03:35 AM EDT, 06/18/2024 (MT Newswires) -- Chegg ( CHGG ) said late Monday it will lay off 441 employees, or 23% of its global workforce, as part of a restructuring plan. The company expects to realize adjusted expense savings of $40 million to $50 million from the staff cuts, the shutting down of two offices outside the US and...

BEIJING (Reuters) -China has opened an anti-dumping investigation into imported pork and its by-products from the European Union, a step that appears mainly aimed at Spain, the Netherlands and Denmark, in response to curbs on its electric vehicle exports. Below are details on the probe into EU pork imports and other industries that may be subjected to similar investigations. PORK...

June 18 (Reuters) - U.S. electric vehicle (EV) maker Fisker filed for bankruptcy protection late on Monday, looking to sell its assets and restructure its debt, after succumbing to rapid cash burn to deliver its Ocean SUVs in the United States and Europe. EV makers such as Proterra, Lordstown and Electric Last Mile Solutions ( ELMSQ ) have also gone...

03:37 AM EDT, 06/18/2024 (MT Newswires) -- JELD-WEN Holding ( JELD ) said late Monday that Julie Albrecht will step down as chief financial officer, effective June 30. Samantha Stoddard, who currently serves as JELD-WEN North America CFO and head of global financial planning and analysis, will succeed Albrecht as the company's finance chief, effective July 1. Price: 13.15, Change:...