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GM to sell stake in battery cell plant to joint venture partner for roughly billion

GM to sell stake in battery cell plant to joint venture partner for roughly $1 billion

Business News

General Motors revealed its all-new modular platform and battery system, Ultium, on March 4, 2020 at its Tech Center campus in Warren, Michigan. Photo by Steve Fecht for General Motors DETROIT — General Motors plans to sell its stake in a $2.6 billion electric vehicle battery cell plant in Michigan to its joint venture partner […]

GM to sell stake in battery cell plant to joint venture partner for roughly $1 billion Read More »

Stellantis CEO Carlos Tavares resigns amid problems in U.S., falling sales

Stellantis CEO Carlos Tavares resigns amid problems in U.S., falling sales

Business News

Carlos Tavares, chief executive officer of Stellantis NV, speaks to the media at the Stellantis auto manufacturing plant in Sochaux, France, on Thursday, Oct. 3, 2024.  Nathan Laine | Bloomberg | Getty Images DETROIT — Stellantis CEO Carlos Tavares has unexpectedly resigned from the automaker amid increasingly “different views” between the executive and the board

Stellantis CEO Carlos Tavares resigns amid problems in U.S., falling sales Read More »

‘Moana 2’-led Thanksgiving box office could be best in post-pandemic era

‘Moana 2’-led Thanksgiving box office could be best in post-pandemic era

Business News

AuliÊ»i Cravalho voices Moana in Disney Animation’s “Moana 2.” Disney The domestic box office is poised for its biggest Thanksgiving haul since the pandemic thanks to a Polynesian princess, a pair of witches and a revenge-fueled gladiator. Disney’s “Moana 2” hit theaters Wednesday and is expected to generate between $120 million and $150 million in

‘Moana 2’-led Thanksgiving box office could be best in post-pandemic era Read More »

College Football Playoff expansion boosts advertising, viewership at Disney

College Football Playoff expansion boosts advertising, viewership at Disney

Business News

Donovan Edwards #7 of the Michigan Wolverines hurdles a tackle attempt by Michael Taaffe #16 of the Texas Longhorns during the first half of a college football game at Michigan Stadium on September 07, 2024 in Ann Arbor, Michigan.  Aaron J. Thornton | Getty Images Sport | Getty Images The expanded College Football Playoff format

College Football Playoff expansion boosts advertising, viewership at Disney Read More »

As retailers enter the holiday shopping season, the winners are pulling away from the pack

As retailers enter the holiday shopping season, the winners are pulling away from the pack

Business News

Shoppers outside a Target store ahead of Black Friday, in Clifton, New Jersey, Nov. 26, 2024. Victor J. Blue | Bloomberg | Getty Images As the holiday season heats up, retailers are getting a fresh opportunity to attract even the most selective shoppers and convince them to splurge on discretionary items like party outfits, makeup

As retailers enter the holiday shopping season, the winners are pulling away from the pack Read More »

Will the election boost Black Friday and holiday spending? It may depend on how you voted

Will the election boost Black Friday and holiday spending? It may depend on how you voted

Business News

BATTLE CREEK, MICHIGAN – DECEMBER 18: A hat tops off a Christmas tree at a “Merry Christmas” rally hosted by U.S. President Donald Trump at the Kellogg Arena on December 18, 2019 in Battle Creek, Michigan. The House of Representatives will vote later today to determine if Trump will become the third president in U.S.

Will the election boost Black Friday and holiday spending? It may depend on how you voted Read More »

Nordstrom tops Wall Street’s earnings expectations, as shoppers buy more clothes and shoes

Nordstrom tops Wall Street’s earnings expectations, as shoppers buy more clothes and shoes

Business News

A sign marks the location of a Nordstrom store in a shopping mall on March 20, 2024 in Chicago, Illinois.  Scott Olson | Getty Images Nordstrom on Tuesday beat Wall Street’s quarterly sales expectations, as revenue grew about 4% year over year from shoppers buying clothing, shoes and activewear at both the company’s namesake department

Nordstrom tops Wall Street’s earnings expectations, as shoppers buy more clothes and shoes Read More »

Walmart pulls back on DEI efforts, removes some LGBTQ merchandise from website

Walmart pulls back on DEI efforts, removes some LGBTQ merchandise from website

Business News

Walmart Supercenter in Burbank onThursday, Nov. 21, 2024.  Allen J. Schaben | Los Angeles Times | Getty Images Walmart on Monday confirmed that it’s ending some of its diversity initiatives, removing some LGBTQ-related merchandise from its website and winding down a nonprofit that funded programs for minorities. The nation’s largest employer, which has about 1.6

Walmart pulls back on DEI efforts, removes some LGBTQ merchandise from website Read More »

Constellation Brands’ stock falls as Trump tariff plan threatens to make Modelo and Corona more expensive

Constellation Brands’ stock falls as Trump tariff plan threatens to make Modelo and Corona more expensive

Business News

Packages of Modelo Especial beer are displayed for sale in a grocery store on June 14, 2023 in Los Angeles, California.  Mario Tama | Getty Images Shares of Constellation Brands fell 4% in morning trading after President-elect Donald Trump announced plans to place a 25% tariff on Mexican imports once he’s inaugurated. Constellation imports all

Constellation Brands’ stock falls as Trump tariff plan threatens to make Modelo and Corona more expensive Read More »

Amgen says obesity drug caused up to 20% weight loss after a year, but shares drop 10%

Amgen says obesity drug caused up to 20% weight loss after a year, but shares drop 10%

Business News

The Amgen logo is displayed outside Amgen headquarters in Thousand Oaks, California, on May 17, 2023. Mario Tama | Getty Images Amgen on Tuesday said its experimental weight loss injection helped patients with obesity lose up to 20% of their weight on average after a year in a critical mid-stage trial, as the company races

Amgen says obesity drug caused up to 20% weight loss after a year, but shares drop 10% Read More »

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