Business - Page 6

The latest updates and key developments from the business world.

December 10, 2025

Southwest explores launching its own lounge network

A push to capture premium travelers Southwest Airlines is weighing a major shift in its customer experience strategy: building a network of airport lounges. CEO Bob Jordan said in an interview that

December 9, 2025

Eli Lilly plans $6 billion plant in Alabama

New facility expands U.S. manufacturing footprint Eli Lilly announced Tuesday that it will invest $6 billion in a new manufacturing complex in Huntsville, Alabama, aimed at significantly increasing production of its experimental

December 5, 2025

Netflix to acquire Warner Bros Discovery for $72 billion

Streaming giant makes bold move into Hollywood’s studio elite Netflix has agreed to buy Warner Bros Discovery for $72 billion, gaining control of some of Hollywood’s most iconic film and TV franchises.

Uber, Lucid and Nuro Launch Global Robotaxi Program

by Jamie Spencer

New Alliance Aims to Deploy 20,000 Robotaxis Uber has announced a major expansion into autonomous mobility by partnering with electric vehicle maker Lucid and self-driving tech firm Nuro to launch a next-generation

July 17, 2025

Wells Fargo Halts China Travel After Staff Exit Ban

by Jamie Spencer

Banker Barred from Leaving Sparks Travel Freeze Wells Fargo has suspended all business travel to China after one of its senior bankers, Chenyue Mao, was blocked from leaving the country, according to

July 17, 2025

Bank of America Beats Q2 Estimates as Trading Revenue Surges

by Jamie Spencer

Strong Markets, Higher NII Lift Earnings Bank of America reported second‑quarter net income of $7.1 billion, or $0.89 per share, exceeding analysts’ forecast of $0.86. The upside came from record sales‑and‑trading revenue and

July 16, 2025

Netflix Earnings Set to Test Valuation Hype

by Jamie Spencer

Revenue and Profit Expected to Show Strong Growth Netflix is scheduled to release its second-quarter earnings report after market close on Thursday, amid high expectations and a 40% year-to-date stock rally. Wall

July 16, 2025

ASML Forecasts Uncertain 2026 Despite Q2 Beat

by Jamie Spencer

Revenue and Profit Beat Expectations in Second Quarter ASML reported stronger-than-expected results for the second quarter, surpassing analyst estimates in both revenue and profit. The Dutch semiconductor equipment maker posted net sales

July 16, 2025

Nissan to Shut Down Historic Oppama Plant by 2028

by Jamie Spencer

Production Shifts to Kyushu Amid Major Cost-Cutting Plan Nissan Motor Corp. announced it will shut down its iconic Oppama plant in Kanagawa Prefecture by the end of the 2027 fiscal year, with

July 15, 2025

Starbucks Expands Office Mandate to Four Days a Week

by Jamie Spencer

Corporate Staff Face October Return or Exit Offer Starbucks has informed its corporate workforce that they will be required to return to the office four days per week starting in October. The

July 14, 2025

Indeed and Glassdoor Cut 1,300 Jobs Amid AI Shift

by Jamie Spencer

Recruit Holdings Moves Toward AI-Driven Operations Recruit Holdings, the Japanese parent company of job platforms Indeed and Glassdoor, is laying off around 1,300 employees as it accelerates its adoption of artificial intelligence.

July 11, 2025

Kraft Heinz Plans $20B Grocery Business Spinoff

by Jamie Spencer

Strategic Move Aims to Unlock Shareholder Value Kraft Heinz is preparing to spin off a significant portion of its grocery business, potentially creating a standalone entity worth up to $20 billion, according

July 11, 2025

MP Materials Soars After Pentagon Rare Earths Deal

by Jamie Spencer

U.S. backs domestic magnet supply with $400M investment MP Materials announced a landmark agreement with the U.S. Department of Defense (DoD) on Thursday to significantly expand domestic production of rare earth minerals.

July 10, 2025

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