IBM expects 80% of its employees to work in hybrid remote roles post-pandemic, Bloomberg reported. CEO Arvind Krishna also said IBM will likely scale back its office space significantly. Some tech companies take a flexible approach to work; Amazon and others want workers in the office. See more stories on Insider’s business page. IBM is joining the growing list of tech […]

EXCLUSIVE: Hollywood’s unions are hurting. Membership dues, their largest source of revenue, have plummeted during the pandemic as a result of massive job losses and dues relief they’ve provided to their members. Annual financial reports that have just been filed with the Department of Labor show that entertainment industry unions across the country suffered tens of millions of dollars in […]

Marvin Lord, a prominent executive and dealmaker at several major apparel firms, died Monday at his home in Roslyn Heights, N.Y., following a bout with kidney failure. Lord was 83. Lord had been retired for about a decade. He spent the last 14 years of his career as a vice president at the E.A. Hughes executive search firm, which is part […]

Supply chain disruptions are inevitable with any business that ships products or materials.  Last week’s blockage in the Suez Canal caused by a 1,300-foot cargo ship, cost the global economy an estimated $400 million per hour. Here’s how small businesses can handle disruptions, find new suppliers, and make sure their products are delivered. See more stories on Insider’s business page. […]

New York (CNN Business)Shoppers, take note: You could soon pay more for Huggies, Pull-Ups and Scott toilet paper. Kimberly-Clark, the maker of such products, said Wednesday that it’s notifying retail customers in the United States and Canada that it will increase prices on some products by mid-to-high single-digit percentages in June. The increases “are necessary to help offset significant commodity […]

Delta's CEO said the "final bill is unacceptable and does not match Delta’s values." The controversial GOP-backed voting law has drawn criticism from customers and politicians. Delta previously said it worked to take out some of the most "egregious measures" from the bill. In this article DAL Delta Air Lines CEO Ed Bastian on Wednesday blasted a controversial GOP-backed Georgia […]

NCAA president Mark Emmert reiterated Wednesday that the association “dropped the ball” with regard to amenities for the women’s tournament bubble in San Antonio and pledged to use the experience as an inflection point to reach greater gender equity across all sports and championships in the future.  “How do we make up for those shortcomings from this day going forward […]

New York has legalized cannabis. The cannabis companies currently in New York say they’re generally happy with the law. Companies like GTI and Curaleaf told us they’re looking to ramp up cultivation to meet demand. See more stories on Insider’s business page. At long last, New York has legalized cannabis. Text of the bill was released on Saturday. State lawmakers […]