Business - Page 16

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

IBM Targets AI Growth with New Tools for Business

by Jamie Spencer

IBM is making a significant push into the crowded artificial intelligence (AI) field with new tools designed to help businesses manage fleets of AI agents for key applications. CEO Arvind Krishna highlighted

May 6, 2025

Skechers to be Acquired by 3G Capital for $63 Per Share

by Jamie Spencer

Skechers, the global footwear giant, has agreed to be acquired by private equity firm 3G Capital for $63 per share, marking the end of its nearly three-decade run as a public company.

May 5, 2025

Shell Considers BP Takeover Amid Falling Shares

by Jamie Spencer

Shell Explores Potential Acquisition of BP Shell is reportedly in discussions with advisers about the feasibility of acquiring rival oil giant BP. According to sources familiar with the matter, Shell has been

May 5, 2025

Airbnb Reports Q1 Earnings, Lowers Q2 Revenue Outlook

by Jamie Spencer

Airbnb Reports Mixed First-Quarter Earnings Airbnb’s first-quarter earnings were mostly in line with expectations, but the company issued a disappointing revenue forecast for the upcoming period, causing shares to decline more than

May 2, 2025

TikTok Fined €530 Million by E.U. Privacy Regulator

by Jamie Spencer

TikTok Faces Major Privacy Fine Over Data Protection Issues TikTok has been slapped with a €530 million ($600 million) fine by its lead E.U. privacy regulator, the Data Protection Commissioner (DPC) of

May 2, 2025

Jeff Bezos Plans to Sell $4.8 Billion in Amazon Shares

by Jamie Spencer

Bezos to Sell 25 Million Shares Over the Next Year Amazon founder Jeff Bezos has announced plans to sell up to 25 million shares of the company over the next year, according

May 2, 2025

Tesla Denies CEO Succession Plans Amid Leadership Struggles

by Jamie Spencer

Tesla Rejects Report on CEO Succession Search Tesla’s chair, Robyn Denholm, has vehemently denied a Wall Street Journal report that the company’s board was searching for a new CEO to replace Elon

May 1, 2025

Kohl’s Fires CEO After Less Than Five Months on the Job

by Jamie Spencer

CEO Ashley Buchanan Fired Over Unethical Behavior Kohl’s has terminated CEO Ashley Buchanan after just five months in the role, citing unethical behavior. Buchanan’s dismissal, labeled “for cause,” followed an investigation by

May 1, 2025

McDonald’s Strategy Shows Signs of Recovery in Q2

by Jamie Spencer

McDonald’s Faces Early Struggles Amid Economic Concerns McDonald’s experienced a challenging first quarter, with same-store sales showing a decline in the U.S. due to a weak start to the year and broader

May 1, 2025

Starbucks to Hire More Baristas, Scale Back Automation

by Jamie Spencer

Starbucks is taking a new approach under CEO Brian Niccol, who joined the company in September 2024, in a bid to turn the chain around. The company plans to hire more baristas,

April 30, 2025

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