News Highlights: Top Company News of the Day - Monday at 11 PM ET
Summary
The retailer is cutting hundreds of corporate jobs and asking some staff to move to large corporate hubs.The cash-strapped maker of electric vehicles secured about $3.5 million in additional financing via notes due next month.The company said it would adopt a new leadership structure for its Sony Interactive Entertainment unit overseeing PlayStation, with two separate chief executives.The stock is down4% over the past year, but has jumped 19% over a month. Inflation data disclosed over the weekend gave it a lift.The Mexican airline said it would apply to list its ADSs on the New York Stock Exchange under the ticker AERO and had already applied to list shares on the Mexican Stock Exchange.The Transportation Department says its rule, requiring added disclosure of baggage and flight-change fees, helps consumers avoid overpaying for surprise charges.The company was accused online of undermining daters freedom of choice.The famed hot-dog business could fetch between $3 billion and $5 billion.Hwang, on trial for fraud and racketeering related to his firms meltdown, maintains his trading practices were lawful.The website-development company said its shareholders will receive $44 a share in cash, a 15% premium to Fridays closing price.