Companies
All the latest news on companies in the world - mergers, bankruptcy, recalls, debt, recovery, profit, sales
Companies | LATEST STORIES
Toyota Recalls 43,500 Tundra Vehicles, Says Engine Debris May Cause Stalls
As of May 13, the automaker had received 360 warranty claims related to engines but had no reports of accidents resulting from the malfunction.
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US Space Force Awards SpaceX $2.29 Billion Contract to Build Space Data Highway
The U.S. Space Force said SpaceX must deliver a fully operational prototype capability by the end of 2027.
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American Airlines to Install Starlink on 500 Jets
Starlink, which has over 9,000 active satellites in space, has already served more than 21 million airline passengers.
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Ferrari Shares Fall Following Electric Vehicle Debut
The Luce, which departs sharply from Ferrari’s traditional image of two-seat, combustion-engine sports cars, got a cold reception.
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CEO of Cloud Storage Pioneer Dropbox to Step Down After 19 Years
Dropbox beat guidance on both revenue and operating margin in the first quarter.
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Eli Lilly Buys 3 Vaccine Companies in $3.8 Billion Deal to Expand Infectious Disease Push
The drugmaker said the acquisitions target shingles, antibiotic-resistant bacteria, and Epstein-Barr virus.
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China Moves to Shut Down Offshore Stock-Trading Channels Used by Mainland Investors
The clampdown hits a route that Chinese investors use to trade U.S. and Hong Kong stocks, raising capital-control and other concerns.
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Supreme Court Rules Against Employers in Dispute Over Pension Plans
The new ruling clarifies the rules for companies withdrawing from underfunded union pension plans.
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Retail Giants Post Higher Sales but Consumers Show Signs of Strain
Both Target and Walmart reported strong quarterly results but offered a cloudy outlook.
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Waymo Halts Freeway Service in 4 Cities to Implement Improvements
The announcement to pause highway service in Miami, San Francisco, Los Angeles, and Phoenix follows a recall in May.
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Hyundai Recalls 421,000 Cars in US Over Unexpected Brake Activation
Four rear-end crashes have been linked to Hyundai vehicles that braked unexpectedly.
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Child Safety Groups Urge FTC to Investigate Roblox
Users as young as 5 are able to open an account on Roblox, the complaint claims.
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Senior Labor MP Acknowledges CGT Changes May Not Suit Start-ups, Small Businesses
‘The point that many start-up founders, the point that many small businesses have been making is valid,’ said Labor Cabinet Secretary Andrew Charlton.
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Australian Mexican Fast Food Chain Guzman Y Gomez Exits US Market
The U.S. exit is expected to result in a one-off non-cash and cash expense of between US$30 million and US$40 million in the 2026 financial year.
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Apple Asks Supreme Court to Review Contempt Order in Epic Games Lawsuit
A federal judge previously found the company flouted her injunction against anticompetitive business practices.
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Elon Musk’s X to Pay $750,000 After Delayed Replies to eSafety Commissioner
Failure to fully comply on time with an eSafety Commissioner request has cost social media platform X Corp after a ruling in the Federal Court.
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AvalonBay, Equity Residential to Merge to Create Multifamily Giant
The new entity would own more than 180,000 multifamily housing units.
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US Invests $2 Billion in IBM, Other Firms to Boost Quantum Computing
IBM, GlobalFoundries, and several emerging firms are set to benefit from one of the government’s largest quantum-related investments to date.
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Stellantis to Refocus on Ram, Jeep in $70 Billion Turnaround Push
To help cut costs and simplify production, Stellantis plans to launch a new ‘STLA One’ vehicle platform in 2027.
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