Business - Page 20

The latest updates and key developments from the business world.

December 10, 2025

Southwest explores launching its own lounge network

A push to capture premium travelers Southwest Airlines is weighing a major shift in its customer experience strategy: building a network of airport lounges. CEO Bob Jordan said in an interview that

December 9, 2025

Eli Lilly plans $6 billion plant in Alabama

New facility expands U.S. manufacturing footprint Eli Lilly announced Tuesday that it will invest $6 billion in a new manufacturing complex in Huntsville, Alabama, aimed at significantly increasing production of its experimental

December 5, 2025

Netflix to acquire Warner Bros Discovery for $72 billion

Streaming giant makes bold move into Hollywood’s studio elite Netflix has agreed to buy Warner Bros Discovery for $72 billion, gaining control of some of Hollywood’s most iconic film and TV franchises.

Ferrari to Raise U.S. Prices by 10% Amid Tariffs

by Jamie Spencer

Price hikes on select models Ferrari said Thursday it will raise prices by 10% on certain models after April 1 in response to new U.S. auto tariffs, adding up to $50,000 to

March 27, 2025

British Steel Blast Furnaces Face Closure by June

by Jamie Spencer

Thousands of Jobs at Risk Amid Tariffs and Environmental Pressures China-owned British Steel said it could shutter its two blast furnaces in Scunthorpe as soon as June, potentially putting up to 2,700

March 27, 2025

UBS Offers Concessions to Avoid Tougher Swiss Rules

by Jamie Spencer

UBS Seeks Compromise on Regulation Two years after acquiring Credit Suisse, UBS is trying to preempt stricter regulatory measures by offering to limit its investment banking division and increase capital holdings, according

March 26, 2025

Hyundai to Build $5.8B U.S. Steel Plant in Louisiana

by Jamie Spencer

Massive investment aims to sidestep Trump tariffs, but investor doubts linger Hyundai Steel and its parent, Hyundai Motor Group, announced plans to build a $5.8 billion steel plant in Louisiana, aiming to

March 25, 2025

Berkshire Employee Wins Buffett’s $1M Bracket Challenge

by Jamie Spencer

FlightSafety staffer nails 31 first-round picks to claim prize For the first time since Warren Buffett launched his $1 million NCAA bracket contest nearly a decade ago, a Berkshire Hathaway employee has

March 24, 2025

BYD Q4 Profit Soars 73% on EV Price War Gains

by Jamie Spencer

Chinese EV Giant Sets Record as It Tops Volkswagen in Sales Chinese electric vehicle leader BYD reported a record fourth-quarter net profit of 15 billion yuan ($2.1 billion), a 73.1% increase over

March 24, 2025

23andMe Files for Bankruptcy Amid Privacy Concerns

by Jamie Spencer

Company Seeks Buyer as Customers Worry Over Genetic Data Genetic testing firm 23andMe has filed for Chapter 11 bankruptcy, triggering alarm over the fate of genetic and personal data from its more

March 24, 2025

JPMorgan Rebrands DEI Program Amid Policy Shifts

by Jamie Spencer

From “Equity” to “Opportunity” JPMorgan Chase (JPM.N) is making significant changes to its Diversity, Equity, and Inclusion (DEI) initiatives, including a rebranding to Diversity, Opportunity, and Inclusion (DOI). Chief Operating Officer Jenn

March 21, 2025

SoftBank to Acquire Ampere Computing for $6.5 Billion

by Jamie Spencer

Deal Expands AI and Semiconductor Investments SoftBank Group announced on Wednesday that it will acquire Ampere Computing, a semiconductor startup specializing in Arm-based server chips, for $6.5 billion. The Japanese conglomerate expects

March 20, 2025

Nike Faces Challenges as Tariffs and Weak Spending Cloud Earnings

by Jamie Spencer

Analysts Expect Modest Q3 Results Nike is set to report its fiscal third-quarter earnings after the market close on Thursday. As the world’s largest sneaker company navigates economic uncertainty, analysts have lowered

March 20, 2025

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