Stellantis Trims 2024 Profit View On China Woes
Based on the new and updated 2024 market outlook of the company, the adjusted operating income margin (AOI) for FY 2024 is expected to be between 5.5-7.0%, down from the prior "double digit."
U.S. Approves $1.5B Loan To Restart Palisades Nuclear Reactor
Michigan nuclear plant Palisades closed a $1.5 billion loan to restart its reactor, which is a first in U.S. history.
Major CVS Shareholder To Push For Operational Improvements In Meeting With Top Execs: Reports
CVS shareholders reportedly plan to hold a meeting with management for an activist push
NTSB Issues 'Urgent' Safety Warning On Rudder Systems Of Some Boeing 737 Planes
The safety agency was investigating an incident where the rudder pedals got "stuck" on a plane while in their neutral position.
Citigroup And Apollo Team Up For $25B Private Credit, Direct Lending Program
The companies say they 'expect strong client demand and maintain the flexibility to significantly expand the size of the program.'
Smartmatic, Newsmax Reach Last-Minute Settlement In 2020 Election Defamation Case
The agreement was reached just ahead of the opening statements scheduled for Monday at a Wilmington, Delaware, court. Smartmatic and Newsmax finalized the deal just hours after jury selection began, with official announcements of the settlement made Thursday afternoon.
Southwest Airlines Prepares To Share Profitability Plan with Investors
Southwest is hosting its Investor Day in Dallas on Thursday, when shareholders will have the opportunity to hear more about these initiatives and the airline's plan to restore its profitability.
American Eagle Sues Amazon Over Alleged Sale Of Aerie 'Knock-offs'
American Eagle has filed a suit against Amazon after allegedly selling knock-offs of its Aerie products.
Meta Unveils Orion AR Glasses, Upgrades AI Chatbot With Celebrity Voices
Meta shows off its new AR glasses, along with a better AI chatbot with Judi Dench-like voice.
Suspected Trump Gunman Charged With Attempted Assassination
The development comes a day the prosecutors revealed after the gunman wrote a chilling letter months ago about an "assassination attempt" on the former president.
Vista, Blackstone To Buy Software Firm Smartsheet For $8.4 Billion
Vista and Blackstone are set to acquire Smartsheet for $8.4 billion in cash.
Volkswagen Starts Key Pay Talks With Unions Amid Potential Plant Closures
Volkswagen is about to start discussions with unions over pay in the midst of possible plant closures.
Donald Trump Threatens John Deere With 200% Tariffs If It Moves Manufacturing To Mexico
Donald Trump has threatened John Deere with a 200% tariff if it moves manufacturing plants to Mexico.
Trump Media Stock Plunge Continues After Lockup Agreement Expires
The shares, listed on Nasdaq as DJT, dropped 10%, closing at $12.15. Since restrictions on insider selling were lifted last week, the stock has fallen 17%.
Levi Strauss Sees Delay In Reaching $10 Billion Revenue Goal By 2027: Report
Levi Strauss may be delayed in its goal of reaching $10 billion in revenues by 2027.
Apollo Plans To Invest $5 Billion In Intel: Reports
Apollo wants to put in an equity-like investment in Intel, according to reports.
Alaska Airlines Experiences IT Outage, Disrupting Operations And Delaying Flights
On Monday, the airline reported it had to issue a ground stop for arrivals in Seattle for about two hours. The issue has now been resolved, but the airline still expects some post-outage impact on its operations.
Nike Veteran Executive Elliott Hill To Replace John Donahoe As CEO
Hill will assume his new role on Oct. 14 and will also join the Board of Directors and the Executive Committee.
JetBlue Targets High-End Fliers With Plans To Open Premium Lounges In New York, Boston
JetBlue Airways will be opening airport lounges to cater to high-spending travelers.
US Jobless Claims Drop To Four-Month Low, Indicating Job Market Recovery
Unemployment claims in the U.S. dropped in 4th-month low, which signals better conditions in the job market.
Iranian Hackers Stole Trump Campaign Data And Sent It To Biden's Camp: FBI
They did it to 'sow discord and shape the outcome of U.S. elections.'
US Files $100M Lawsuit Against Ship Owner For Deadly Baltimore Bridge Collapse
The lawsuit seeks to recover the costs incurred in responding to the fatal disaster and for clearing the wreck and bridge debris from the navigable channel
Teamsters Union Not To Endorse Any Presidential Candidate, Trump Calls It 'A Great Honor'
Teamsters union will not be endorsing any presidential candidate for November election.
Apple in talks with JPMorgan to transfer Apple Card from Goldman Sachs: Report
Apple and JPMorgan Chase are in talks over a possible takeover of Apple Card from Goldman Sachs.
Elon Musk's SpaceX plans to sue FAA, cites $633K fine as 'regulatory overreach'
Musk's remarks come after the FAA announced that it is planning to levy a $633,000 fine on SpaceX because of the company's alleged failure to comply with a number of safety and licensing regulations during two of its launches in 2023.
Decision on US Steel takeover by Nippon delayed until after election
The Biden administration granted the request of Nippon Steel for an extended review on the planned takeover of U.S. Steel.
Charter Rolls Out Cheaper Internet Plans To Enhance Customer Loyalty
Charter's CEO, Chris Winfrey, expressed his desire for customers to associate reliability and credibility with their cable and broadband provider. He further said that the company is rolling out changes that would help in achieving this goal.
Intel Signs AI Chip Deal With Amazon, To Split Foundry Business As Separate Subsidiary
Intel closed a deal with Amazon to manufacture AI chips for the e-commerce company.
Expected Fed Rate Cuts Won't Have Much Impact On Mortgage Market, Says Gary Cohn
"I do not see a major impact to the mortgage market or credit-card financing or anything else by the Fed starting to drop rates this week," Cohn said.
German Billionaire Mathias Döpfner, KKR Nearing Deal On Splitting Axel Springer
German Billionaire Mathias Döpfner And KKR are close to pushing through with the deal of splitting Axel Springer.