Business News

Ford posts $523 million 4Q net loss on accounting charge for pensions but beats analyst estimates
2024-02-07 10:56:14
Ford Motor Co. on Tuesday reported that it swung to a net loss in the fourth quarter due to a large accounting charge on pension plans and the effects of a six-week strike at multiple factories by the United Auto Workers union.
Snap shares plummet after disappointing results
2024-02-07 10:54:00
Shares in social media company Snap, which runs the youth-focused Snapchat, plummeted on Tuesday after the company posted disappointing earnings.
Ex-staff accuse SpaceX of sexual harassment, discrimination
2024-02-07 10:54:00
Former employees at Elon Musk's SpaceX have expanded their legal case against the rocket-making company that they accuse of discrimination and sexual harassment.
Why fashion's 'recycling' is not saving the planet
2024-02-07 10:54:00
In H&M's flagship Paris store it is hard to find clothes that don't claim to be made from "recycled materials".
Postal Service, once chided for slow adoption of EVs, announces plan to cut greenhouse gas emissions
2024-02-07 00:54:14
The U.S. Postal Service announced sweeping plans Tuesday to reduce greenhouse emissions by diverting more parcels from air to ground transportation, boosting the number of electric vehicles, cutting waste sent to landfills and making delivery routes more efficient.
Companies can become more creative by adapting their strategy to include AI and generative AI
2024-02-06 21:40:04
New research published in the British Journal of Management, led by a Royal Holloway academic, suggests that organizations who are willing to adapt their strategy and adopt new AI solutions will see higher levels of creativity.
NTSB says bolts on Boeing jetliner were missing before a panel blew out in midflight last month
2024-02-06 21:40:03
Bolts that helped secure a panel to the frame of a Boeing 737 Max 9 were missing before the panel blew off the Alaska Airlines plane last month, according to accident investigators.
Where are the new AI jobs? Just ask AI
2024-02-06 21:40:03
Together, D.C., Virginia and Maryland lead the nation in the percentage of job postings requiring artificial intelligence (AI) skills, and overall, the D.C. region is the second-biggest hub of new AI jobs, according to a new mapping project led by University of Maryland researchers.
EU strikes deal on clean tech to compete with China, US
2024-02-06 19:37:27
EU states and lawmakers clinched a deal on Tuesday to expand Europe's clean tech production, from solar and wind to carbon capture, as the bloc faces off with China and the United States.
Toyota to invest $1.3B at Georgetown, Kentucky, factory to build battery packs and new electric SUV
2024-02-06 19:37:27
Toyota says it will invest $1.3 billion at its huge factory complex in Georgetown, Kentucky, in part so it can build an all-new three-row electric SUV to be sold in the U.S.
Taiwan chip giant TSMC announces second Japan plant
2024-02-06 18:42:13
TSMC will build a second foundry in Japan, the semiconductor giant and its local partners announced Tuesday, weeks before its first in the country officially opens.
Ultrafast reservoir production forecasting boasts speed and accuracy
2024-02-06 17:38:18
Imagine a task that used to take 11 minutes now taking less time than the blink of an eye. Couple that speed increase with 97% accuracy, and these are the results researchers at Texas A&M University achieved when combining machine learning, neural networks and novel compression tactics in a new project advancing reservoir production forecasts.
Adam Neumann got kicked out of WeWork — now he wants to buy it
2024-02-06 15:11:02
Adam Neumann wants to get back in WeWork.
NIO Capital raises new RMB 3 bln fund despite cooling VC climate · TechNode
2024-02-06 14:36:53
The NIO-related growth-stage investor has backed some of the rising stars in the Chinese automotive world such as Momenta.
JD boosts investments for employees and shoppers amid intense e-commerce competition · TechNode
2024-02-06 14:36:53
Chinese e-commerce giant JD said on Monday that it has raised the salary for its over 20,000 customer service staff from Feb. 1, with more than a 30%
Taobao offers $140 million red packets to shoppers, boosting user engagement and sales · TechNode
2024-02-06 13:29:24
Alibaba’s domestic marketplace, Taobao, is on the way to giving away red packets worth a total of RMB 1 billion ($140 million) that could be used for
Spotify reports record growth in a year of layoffs and price hikes
2024-02-06 13:29:06
Days after renewing its Joe Rogan podcast deal.
The head of FAA pledges to hold Boeing accountable for any violations of safety rules
2024-02-06 11:33:19
The new chief of the Federal Aviation Administration says the agency will use more people to monitor aircraft manufacturing and hold Boeing accountable for any violations of safety regulations.
Toyota raises annual net profit forecast as chip shortage eases
2024-02-06 09:36:41
Japan's Toyota raised its annual net profit forecast to a record high on Tuesday, reporting strong sales in all regions in the first three quarters as the global semiconductor shortage eases.
Japan game maker Nintendo reports solid profit on a jump in Super Mario sales
2024-02-06 09:36:41
Nintendo reported healthy sales and profits on the back of the hit "Super Mario Bros. Wonder" game, prompting the Japanese video game maker to raise its full fiscal year forecasts.

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