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
Alphabet Expands Bond Sale Past $30 Billion
Strong investor demand supports larger issuance Alphabet is set to finalize a global bond issuance exceeding $30 billion, according to people familiar with the matter, marking a significant increase from the $20
Eli Lilly Acquires Orna to Expand Cancer Technology
Deal adds in-body cell engineering platform Eli Lilly announced an agreement to acquire Orna Therapeutics for up to $2.4 billion in cash, advancing its push into next-generation cancer and immunology treatments. The
German police search Deutsche Bank offices
Money laundering investigation targets Frankfurt and Berlin German police carried out searches at Deutsche Bank offices in Frankfurt and Berlin on Wednesday as part of an investigation into suspected money laundering, according
JPMorgan and BofA match $1,000 child savings plan
Major banks join government-backed pilot program JPMorgan Chase and Bank of America announced on Wednesday that they will match the U.S. government’s one-time $1,000 contribution to retirement-style savings accounts for eligible employees’
UPS plans 30,000 more job cuts amid Amazon exit
Cost reductions tied to operational overhaul United Parcel Service announced Tuesday that it plans to cut up to 30,000 additional jobs this year as part of its ongoing effort to scale back
GM to move Buick SUV production from China to Kansas
Production shift driven by tariffs and policy pressure General Motors announced on Thursday that it will relocate production of a Buick sport utility vehicle currently built in China to the United States
Stellantis CEO focuses on execution and U.S. market recovery
Stellantis CEO Antonio Filosa is pushing ahead with a sales turnaround plan for the automaker, with a particular focus on restoring U.S. market share for its Jeep and Ram brands after years
JPMorgan takes over Apple Card from Goldman Sachs
Deal reshapes Apple Card’s banking partnership JPMorgan Chase has reached an agreement to assume control of the Apple credit card portfolio, taking over from Goldman Sachs, the original issuer of the product.
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
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.