US Business

The fast-food chain said Penegor, who has served as CEO since 2016 and joined the company a decade ago, will leave in February.

Shares jumped after news of the AT&T and Google investments, then reversed course after the company launched the offering.

The regional air carrier said it has amended its CPA agreement with United to increase its block-hour rate, which should generate about $63.5 million in extra revenue

The layoffs are expected to be smaller and more targeted than those in 2023.

Shares of European and Chinese automakers fell after Tesla continued to cut prices, amid heightened global competition and uncertain demand in the electric-vehicle market.

Taiwan Semiconductor Manufacturing Co.’s fourth-quarter net profit fell from a year earlier as revenue from chips used in Internet of Things decreased and margins deteriorated.

A pair of allied Korean carmakers are pushing to launch electric vehicles ahead of competitors.

The company has expanded beyond music to stay ahead but has struggled to make money.

Sandberg said she will not stand for re-election to the board in May, and that she will serve as an adviser to the company.

The billionaire said in a post to X that he feels uncomfortable making the auto company a champion of artificial intelligence without holding about 25% of the company.