Tesla sued by former employees over ‘mass layoff’

By Akriti Sharma and Hyunjoo Jin (Reuters) -Former Tesla Inc employees have filed a lawsuit against the U.S. electric car company alleging its decision to carry out a “mass layoff” violated federal law as the company did not provide advance notice of t…

Kellogg to focus on snacks with surprise three-way split

By Praveen Paramasivam and Mehr Bedi (Reuters) -Kellogg said on Tuesday it would split into three independent companies, in the latest U.S. corporate overhaul aimed at simplifying its structure and sharpening its focus on the snack business. Shares of …

Wall Street gains over 2% in broad rebound

By Lewis Krauskopf, Devik Jain and Anisha Sircar (Reuters) – Wall Street’s major indexes jumped over 2% on Tuesday as investors scooped up shares of megacap growth and energy companies after the stock market swooned last week on worries over a global e…