizon and AT&T. Starlink is moving beyond its role as a satellite internet provider and positioning itself

August 8, 2026

Business·Lifestyle

Inside the $250 Million Superyacht Amadea: How Real Estate Billionaire Abbas Sajwani Runs His Empire at Sea

At just 27 years old, Abbas Sajwani, one of the world’s youngest real estate billionaires, is redefining luxury living—and business—with the $250 million superyacht Amadea. Stretching an impressive 348 feet, the lavish vessel serves as far more than a symbol of wealth.

August 7, 2026

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