Skechers executives escort Kanye West out of building, company says
(CNN) — Athletic shoe company Skechers said in a statement Wednesday that two of its executives escorted embattled…
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Skechers executives escort Kanye West out of building, company says
By Rob McLean, CNN Business Athletic shoe company Skechers said in a statement Wednesday that two of its executives escorted embattled musician Kanye…
Continue Reading Ford, VW pull plug on robotaxis in blow to self-driving car industry
By Matt McFarland, CNN Business Ford and Volkswagen, two of the world’s largest automakers, are shutting down their joint effort to develop…
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Ford disbands Argo AI autonomous vehicle unit, posts loss
By TOM KRISHER AP Auto Writer DETROIT (AP) — Ford is disbanding Argo AI, the autonomous vehicle company it co-owns with Volkswagen. The company…
Continue Reading Facebook parent Meta’s revenue, profit decline amid ad slump
By BARBARA ORTUTAY AP Technology Writer Facebook parent Meta has reported that its revenue declined for a second consecutive quarter. That is raising…
Continue Reading Meta’s stock falls 17% as its quarterly profit is cut in half
By Clare Duffy, CNN Business Meta on Wednesday posted the second quarterly revenue decline in its history since going public and warned that it is…
Continue Reading Microsoft, Spotify fall; Visa, Wingstop rise
NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Wednesday: Microsoft, Spotify fall; Visa, Wingstop…
Continue Reading How major US stock indexes fared Wednesday 10/26/2022
The Associated Press Stock ended mixed on Wall Street as investors weighed the latest batch of earnings reports, including weak results from several…
Continue Reading DOJ codifies rule barring secret subpoenas of journalists’ records
By Jessica Schneider and Hannah Rabinowitz, CNN Attorney General Merrick Garland announced Wednesday that the Justice Department formally introduced…
Continue Reading Second railroad union rejects deal, adding to strike worries
By JOSH FUNK AP Business Writer OMAHA, Neb. (AP) — A second railroad union rejected its deal with the major U.S. freight railroads on Wednesday,…
Continue Reading Gambian lawmakers urge compensation for children’s deaths
By ABDOULIE JOHN Associated Press BANJUL, Gambia (AP) — Gambian lawmakers are calling for compensation for the families of 70 children who…
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AP sources: Musk in control of Twitter, ousts top executives
By BARBARA ORTUTAY, TOM KRISHER and MATT O’BRIEN AP Business Writers Elon Musk has taken control of Twitter and ousted the CEO, chief financial…
Continue Reading Mobileye goes public, raising Intel $861 million
By Matt McFarland, CNN Business Intel spun out its driver-assist subsidiary Mobileye Wednesday and raised $861 million in the initial public…
Continue Reading TJ Maxx cuts Yeezy-branded merchandise amid Kanye West fallout
By Parija Kavilanz, CNN Business The list of companies cutting ties with artist and designer Ye following a series of antisemitic remarks continues…
Continue Reading Ex-Teamsters’ boss gets 19 months in Chicago extortion case
CHICAGO (AP) — A once-powerful labor leader in Chicago has been sentenced to 19 months in federal prison for extorting $325,000 in cash payments…
Continue Reading Closing prices for crude oil, gold and other commodities
The Associated Press Benchmark U.S. crude oil for December delivery rose $2.59 to $87.91 a barrel Wednesday. Brent crude for December delivery rose…
Continue Reading Elon Musk visiting Twitter headquarters this week ahead of expected deal closing
By Donie O’Sullivan and Clare Duffy, CNN Business Elon Musk plans to visit Twitter’s San Francisco office this week ahead of the expected…
Continue Reading Threat of rail strike rises as members of another union reject proposed labor deal
By Chris Isidore and Vanessa Yurkevich, CNN Business Rank and file members of another railroad union have rejected a tentative labor deal, a move…
Continue Reading New SEC rule requires executives to give back bonuses when accountants screw up
By Nicole Goodkind, CNN Business The Securities and Exchange Commission voted Wednesday to adopt a new rule that would require public companies to…
Continue Reading GM: All US facilities will be powered by renewables by 2025
DETROIT (AP) — General Motors said Wednesday that it has secured all of the renewable energy it needs to power its U.S. facilities by 2025, well…
Continue Reading A California marijuana company is being sued over the potency of its joints
By Zoe Sottile and Claudia Dominguez, CNN Two disgruntled customers are suing a California marijuana company, alleging that their prerolled joints…
Continue Reading Executives could forfeit some compensation under new rule
Associated Press Securities regulators wants to make sure publicly traded companies recover any executive compensation that’s awarded based on…
Continue Reading It’s ugly. It was catching fire. It’s old tech. GM is selling the Chevy Bolt like hotcakes
By Peter Valdes-Dapena, CNN Business General Motors makes a big deal out of the Ultium battery technology underpinning its new and upcoming electric…
Continue Reading Analysts say Canada telecom merger could still go forward
TORONTO (AP) — Analysts say a multi-billion-dollar merger between two of Canada’s largest telecommunication companies,could still be completed…
Continue Reading With Americans feeling pinched, Biden targets ‘junk fees’
By KEN SWEET AP Business Writer NEW YORK (AP) — With time running out before the election, President Joe Biden highlighted his…
Continue Reading August airline passenger complaints up 320% compared with pre-pandemic figures
By Pete Muntean, CNN The federal government saw a spike in complaints from angry airline passengers in August, the last full month of a summer marked…
Continue Reading Thai transgender activist buys Miss Universe org for $20M
BANGKOK (AP) — A Thai business tycoon and transgender activist has purchased the Miss Universe Organization for $20 million, her company announced…
Continue Reading Apple will support USB-C charging to comply with new EU requirement, exec says
By Samantha Murphy Kelly, CNN Business The iPhone will support USB-C charging in the European Union to comply with a new ruling that mandates…
Continue Reading Top Senate Democrat warns the Fed against causing mass job losses
By Matt Egan, CNN Business Democratic Sen. Sherrod Brown is warning the Federal Reserve not to attack inflation so aggressively that it undoes the…
Continue Reading A key market indicator is signaling a recession
By Paul R. La Monica, CNN Business Recession worries continue to haunt Wall Street. A key indicator in the bond market is flashing signs of a…
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