US Business

Vestas Wind Systems could cut hundreds of jobs at its Isle of Wight factory as it plans to repurpose the site to manufacture onshore turbine blades.

Carmaker cites competition, time and costs needed to scale the business.

The ruling hands a victory to Biden antitrust enforcers, who said the $20 billion supermarket merger would erode competition and raise prices for consumers.

Chris Morris’ exit comes as the company reports a significantly wider loss and lower revenue for its fiscal third quarter.

Jason Miller, Janet Yellen, Michael Casey and more will discuss Trump’s agenda, the economy and cybersecurity at the summit Tuesday afternoon.

Hershey said Del Pozzo will depart this week, with President and CEO Michele Buck assuming oversight of the business while the Hershey, Pa., company works to identify a successor.

The Wall Street Journal reported Sunday that the companies were in advanced merger talks.

The moves mark the automaker’s most visible shake-up under an interim management committee headed by Chairman John Elkann.

More than 97.5% of shareholders’ votes were in favor of plans to spin off its television business Canal+, its advertising and public relations business Havas, and create a new company known as Louis Hachette Group.

The arms producer and drone software company have reached a deal to cooperate in creating an industry standard for controlling and operating unmanned drones, which is expected to benefit Ukraine in its war against Russia.