Articles by Madelaine Panganiban


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Universal Music Strikes Deal with AI Company Udio After Copyright
Universal Music settles copyright dispute with AI startup Udio, launching a new AI-powered music platform for licensed content.
General Motors Reduces EV Output, Axes 1,200 Detroit Jobs Amid
General Motors cuts 1,200 Detroit EV jobs and pauses battery production amid weak demand and policy changes.
Carter’s to Shutter 150 Stores, Lay Off 300 Workers as
Carter's will close 150 stores and cut 300 jobs by 2026 as rising tariffs drive up costs and squeeze profits.
Cameo Accuses OpenAI of Copying Brand Name in Sora’s ‘Cameo’
Cameo sues OpenAI for using its brand name in Sora's "Cameo" video feature, alleging trademark infringement and consumer confusion.
UPS Announces 48,000 Job Cuts and $3.5 Billion Cost-Saving Push
UPS cuts 48,000 jobs and closes 93 facilities in a major $3.5 billion cost-saving overhaul by 2025.
UBS Faces $400 Million Suit From Ex-Trader Tom Hayes Over
Ex-UBS trader Tom Hayes sues the bank for $400M, claiming he was made the fall guy in the Libor scandal.
Paramount to Lay Off Roughly 1,000 Employees in Sweeping Corporate
Paramount plans to cut about 1,000 jobs in a major corporate restructure following its merger with Skydance.
Disney to Pay $10 Million to Settle FTC Allegations Over
Disney channels, including ESPN and ABC, may vanish from YouTube TV by Thursday night if a new carriage deal isn't reached.
China Slaps Restrictions on European Medical Devices in Escalating Trade
China's C919 jet faces delivery delays due to U.S. export restrictions and ongoing trade tensions.
Paramount Finalizes $8 Billion Skydance Merger After Legal Roadblock
Paramount Skydance plans to keep Warner Bros. creative teams intact while merging HBO Max with Paramount+ for a streamlined operation.
Amazon’s Robotic Army Nears Majority as AI, Automation Replace Human
Amazon plans to lay off 30,000 corporate employees as it boosts AI and automation across its workforce.
Elon Musk Teases Tesla Full Self-Driving Model Upgrade Featuring ‘Big’
Tesla warns shareholders it may lose Elon Musk as CEO without approval of his $1 trillion pay plan.
Novartis Plans $23 Billion US Buildout as Pharma Faces Pressure
Novartis is acquiring U.S. biotech Avidity Biosciences for $12B to expand rare muscle disorder treatments.
Hormel Issues Massive Recall for 4.9M Pounds of Chicken Found
Hormel recalls 4.9 million pounds of frozen chicken after discovering metal fragments from a conveyor belt, urging restaurants to discard affected products.
Trump’s Trade War Escalates: 50% Copper Tariff, Pharma Tariffs Looming
Trump threatens a 10% tariff on Canadian imports after Ontario airs a Reagan-themed anti-tariff ad.
Boeing Faces New Setback as China Cuts Off Jet Shipments
Boeing workers reject the latest contract offer, extending their strike into a third month over pay and benefits.
Microsoft Slashes Jobs Across Teams, Aims to Streamline Management
Australia's ACCC has sued Microsoft for allegedly misleading 2.7 million users over AI-driven Microsoft 365 price hikes.
357,000 Bio Ionic Curling Irons Recalled After Hundreds of Burn
Over 357,000 Bio Ionic curling irons are recalled after hundreds of reported burn injuries.
FDA Suspends Milk Testing Program Due to Mass Employee Departures
Over 140,000 bottles of generic Lipitor (Atorvastatin) are recalled after failing FDA dissolution tests.
Neutrogena Issues Recall of Makeup Wipes That Tested Positive for
Neutrogena recalls makeup wipes after tests found harmful bacteria, urging consumers to stop use immediately.
Starbucks Workers in US and Canada to See 2% Salary
Starbucks baristas are voting on a potential nationwide strike amid stalled contract talks with the union.
Rivian Reaches $250 Million Settlement in Shareholder Suit Over IPO
Rivian agrees to a $250M settlement over alleged IPO price misrepresentation as it focuses on launching the R2 SUV.
Alaska Airlines and Boeing Resolve $1 Billion Suit Over Door
Boeing workers prepare to vote on a revised contract after nearly 80 days on strike, seeking better pay and benefits.
Target is testing factory-to-customer shipping to lower costs and compete
Target cuts 1,800 corporate jobs to streamline operations and boost sluggish sales.
Netflix to Open 2 Massive Entertainment Venues That Will Offer Events, Shops Themed to Its Famous Shows
Netflix's Q3 earnings test the success of its big bets on ads and gaming as revenue and investor pressure grow.
US Gas Prices Drop Below $3 for the First Time
US gas prices drop below $3 for the first time since 2024, with experts predicting even lower prices ahead.
Massive Ticketmaster Data Breach Leaks Over Half a Billion User Data; Hackers Sell Stolen Details for $500K
Ticketmaster announces new anti-scalping measures, including account bans and shutting down TradeDesk, amid FTC lawsuit.
 Amazon Shuts Down Free Shipping Sharing for Friends Outside Your
Amazon confirms AWS outage resolved after global internet disruptions affected major apps, schools, and services.
Elon Musk’s X Reveals Indian Government Ordered Block on Over
Glass Lewis urges Tesla shareholders to reject Elon Musk's $1 trillion pay package ahead of crucial November 6 vote.
South Korea Export Slump Signals Global Trade Pain From US
South Korea and the U.S. make major progress in tariff talks, with hopes to finalize a trade deal by the APEC summit.
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