Business - Page 4

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

UBS Considers U.S. Move Amid Swiss Capital Rules

by Jamie Spencer

Stricter regulations push global bank to rethink its base Swiss banking giant UBS is reportedly exploring a potential relocation to the United States in response to proposed regulatory changes from the Swiss

September 15, 2025

SpaceX to Buy EchoStar Spectrum in $17B Starlink Deal

by Jamie Spencer

Massive acquisition to boost satellite 5G network SpaceX announced Monday it will acquire wireless spectrum licenses from EchoStar for approximately $17 billion, marking a critical move to scale its Starlink satellite network

September 8, 2025

BBVA Pushes Ahead With $17.4B Sabadell Takeover

by Jamie Spencer

Regulatory approval clears path for shareholder offer BBVA has received final regulatory clearance for its €17.4 billion bid to acquire Banco de Sabadell, marking the last major step before opening the offer

September 5, 2025

Visa ends U.S. open-banking unit amid rising tensions

by Jamie Spencer

Fintech access to bank data faces mounting challenges Visa has shut down its open-banking operations in the United States, a move signaling the growing divide between traditional banks and fintech firms. The

August 22, 2025

Hertz to sell used cars through Amazon Autos

by Jamie Spencer

Strategic move to expand retail operations Hertz announced Wednesday a new partnership with Amazon Autos, allowing the car rental company to sell preowned vehicles directly through Amazon’s platform. This initiative aims to

August 20, 2025

U.S. may take stake in Intel to boost chip production

by Jamie Spencer

Talks with Trump administration lift shares Intel’s shares rose 7% on Thursday after Bloomberg reported that the Trump administration is in discussions to acquire a stake in the company. The move would

August 14, 2025

Kodak Warns of Uncertain Future After 133 Years

by Jamie Spencer

Company issues going concern warning Eastman Kodak has raised alarm over its financial stability, cautioning that it may struggle to continue operating without a viable plan to meet upcoming debt obligations. In

August 12, 2025

Ford bets $2B on Kentucky plant for new EV era

by Jamie Spencer

From gas heritage to electric future Ford Motor Company is committing nearly $2 billion to transform its Louisville Assembly Plant in Kentucky into a hub for electric vehicle production. After seven decades

August 11, 2025

Trump and Nvidia set 15 percent levy on China sales

by Jamie Spencer

Negotiations reshape export policy for AI chips President Donald Trump said Monday that the U.S. government and Nvidia reached a revenue sharing arrangement tied to sales of the company’s China specific AI

August 11, 2025

Bed Bath & Beyond Returns With New Store Format

by Jamie Spencer

Iconic Brand Relaunches as Bed Bath & Beyond Home Bed Bath & Beyond has returned to the retail landscape in a new form following its 2023 bankruptcy. On Friday, the first Bed

August 8, 2025

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