SANTA FE, N.M. — An effort to modernize state oversight of a thriving petroleum industry in the nation’s No. 2 state for oil production advanced past its first committee vetting Thursday at the New Mexico Legislature. The bill would rewrite portions of the state’s 1930s-era Oil and Gas Act in order to help regulators keep…
NEW YORK — Denim giant Levi Strauss & Co. said Thursday that it’s slashing its global corporate workforce by 10% to 15% in the first half of the year as part of a two-year restructuring plan that seeks to cut costs and simplify its operations. The company employed about 19,100 people as of the end…
FTC launches inquiry into how big tech companies such as Microsoft, Amazon and Google are holding sway over AI startups
MILAN — Italian Premier Giorgia Meloni slammed carmaker Stellantis, accusing it of weakening Italy’s industrial footprint since the merger of FiatChrysler and PSA Peugeot that created the world’s fourth largest auto maker. As one of Italy’s top private sector employers, Fiat and its successors, FiatChrysler and then Stellantis, have always gotten government attention, but rarely…
NEW YORK — NEW YORK (AP) — Microsoft is laying off about 1,900 employees in its gaming division, according to an internal company memo, just over three months since the tech giant completed its $69 billion purchase of video game maker Activision Blizzard. The job cuts represent about an 8% reduction of Microsoft’s 22,000-person gaming…
Boeing 737 Max 9 jetliners will carry passengers in the United States again, starting this weekend, for the first time since they were grounded after a panel blew out of the side of one of the planes. Alaska Airlines plans to resume flights with its Max 9s on Friday, and United aims to follow suit…
U.S. stocks closed higher following signals that the economy is growing more powerfully than economists expected
U.S. antitrust enforcers are opening an inquiry into the relationships between leading artificial intelligence startups such as ChatGPT-maker OpenAI and the tech giants that have invested billions of dollars into them. The action targets Amazon, Google and Microsoft and their sway over the generative AI boom that’s fueled demand for chatbots such as ChatGPT, and…
DAYTONA BEACH, Fla. — Jenson Button, so entrenched in his preparation for the Rolex 24 at Daytona, seemed to miss the news that Red Bull’s junior Formula One team had been rebranded. After climbing off the timing stand Friday at Daytona International Speedway, he was asked his thoughts on the team known as AlphaTauri the…
TRENTON, N.J. — Dawn Ericksen was struggling with an opioid addiction a dozen years ago when she got pregnant and realized she couldn’t keep herself safe, much less a baby. Working part-time, she couldn’t afford the hundreds of dollars she would need for an abortion and had to turn to a trusted friend to help…
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