Business - Page 28

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

Honda and Nissan Explore Merger to Compete Globally

by Jamie Spencer

Honda and Nissan have announced plans to hold formal talks over the next six months to explore a possible merger, a move that could create the world’s third-largest automaker. Mitsubishi, a smaller

December 23, 2024

U.S. Investigates Chinese Legacy Semiconductors Amid Trade Tensions

by Jamie Spencer

The Biden administration has launched a last-minute trade investigation into Chinese-made legacy semiconductors. This probe, under Section 301 of the Trade Act of 1974, aims to counter China’s state-driven expansion in semiconductor

December 23, 2024

Volkswagen and Labor Unions Near Historic Pay and Jobs Deal

by Jamie Spencer

Volkswagen (VW) is edging closer to an agreement with labor representatives after months of tense negotiations over wages, jobs, and plant operations. These discussions, which began in September, mark the company’s longest-ever

December 20, 2024

Starbucks Workers Strike Nationwide Over Union Contracts

by Jamie Spencer

Baristas at Starbucks stores in Burbank swapped their aprons for picket signs on Friday as part of a growing nationwide strike demanding collective bargaining agreements. The walkout is spearheaded by Starbucks Workers

December 20, 2024

CFPB Sues Zelle and Major U.S. Banks Over Fraud Allegations

by Jamie Spencer

The Consumer Financial Protection Bureau (CFPB) has launched a lawsuit against Zelle, the leading peer-to-peer payments network, and three of its major bank partners—JPMorgan Chase, Bank of America, and Wells Fargo—alleging failures

December 20, 2024

Amazon Faces Historic Strike as Workers Demand Union Negotiations

by Jamie Spencer

Thousands of Amazon workers across seven U.S. facilities staged a strike early Thursday during the peak holiday shopping season, demanding that the retail giant enter contract negotiations with their union. The action,

December 19, 2024

Nuclear Startup Oklo Partners with Switch to Deploy 12GW by 2044

by Jamie Spencer

Oklo, a nuclear energy startup backed by OpenAI CEO Sam Altman, has announced an ambitious partnership with data center operator Switch to deploy 12 gigawatts of nuclear power by 2044. The collaboration

December 18, 2024

Nissan and Honda Explore Merger Amid Rising EV Competition

by Jamie Spencer

In a move that could reshape the global automotive industry, Japanese carmakers Nissan Motor and Honda Motor are reportedly in talks to merge. The prospective tie-up, first reported by Nikkei, comes as

December 18, 2024

Pfizer Stock Rises on Upbeat 2025 Outlook and Guidance

by Jamie Spencer

Pfizer’s (PFE) stock climbed in pre-market trading on Tuesday after the pharmaceutical giant shared a positive full-year outlook for 2025. The company’s projections align closely with Wall Street estimates, signaling stability and

December 17, 2024

Softbank CEO Pledges $100 Billion Investment in the U.S.

by Jamie Spencer

Softbank CEO Masayoshi Son announced a $100 billion investment in the United States over the next four years during a visit to President-elect Donald Trump’s residence at Mar-a-Lago in Palm Beach, Florida,

December 16, 2024

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