Business - Page 17

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

Rising Tariffs Hit U.S. Shoppers on Temu and Shein

by Jamie Spencer

Consumers are feeling the pinch as U.S. tariffs imposed by President Donald Trump on Chinese goods are pushing up prices on popular e-commerce platforms like Temu and Shein. Rena Scott, a retired

April 30, 2025

Adidas Warns of Price Hikes Due to U.S. Tariffs

by Jamie Spencer

Sportswear giant Adidas announced on Tuesday that U.S. President Donald Trump’s tariffs would result in cost hikes for all its U.S. products. The company noted that while it does not yet know

April 29, 2025

JetBlue Plans Partnership with Larger U.S. Airline

by Jamie Spencer

JetBlue Airways is preparing to announce a partnership with a U.S. airline with a larger network in the coming weeks, according to the carrier’s president, Marty St. George. One possibility for this

April 29, 2025

Pfizer CEO Discusses Impact of Trump’s Pharmaceutical Tariffs

by Jamie Spencer

Pfizer CEO Albert Bourla voiced concerns on Tuesday about the uncertainty surrounding President Donald Trump’s planned pharmaceutical tariffs, which are deterring the company from increasing investments in U.S. manufacturing and research and

April 29, 2025

HSBC Reduces Stake in BOCOM, Facing $1.6 Billion Loss

by Jamie Spencer

HSBC announced on Tuesday that it would reduce its stake in Bank of Communications (BOCOM) to about 16%, down from 19.03%. This change follows BOCOM’s fundraising through a private placement of shares,

April 28, 2025

Mediobanca Launches €6.3 Billion Bid for Banca Generali

by Jamie Spencer

In a bold move amidst ongoing tensions in the Italian finance sector, Mediobanca (MDBI.MI) has placed a €6.3 billion ($7 billion) bid to acquire wealth manager Banca Generali (BGN.MI). This deal, which

April 28, 2025

Erste Group Bank in Talks with Santander Over $8 Billion Deal

by Jamie Spencer

Introduction Austrian lender Erste Group Bank (ERST.VI) is in discussions with Spain’s Banco Santander (SAN.MC) regarding a potential deal to acquire a 49% stake in Santander’s Polish unit, a transaction that could

April 28, 2025

Intel Faces Challenges Amid Trade Wars and AI Competition

by Jamie Spencer

Intel, once a towering force in the semiconductor world, finds itself grappling with a significant decline in market value. From a $500 billion market cap in 2000, the chipmaker is now worth

April 25, 2025

Hasbro Surges on Strong Earnings and Disney Deal Extension

by Jamie Spencer

Hasbro (HAS) saw its shares soar on Thursday after posting stronger-than-expected results for the first quarter and announcing an extension of its lucrative licensing agreement with Disney (DIS). Strong Q1 Performance The

April 24, 2025

PepsiCo Faces Challenges Amid Volatile Global Trade Conditions

by Jamie Spencer

PepsiCo, the global food and beverage giant, reported mixed quarterly results on Thursday, as international sales helped offset weaker demand in North America. Despite posting higher-than-expected revenue, the company lowered its forecast

April 24, 2025

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