Biologic drugmaker Amgen plans to lay off 12 percent to 15 percent of its worldwide workforce and close sites in Colorado and Washington state to fund investments, particularly launching new drugs.
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Leadership Lessons From Silicon Valley
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Every company may have a different leadership culture, but some patterns of behavior inspire people to perform and make a huge difference in the outcome. Here are some real-world lessons from deep in the trenches of high-tech America, Silicon Valley, and beyond.
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Can Connecting Your Car to Your Smartphone Save Money on Gas?
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Internet-of-Things startup Automatic says its device can help drivers save up as much as a third of their annual gas budget.
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Metropolitan Museum of Art's president retiring
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The president of the Metropolitan Museum of Art, one of the largest art museums in the world, on Tuesday announced her retirement.
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City: Emails show 'cozy' ties of PG&E, regulator
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Top California regulators communicated often and enthusiastically with executives at Pacific Gas & Electric Co., even offering unsolicited advice on handling the media while they presided over a case to decide how much the utility should pay for a deadly explosion in a San Francisco Bay Area suburb, according to a trove of emails released Monday.
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Expansion to add 214 auto-parts jobs in Ohio
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Expansion of an auto-parts manufacturing operation is expected to add 214 jobs in the southwest Ohio city of Hamilton.
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Darden CEO to step down amid Olive Garden troubles
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Darden Restaurants says CEO and chairman Clarence Otis is stepping down as the company fights to fix its flagship Olive Garden chain following the sale of Red Lobster.
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Business Highlights
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___ US companies increasingly fish for growth overseas SAN FRANCISCO (AP) — Major U.S. companies are starting to reap their most rapid growth in fertile lands of opportunity far from home.
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Yes, He Breaks in Baseball Gloves for a Living
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Today’s Salute to American Success goes to Dave Katz, owner of Meriden, Conn.-based Katz Gloves. Katz breaks in baseball gloves for a living. That’s right – breaks in baseball gloves – for a living.
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Idaho officials: Prison takeover had 'challenges'
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Idaho prison officials say they had to have thousands of dollars’ worth of medications shipped overnight to the state’s largest prison after the former operator, Corrections Corporation of America, left the facility without a promised eight-day supply of inmate drugs.