Business - Page 25

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

Temu Shifts Strategy After U.S. Ends Tax Loophole

by Jamie Spencer

Chinese online retailer Temu is promoting more products from U.S. warehouses after former President Donald Trump revoked the long-standing de minimis tax exemption. The move, part of a broader tariff increase on

February 6, 2025

Nissan Drops Honda Merger Talks, Seeks New EV Partner

by Jamie Spencer

Nissan is preparing to pull out of merger discussions with Honda as it looks for a new partner to accelerate its transition to electric vehicles (EVs). The talks, which began in December

February 6, 2025

Pfizer Beats Q4 Estimates, Eyes Growth Beyond Covid Products

by Jamie Spencer

Pfizer (PFE) reported fourth-quarter earnings on Tuesday that surpassed analyst expectations, driven by higher-than-expected demand for its Covid products and ongoing cost-cutting efforts. Q4 Earnings Highlights Despite the earnings beat, Pfizer stock

February 4, 2025

Starbucks CEO Promises Growth But Stays Cautious on Timeline

by Jamie Spencer

Starbucks (SBUX) CEO Brian Niccol is committed to brewing a turnaround, but he’s not yet ready to give a definitive timeline. That hasn’t stopped Wall Street from showing confidence, as shares of

January 29, 2025

Chevron, GE Vernova Partner to Power AI Data Centers

by Jamie Spencer

Chevron Corp., investor Engine No. 1, and GE Vernova Inc. have announced a partnership to develop natural gas-fired power plants adjacent to data centers. The initiative aims to support the growing energy

January 28, 2025

HSBC to Wind Down M&A and Equity Capital Markets in the West

by Jamie Spencer

HSBC is preparing to exit its M&A and equity capital markets businesses in the U.K., Europe, and the U.S. as part of a broader restructuring of its investment banking operations. The decision

January 28, 2025

Costco Shareholders Reject Proposal to Assess DEI Risks

by Jamie Spencer

Costco Wholesale shareholders overwhelmingly voted against a proposal to assess the risks of maintaining the company’s diversity, equity, and inclusion (DEI) initiatives. The vote, announced on Thursday, signals strong investor support for

January 24, 2025

UnitedHealthcare Appoints New CEO After Brian Thompson’s Death

by Jamie Spencer

UnitedHealthcare has appointed Tim Noel as its new CEO following the shocking murder of Brian Thompson in midtown Manhattan. The company confirmed the leadership change in an emailed statement on Thursday, marking

January 24, 2025

Target Ends DEI Programs, Shifts Corporate Strategy

by Jamie Spencer

Retailer Phases Out Diversity and Inclusion Initiatives Target announced on Friday that it will roll back its diversity, equity, and inclusion (DEI) programs, including initiatives aimed at increasing workforce and product diversity.

January 24, 2025

goldman-raises-ceo-solomon’s-pay-to-$39m,-adds-$80m-bonus

Goldman Sachs Boosts CEO David Solomon’s Pay to $39M, Adds $80M Retention Bonus

by Jamie Spencer

Goldman Sachs Increases CEO Compensation and Locks in Leadership Goldman Sachs has raised CEO David Solomon’s compensation by 26% to $39 million for 2024, according to a regulatory filing. Additionally, the firm’s

January 17, 2025

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