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
NBH to Acquire Vista Bank in $369M Deal
Acquisition expands NBH’s Texas presence and assets National Bank Holdings (NBH), based in Denver, announced it will acquire Dallas-based Vista Bancshares in a stock-and-cash transaction valued at $369.1 million. The deal includes
UBS Considers U.S. Move Amid Swiss Capital Rules
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
SpaceX to Buy EchoStar Spectrum in $17B Starlink Deal
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
BBVA Pushes Ahead With $17.4B Sabadell Takeover
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
Visa ends U.S. open-banking unit amid rising tensions
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
Hertz to sell used cars through Amazon Autos
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
U.S. may take stake in Intel to boost chip production
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
Kodak Warns of Uncertain Future After 133 Years
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
Ford bets $2B on Kentucky plant for new EV era
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
Trump and Nvidia set 15 percent levy on China sales
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