Business - Page 11

The latest updates and key developments from the business world.

January 9, 2026

GM to book $7.1bn EV and China restructuring charges

Fourth-quarter writedowns tied to EV strategy reset General Motors said Thursday it will record $7.1 billion in special charges for the fourth quarter of last year, reflecting a pullback in its electric

January 6, 2026

Ford boosts U.S. sales on hybrids and affordable models

Annual growth offsets slowdown in electric vehicles Ford reported higher vehicle sales in the United States in 2025, supported by strong consumer demand for its hybrid lineup and more affordable pickup trucks.

January 5, 2026

Toyota US sales rise 8% in 2025 on electrified demand

Strong full-year performance across Toyota and Lexus Toyota Motor North America reported US vehicle sales of 2,518,071 units in 2025, an increase of 8.0% compared with 2024. On a daily selling rate

sony-layoffs-at-bend-studio-after-service-concept-canceled

Sony Layoffs at Bend Studio After Live Service Concept Canceled

by Jamie Spencer

Workforce Reduction Follows the Cancellation of Live Service Concept Sony’s Bend Studio, known for its first-party games, has laid off a significant portion of its workforce following the cancellation of a live

June 11, 2025

Competition Heats Up Among China’s Leading EV Makers

by Jamie Spencer

Dispute Between BYD and Great Wall Motor Escalates Fierce competition among China’s top electric vehicle (EV) manufacturers has intensified with a growing dispute between BYD and Great Wall Motor over emissions compliance.

June 10, 2025

Amazon’s $20 Billion Investment in Pennsylvania Data Centers

by Jamie Spencer

Overview of Amazon’s Data Center Expansion Amazon announced on Monday that it will invest $20 billion in the development of two data center complexes in Pennsylvania. This marks a significant move by

June 9, 2025

OpenAI Hits $10 Billion in Annual Revenue Amid Rapid Growth

by Jamie Spencer

Overview of OpenAI’s Revenue Growth OpenAI has reached an impressive milestone, achieving $10 billion in annual recurring revenue (ARR) in less than three years since the launch of its widely popular ChatGPT

June 9, 2025

Robinhood Shares Fall After S&P 500 Snub

by Jamie Spencer

Robinhood’s shares sold off on Monday after the online brokerage was left out of the latest quarterly rebalance of the S&P 500, disappointing many investors who had speculated that it could be

June 9, 2025

Disney’s $67 Billion National Economic Impact Report

by Jamie Spencer

For decades, Disney’s domestic theme parks have driven tourism, job creation, and tax revenue in Southern California and Central Florida. On Thursday, the company revealed its broader impact on the U.S., reporting

June 6, 2025

Kimberly-Clark Partners with Suzano in Tissue Business

by Jamie Spencer

Kimberly-Clark (KMB) announced on Thursday a partnership with Brazilian pulp and paper producer Suzano (SUZ) to jointly manage Kimberly-Clark’s international tissue and paper products business. Under the terms of the agreement, Kimberly-Clark

June 5, 2025

P&G to Cut 7,000 Jobs in Restructuring Amid Trade Challenges

by Jamie Spencer

Procter & Gamble (P&G) announced plans to cut 7,000 jobs, or 15% of its non-manufacturing workforce, as part of a broader two-year restructuring program. This move comes as the company faces rising

June 5, 2025

Citigroup Ends Firearm Banking Restrictions After Seven Years

by Jamie Spencer

Citigroup has announced the end of a policy that had restricted how it provided banking services to firearm manufacturers, sellers, and resellers. The decision marks the conclusion of a seven-year policy introduced

June 4, 2025

Akio Toyoda Leads $33 Billion Buyout of Toyota Industries

by Jamie Spencer

In a strategic move to strengthen the Toyoda family’s control over Japan’s biggest business empire, Akio Toyoda, chairman of Toyota Motor Corp., is leading a group that has agreed to privatize Toyota

June 3, 2025

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