Ski-Doo Maker BRP Looks to Shed Struggling Marine Brands
Sea-Doo and Ski-Doo maker BRP said it intends to sell off the majority of its marine businesses, which have been...
BUSINESS News
Breaking Business News/Latest Business Updates/World Business News Update
AI Boom Is Real—and Really Profitable—Says Chip Maker TSMC
The world’s largest contract chip maker says revenue from AI-related products is expected to triple this year. Source link
Easing Food Prices Aren't Enough for Pinched Shoppers, Nestlé Says
Nestlé lowered its sales expectations for the second time this year as the food giant offers greater discounts to lure...
China Considering Higher Tariffs on Car Imports
China said it may raise tariffs on imported internal-combustion-engine cars with large engines sizes, after the EU voted to increase...
Nokia Tempers Earnings Expectations After Sales Fail to Recover
Nokia tempered earnings expectations for the year amid a delayed recovery in sales, but said an improving gross margin and...
Entain Raises Full-Year Guidance After Results Exceed Expectations
Ladbrokes owner Entain raised its full-year guidance and reported third-quarter results that exceeded its own expectations, helped by growth in...
Airbus to Shed 2,500 Jobs in Embattled Defense and Space Division
The cuts come as the company battles with delays, increased costs and competition from the likes of SpaceX. Source link
Musk's SpaceX Sues California Regulator, Alleging Political Bias Over Rocket Launches
The suit, filed Tuesday in California’s central district, marks the billionaire’s latest volley in a long-running feud with the Golden...
Lithium Americas Says GM Boosts Investment in Lithium Project
Canada’s Lithium Americas said General Motors will boost investment in the miner’s Thacker Pass project, which produces the critical ingredient...
Lufthansa Fined $4 Million for Stopping 128 Jewish Passengers From Boarding Flight
The Transportation Department said the fine is the largest it has issued against an airline for civil-rights violations. Source link
Container Store to Receive $40 Million Investment From Beyond
Investment is part of a strategic partnership between the specialty retail chain and the owner of Bed Bath & Beyond...
Boeing to Sell at Least $10 Billion in Shares to Plug Cash Drain
The jet maker moves to raise much needed cash and secures a new credit line amid paralyzing machinist strike. Source...
Auto & Transport Roundup: Market Talk
Find insight on Allegiant Air, TI Fluid Systems, Lufthansa and more in the latest Market Talks covering the Auto and...
Basic Materials Roundup: Market Talk
Find insights on ArcelorMittal , BHP, Emirates Global Aluminium and more in the latest Market Talks covering Basic Materials. Source...
Energy & Utilities Roundup: Market Talk
Gain insight on Galp, Orsted, Australian refining margins, and more in the latest Market Talks covering Energy and Utilities. Source...
Used EVs Sell for Bargain Prices Now, Putting Owners and Dealers in a Bind
The sharp drop in the value of preowned electric vehicles stands in contrast to the broader used-car market. Source link
TPG Telecom Sells Fixed-Fiber Network to Vocus
Australia’s TPG Telecom agreed to sell its fixed-fiber network to Vocus, generating funds for future shareholder returns and investment into...
Unions Defy Their Leadership With More 'No' Votes on Contracts
Fed up with inflation and seizing a moment of labor power, workers at Boeing, AT&T and Southwest reject deals negotiated...
Tesla's Robotaxi Event Disappoints Investors
Shares in the EV maker fell after a much-hyped event was heavier on showbiz than financial details. Source link
Volkswagen Car Deliveries Fall as Industry Challenges Mount
Volkswagen delivered fewer cars in the third quarter as the automaker navigates an increasingly challenging market hit by a price...
