: Amgen to cut about 450 jobs in second round of layoffs this year
Amgen Inc. on Thursday said it would lay off about 450 employees, or less than 2% of its workforce, as it faces increasing pressure from drug prices and high inflation. “We made
The Margin: The Cure’s Robert Smith says Ticketmaster will offer partial refunds after fans revolt over high fees
“To Wish Impossible Things” is how concert-goers usually feel when it comes to groaning about lower ticket prices from Ticketmaster. But it’s also a song from The Cure’s 19
: GE CEO Larry Culp agrees to $10 million cut in compensation
General Electric Co. Chief Executive Larry Culp has agreed to a cut in his compensation in response to shareholder feedback, according to a regulatory filing on Thursday. “In res
In One Chart: U.S. maternal-mortality rates spiked in 2021 and the racial gap increased, new data shows
Deaths of pregnant and postpartum women in the U.S. spiked to a six-decade high in 2021, according to recently released federal data. In 2021, 1,205 U.S. women died of causes relat
Earnings Results: FedEx’s aggressive cost cuts are beating weaker demand in battle for investor sentiment
Package deliverer FedEx Corp. is targeting more than $4 billion in cost cuts in the months ahead. But investors, after pummeling the stock in Septembercatapulted it higher in after
Tutor Perini earnings ‘negatively impacted’ by legal issues, canceled work
Dive Brief: Los Angeles-based contractor Tutor Perini on Wednesday posted lower revenue and earnings for 2022 compared to the year before, as adverse legal rulings and the loss of
Los Angeles County approves local hiring PLA
Dive Brief: The Los Angeles County Board of Supervisors approved a project labor agreement that includes a first-of-its kind partnership with unions designed to bring thousands of
Biden’s 2024 budget proposal bolsters OSHA funding by 17%
Dive Brief: President Joe Biden’s proposed fiscal year 2024 budget would increase funding for OSHA by $106.4 million, or 17%, to $738.7 million. As part of the increase, the agen
Working in person isn’t worth the commute, employees say
As organizations continue to shift their pandemic-era workplace policies, many employees don’t see the point in going to the office for work, according to a March 9 report from E
Bank failures cause uncertainty for contractors
Pressure on America’s banks is fueling uncertainty in financial markets, causing concerns of a spillover to overall construction activity, according to economists. After the clos