US Business

Adani Group said its companies have enough cash to meet debt obligations, days after a U.S. indictment against founder Gautam Adani sparked a multibillion-dollar selloff in the Indian conglomerate’s stocks.

Kingfisher said recent political and macroeconomic events are adding further uncertainty to its outlook after it posted worse-than-expected quarterly sales and narrowed down its profit guidance.

The Australian company is betting American-made graphite will be in demand as battery makers seek to reduce their reliance on China for materials essential to the energy transition

The retailer delayed its quarterly results after it said an employee hid up to $154 million in delivery expenses over several years, prompting an investigation.

Gov. Gavin Newsom said greenhouse-gas credits would fund EV rebates.

The workforce will be reduced by 40% through job cuts, outsourcing and business sales. There are 27,000 jobs in production and administration.

Oneok shares will be used to acquire all of the outstanding publicly held units of EnLink Midstream for $4.3 billion.

Chains attract bargain seekers, but, as one customer says, “I get the deal that I want, and that’s usually all.”

SG’s stock jumped 20% on the announcement, which came five weeks after the company reiterated guidance for an annual underlying profit of between A$88 million and A$95 million.

Texas Gigafactory ran afoul of environmental overseers; a faulty furnace door and hazardous wastewater.