Business - Page 8

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

Apple Promotes Sabih Khan to Chief Operating Officer

by Jamie Spencer

30-year veteran to succeed Jeff Williams in key leadership role Apple has named Sabih Khan as its new chief operating officer, marking a key leadership shift within the company’s senior executive team.

July 9, 2025

Honeywell Plans Review of Logistics Units Before Split

by Jamie Spencer

Strategic options considered for $2B revenue businesses Honeywell announced Tuesday it is exploring strategic alternatives for two of its logistics-related businesses as it prepares for a planned three-way corporate split. The move

July 8, 2025

Southwest CEO Explains Changes and His In-Flight Habits

by Jamie Spencer

Bob Jordan says working with crew keeps him grounded Southwest Airlines CEO Bob Jordan prefers to fly in a vest, not a suit — and for good reason. In a recent interview

July 7, 2025

CoreWeave to Acquire Core Scientific in $9B AI Deal

by Jamie Spencer

AI infrastructure firm targets energy assets CoreWeave has agreed to acquire data center operator Core Scientific in an all-stock deal valued at approximately $9 billion, aiming to fast-track its expansion into AI

July 7, 2025

Air France-KLM to Take Control of SAS by 2026

by Jamie Spencer

Franco-Dutch carrier to boost stake to 60.5% amid broader consolidation push Air France-KLM plans to increase its stake in Scandinavian airline SAS from 19.9% to 60.5%, marking a major step in its

July 4, 2025

Microsoft Cuts 9,000 Jobs, Trims Xbox and Sales Teams

by Jamie Spencer

Layoffs target gaming and global divisions as AI investments climb Microsoft is laying off approximately 9,000 employees, marking its largest round of job cuts in over two years. The move, which affects

July 3, 2025

UPS Offers Driver Buyouts, Sparking Union Backlash

by Jamie Spencer

Teamsters call the move illegal as UPS seeks to cut 20,000 jobs UPS has announced voluntary buyouts for unionized delivery drivers for the first time in its history, a move aimed at

July 3, 2025

Luxury Jewelry Shines as Other Sectors Falter

by Jamie Spencer

U.S. luxury spending dips despite post-election optimism The luxury retail sector entered 2025 with high hopes following strong holiday sales and renewed optimism after the U.S. election. Yet new data from Citigroup

July 1, 2025

Home Depot to Buy GMS in $4.3B Deal to Target Pros

by Jamie Spencer

Acquisition sharpens focus on professional contractors Home Depot announced Monday that it will acquire GMS, a major distributor of building products, in a $4.3 billion deal aimed at expanding its reach among

June 30, 2025

Walmart Tests ‘Dark Stores’ to Speed Up Online Orders

by Jamie Spencer

Miniature fulfillment centers aim to rival Amazon’s delivery power Walmart has quietly launched a new type of store in Dallas—but you won’t be able to shop there. These “dark stores,” designed solely

June 27, 2025

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