H&M to Lay Off 1,500 Staff to Stem Rising Costs 

Fast-fashion giant is latest retailer to announce job cuts amid high inflation

GM's Cruise Seeks Regulatory OK to Test Shuttle With No Steering Wheel 

The driverless-car firm is seeking permission from the California DMV to deploy its Origin shuttles on public roads as test vehicles on San Francisco streets.

DoorDash Cuts Staff by 1,250 to Rein in Costs 

The food-delivery company's operating expenses grew too fast, its CEO said.

Petco Shares Rise as Quarterly Sales Tick Up 

Shares of Petco Health and Wellness rose after the company reported higher third-quarter sales and earnings that met analyst expectations.

Volkswagen, Honda Suspend Production at China Plants Due to Covid-19 Curbs 

The production halts underscore how supply-chain disruptions are bubbling up yet again in China.

Honda Plans New Autonomous Features but Sees Long Road Ahead to Self-Driving Cars 

The auto maker said it would focus for now on partially autonomous driving technology to improve safety, joining others that say fully self-driving cars aren't ready for prime time.

Hormel's Revenue Slips 5% on Fewer Turkey Sales 

The company's refrigerated-foods business saw volumes drop 19% without the benefit of an additional week in last year's fiscal fourth quarter.

Early Alameda Staffers Quit Over Risk, Compliance Concerns 

"We ended up not really knowing how much money we even had," one former employee said.

Twitter's Former Trust and Safety Chief Says He Left When System of Governance Went Away 

Yoel Roth said he departed following the botched launch of the upgraded Twitter Blue subscription program after Elon Musk ignored his team's warnings about the rollout.

Amazon Is Signaling its India Fatigue 

Closing small subsidiaries doesn't at first look like a major defeat. But the exit from wholesale e-commerce means, for now at least, Amazon is conceding to Walmart-backed Flipkart and Reliance in 'kirana-tech.'


(END) Dow Jones Newswires

November 30, 2022 11:15 ET (16:15 GMT)

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