Unions representing Las Vegas Strip workers struck a tentative deal with Caesars Entertainment, one of three casino companies working to avert a strike that could start on Friday if more agreements aren’t…
Tag: corporate
Cruise Recalls Driverless Vehicles Over Software Issue
Cruise, the self-driving vehicle unit of General Motors, has issued a voluntary software recall after Californian regulators suspended the company’s license to operate in the state following an accident that left a…
Former NYSE President in Talks to Reboot FTX Exchange
A company run by former New York Stock Exchange President Tom Farley is among three suitors vying to buy the remnants of FTX, as the auction for the collapsed cryptocurrency exchange founded…
Why Rivian Can’t Be the Next Tesla
Rivian is on a better road than Lucid, but none of America’s electric-vehicle startups looks much like being the next Tesla. Rivian is finding its cruising speed—slower but more controllable than the…
Amazon to Offer Lower-Cost Primary Care to Prime Members in Latest Healthcare Push
Amazon.com is turning to Prime members to bolster its healthcare business, an industry the company has sought to crack for years without significant success. The tech giant on Wednesday revealed plans to…
A ‘Zelda’ Movie Could Mint Money for Nintendo
Nintendo’s Super Mario brothers smashed, jumped and climbed their way into box office fame. Now the Italian-American plumbers’ colleague Link is looking to make his mark too. For investors, that is great…
UK Commercial Property REIT in All-Share Merger Talks With Picton Property
By Ian Walker UK Commercial Property REIT said Wednesday that it is in all-share merger talks with Picton Property Income, while cautioning that there is no certainty any deal will be agreed….
Adidas 3Q Net Pft EUR259M
By Andrea Figueras Adidas on Wednesday posted a decline in net profit and sales for the third quarter while it continued to reduce high inventory levels. The German athletic apparel and footwear…
Upstart’s stock gets hammered as earnings outlook comes in light
Upstart Holdings Inc. shares tumbled 23% in Tuesday’s extended session after the company, which uses artificial intelligence to inform lending decisions, came up short with its quarterly results and outlook. The company…
Rivian raises production guidance for the year, narrows quarterly loss
Rivian Automotive Inc. late Tuesday posted a narrower quarterly loss and surprised Wall Street by raising its production guidance for the year and ending its exclusivity deal with Amazon.com Inc. for its…