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Rent the Runway to Reduce Workforce as More Customers Pause Their Subscriptions

Rent the Runway to Reduce Workforce as More Customers Pause Their Subscriptions

Listen to article (2 minutes) Rent the Runway said it would reduce its corporate workforce by 24%, primarily through layoffs, as the fashion-rental service adjusts to a slowdown in consumer spending and shifts from shopping habits adopted earlier in the pandemic. The New York company on Monday didn’t specify the total number of jobs affected. …

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Ryan Cohen's Bed Bath & Beyond Stock Sales Highlight Gray Area in Disclosure

Ryan Cohen’s Bed Bath & Beyond Stock Sales Highlight Gray Area in Disclosure

WASHINGTON—Investor Ryan Cohen might have run afoul of disclosure guidelines in his surprise sale of Bed Bath & Beyond stock this month, securities lawyers said, but regulatory action against him appears unlikely. Mr. Cohen sold his entire stake in the home-goods retailer on Aug. 16 and 17, just months after he took a significant position …

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FedEx Sues Ground Contractor, Cancels His Routes

FedEx Sues Ground Contractor, Cancels His Routes

FedEx sued one of its largest delivery contractors in the US and canceled his routes, saying the businessman has orchestrated a campaign to promote his own consulting firm by disparaging the delivery giant. Spencer Patton, a FedEx contractor based in Brentwood, Tenn., recently hosted a conference for FedEx contractors and has posted videos on YouTube …

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