GM Cuts IT Jobs As AI Reshapes Workforce
Layoffs Hit Technology Teams General Motors laid off about 500 to 600 employees on Monday, largely affecting information technology roles in Austin, Texas, and Warren, Michigan. The cuts come as the Detroit
Disney Rises As New CEO Outlines Strategy
D’Amaro Sets A Clear Direction Walt Disney shares rose nearly 8% in early trading after new chief executive Josh D’Amaro outlined his strategy for the entertainment group. Speaking on his first earnings
Spirit Shutdown Empties LaGuardia Terminal
A Sudden Collapse Hits Terminal A The abrupt shutdown of Spirit Airlines has left LaGuardia Airport’s Marine Air Terminal nearly deserted, turning one of New York’s most historic aviation spaces into a
Nvidia Moves to Restart China H200 Shipments
Jensen Huang says manufacturing is being switched back on Nvidia is preparing to resume sales of its H200 processors to some customers in China, a development that could reopen an important market
Lucid Targets Positive Cash Flow Later This Decade
Lucid Group told investors it expects to reach positive cash flow later this decade, leaning on a broader vehicle lineup, a bigger push into software subscriptions, and longer-term plans that include robotaxis.
Six Flags to sell seven parks to EPR for $331 million
Portfolio reshuffle targets higher-return properties Six Flags Entertainment said Thursday it will sell seven amusement parks in the United States and Canada to real estate owner EPR Properties for about $331 million,
Ford Recalls 412,000 Explorer SUVs in U.S.
Rear Suspension Defect Prompts Major Recall Ford Motor Company is recalling 412,774 Explorer SUVs in the United States after identifying a potential fracture in the rear toe link that could result in
Stellantis Posts Record Loss Amid EV Reset
Massive Write-Downs Drive Annual Deficit Stellantis reported its first-ever annual net loss on Thursday, posting a deficit of 22.3 billion euros ($26.3 billion) for full-year 2025, compared with a profit of 5.5
Paramount Raises Bid for Warner Bros. Discovery
All-cash offer lifted to $31 per share Warner Bros. Discovery said Tuesday that Paramount Skydance has increased its takeover proposal to $31 per share in cash, up from $30, intensifying a bidding
Honeywell Secures 26% Price Cut in Catalyst Deal
Acquisition terms revised amid weak demand Honeywell International has negotiated a significant reduction in the price of its planned acquisition of Johnson Matthey’s catalyst technologies unit, highlighting the ongoing strain across the
Bath & Body Works Debuts on Amazon
Fragrance giant expands beyond own stores For the first time, Bath & Body Works products are available directly through Amazon, opening a major new digital sales channel for the fragrance and home
WBD Reopens Talks With Paramount
Seven-Day Window Granted by Netflix Warner Bros. Discovery said Tuesday it will reopen negotiations with Paramount Skydance under a limited seven-day waiver approved by Netflix. The temporary window allows discussions aimed at
Bayer Proposes $7.25B Roundup Settlement
Nationwide Deal Targets Thousands of Claims Bayer and attorneys representing cancer patients unveiled a proposed $7.25 billion settlement aimed at resolving thousands of U.S. lawsuits alleging the company failed to warn consumers