Business - Page 30

The latest updates and key developments from the business world.

March 6, 2026

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,

February 26, 2026

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

February 26, 2026

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

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

UnitedHealth CEO Acknowledges Health-Care System’s Flaws After Tragic CEO Death

by Jamie Spencer

UnitedHealth Group CEO Andrew Witty paid tribute to Brian Thompson, the late CEO of UnitedHealthcare, in a New York Times opinion piece. Thompson’s recent death has cast a spotlight on the U.S.

December 13, 2024

Alaska Airlines Expands Global Reach with Seattle Gateway, New Tokyo and Seoul Routes

by Jamie Spencer

Alaska Airlines announced on Tuesday its plans to launch two new international nonstop routes from Seattle, positioning the city as its “new global gateway.” The flights will connect Seattle to Tokyo in

December 10, 2024

Mondelez Explores Hershey Acquisition in Potential $50 Billion Deal

by Jamie Spencer

Mondelez International Inc., the global snacks giant behind Oreo cookies and Toblerone chocolate bars, is reportedly exploring a bid to acquire iconic U.S. chocolate maker Hershey Co. If successful, the merger would

December 9, 2024

China Leads Global EV Sales as U.S. and Europe Struggle

by Jamie Spencer

Over the past decade, Chinese automakers have solidified their dominance in the global electric vehicle (EV) market, leaving competitors in the U.S. and Europe far behind. New data highlights just how far

December 5, 2024

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