US Business

The move is part of a cost-cutting effort to ensure the electric-vehicle startup can grow its manufacturing operations without raising additional funds, CEO RJ Scaringe said.

The social-media giant missed Wall Street’s sales expectations but added users, defying analysts’ projections. Shares fell after hours.

The U.S. manufacturer has been hobbled by a series of issues with its 787 Dreamliner that have left it with more than $25 billion of the aircraft in inventory.

Two U.S. senators are preparing legislation that would give merchants power to process many Visa and Mastercard credit cards over different networks.

The software giant reported its lowest earnings growth in two years as it starts to experience the effects of an ending pandemic-era boom.

The vote is set for Sept. 13 after the billionaire indicated on July 8 he no longer intended to go through with the deal.

A Texas jury found the cable company responsible for the robbery and murder of a customer by one of its technicians three years ago.

Coca-Cola, Unilever and Kimberly-Clark were among the companies reporting that price increases helped them cover cost inflation, but they are watching how consumers respond.

The auto maker’s net profit tumbled 40% in the second quarter, reflecting challenges with supply-chain disruptions.

The move comes as Beijing and Washington remain at loggerheads over the audits of U.S.-listed Chinese companies.