- Intel Corporation to cut 20% of employees.
- “Intel Corp. (INTC) is poised to announce plans this week to cut more than 20% of its staff, aiming to eliminate bureaucracy at the struggling chipmaker, according to a person with knowledge of the matter.” Bloomberg.
Retail & Legal Disputes
lululemon sues Costco Wholesale. “Lululemon slapped a lawsuit against Costco on Friday, accusing the wholesale club