Business - Page 7

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

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

Ferrero Buys WK Kellogg in $3.1 Billion Mega Deal

by Jamie Spencer

Iconic cereal and candy brands unite amid inflation pressure Ferrero, the Italian confectionery giant behind Nutella and Ferrero Rocher, has struck a $3.1 billion deal to acquire WK Kellogg, the legacy cereal

July 10, 2025

Tesla Faces Deepening Crisis Amid Musk’s Political Turn

by Jamie Spencer

Slowing sales, profit threats, and political backlash hit hard Tesla is facing one of its most precarious moments in years, as financial pressures mount and CEO Elon Musk’s political involvement adds a

July 9, 2025

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