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The company behind a global recall of sleep apnea machines said Monday it will stop selling the devices in the U.S., under a tentative agreement with regulators that could cost the manufacturer nearly $400 million. Device maker Philips has recalled more than 5 million pressurized breathing devices due to risks that their internal foam can break down over time, leading …

Major corporations in the media, retail and technology sectors have conducted mass layoffs to trim costs as they invest in AI, and after bulking up workforces during the pandemic. High interest rates are also contributing to layoffs at tech companies, in particular. A number of companies across sectors kicked off 2024 by announcing they are slashing jobs on the heels …

Walmart said its store managers can now earn up to $400,000 annually, with the company announcing on Monday that it will give $20,000 in stock grants each year to Supercenter managers. “We ask our managers to own their roles and act like owners — and now, they’ll literally be owners,” said Walmart U.S. CEO John Furner in a video posted …