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4 days ago | 
cbsnews.com | Mary Cunningham |Alain Sherter
Walt Disney Co. is laying off hundreds of employees as part of a cost-cutting measure, CBS News has confirmed. "As our industry transforms at a rapid pace, we continue to evaluate ways to efficiently manage our businesses while fueling the state-of-the-art creativity and innovation that consumers value and expect from Disney," a spokesperson said in an email to CBS News.
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4 days ago | 
cbsnews.com | Mary Cunningham
A Florida man is suing Walt Disney Parks and Resorts, alleging he sustained "permanent catastrophic injuries" after riding a water park slide in Walt Disney World Resort in 2021. Eugene Strickland is seeking $50,000 in damages against the theme park giant in a lawsuit filed May 29 in Orange County, Florida. Those damages stem from physical and mental injuries Strickland claims he suffered while riding on the Downhill Double Dipper (DDD) at Disney's Blizzard Beach water park on July 31, 2021.
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5 days ago | 
cbsnews.com | Mary Cunningham
Stocks of major U.S. steel companies jumped Monday after President Trump announced he would double tariffs on steel and aluminum. Cleveland-Cliffs steel manufacturer was up 25.2% in early morning trading. Nucor Corp., one of the nation's largest steel manufacturers, and Steel Dynamics, a steel producer and metals recycler, were both up 10% before the bell.
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1 week ago | 
cbsnews.com | Mary Cunningham
Mondelez International, the company behind Oreo, Wheat Thins and other name-brand products, says Aldi is copying its packaging in an effort to dupe customers into buying the supermarket chain's products. In a federal lawsuit filed Tuesday in Illinois, the snack company alleges that Aldi "blatantly copies" the distinctive packaging of its brands in order to mislead customers into thinking they are buying a Mondelez product when they are actually purchasing a store-brand version.
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1 week ago | 
cbsnews.com | Mary Cunningham |Alain Sherter
Counselors who work with foreign students eager to attend college in the U.S. are advising them to purge their social media accounts of posts that could attract the attention of U.S. State Department officials.
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1 week ago | 
cbsnews.com | Mary Cunningham |Alain Sherter
Palmer Luckey on the future of warfare Meta is teaming with defense industry startup Anduril Industries to develop military products that use artificial intelligence and augmented reality, the companies announced on Thursday. Anduril said in a statement that the new products will provide "real-time battlefield intelligence" to soldiers in the field, allowing them to make decisions based on data.
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1 week ago | 
cbsnews.com | Mary Cunningham
More than 100,000 kitchen faucets have been recalled because they could lead to dangerous levels of lead exposure according to three separate notices posted Thursday by the U.S. Consumer Product Safety Commission. Three different faucets models, manufactured in China and sold under the brands Vfauosit, Kicimpro and Basdehen, were determined unsafe after tests revealed they contain lead that could leak into the water supply and cause harm to young infants and children.
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1 week ago | 
cbsnews.com | Mary Cunningham |Alain Sherter
Federal judges in the U.S. have challenged the Trump administration on everything from deportations of immigrants to mass layoffs of government workers. Now, the U.S. Court of International Trade is stepping in to challenge President Trump's sweeping tariffs. The New York-based court late Wednesday struck down most of the tariffs implemented under Mr. Trump, dealing a serious blow to one of his signature economic policies.
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1 week ago | 
cbsnews.com | Mary Cunningham
Trump pauses tariffs on European Union goods Stocks jumped on Tuesday, after Mr. Trump announced over the Memorial Day weekend that he would pause the implementation of steep tariffs on the European Union until July 9 to allow more time for trade negotiations with the 27-country bloc. The S&P 500 climbed 90 points, or 1.6%, to 5,893 points, as of 10:43 a.m. EST, while the Dow Jones Industrial Average gained 499 points, or 1.2%. The tech-heavy Nasdaq Composite rose 2.0%.
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1 week ago | 
cbsnews.com | Mary Cunningham |Kris Van Cleave |Aimee Picchi
Southwest Airlines changing bag policy After more than 50 years, Southwest Airlines' "bags fly free" policy is finally coming to an end. Southwest on Tuesday announced the first checked bag will cost $35, while a second checked bag will cost $45. The policy will begin tomorrow, when some passengers may be subject to a checked bag fee when booking a flight on the discount carrier.
