business news
Alphabet announces $70 billion buyback
CEO of Alphabet and Google Sundar Pichai during press conference at the Chancellery in Warsaw, Poland on March 29, 2022. Mateusz Wlodarczyk | Nurphoto | Getty Images Alphabet said on Tuesday that its board of directors authorized $70 billion in share repurchases, a major step up from last year’s authorization of $50 billion and authorization […]
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Amazon won’t face OSHA penalties after warehouse collapse
The site of a roof collapse at an Amazon.com distribution center in Edwardsville, Illinois. Drone Base | Reuters The Labor Department has ordered Amazon to review how it responds to severe weather events following an investigation into a deadly warehouse collapse in Illinois last year but is not levying a citation with fines or other […]
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General Motors now has 140,000 reservations for its electric Chevrolet Silverado pickup, due in 2023
2024 Chevrolet Silverado EV RST GM General Motors now has about 140,000 reservations for the upcoming electric version of its Chevrolet Silverado pickup, CEO Mary Barra said during GM’s first-quarter earnings presentation on Tuesday. GM has promised that the Silverado EV will have at least 400 miles of range, new fast-charging capabilities, and a four-wheel […]
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Ford CEO says the automaker plans to challenge Tesla as global EV leader
Ford CEO Jim Farley at the company’s Dearborn, Michigan, plant where it’s building the electric F-150 Lightning on April 26, 2022. CNBC | Michael Wayland DEARBORN, Mich. — Ford Motor has set its sights on topping Tesla in the race to become the global leader in electric vehicles, CEO Jim Farley said Tuesday. The goal […]
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Microsoft earnings beat across the board
Microsoft CEO Satya Nadella speaking at the DLD (Digital-Life-Design) conference in Munich, Germany, on Jan. 16, 2017. Tobias Hase | dpa | picture alliance | Getty Images Microsoft shares were flat in extended trading on Tuesday after the software maker issued fiscal third-quarter earnings that exceeded analysts’ expectations. Here’s how the company did: Earnings: $2.22 […]
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Alphabet reports miss on earnings and revenue
Alphabet CEO Sundar Pichai gestures while speaking during a discussion on artificial intelligence at the Bruegel European economic think tank in Brussels, Belgium, on Jan. 20, 2020. Geert Vanden Wijngaert | Bloomberg | Getty Images Alphabet reported first quarter earnings after the bell. Here are the results: Earnings per share (EPS): $24.62 per share, vs. […]
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Senate confirms Lael Brainard as Fed vice chair
U.S. Federal Reserve board member Lael Brainard speaks after she was nominated by U.S. President Joe Biden to serve as vice chair of the Federal Reserve, in the Eisenhower Executive Office Building’s South Court Auditorium at the White House in Washington, U.S., November 22, 2021. Kevin Lamarque | Reuters The U.S. Senate on Tuesday confirmed […]
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Republican Rep. Madison Cawthorn cited for bringing loaded gun to North Carolina airport
Rep. Madison Cawthorn, R-N.C., is seen in the U.S. Capitol as House Minority Leader Kevin McCarthy, R-Calif., spoke at length on the House floor to delay the Build Back Better Act vote on Thursday, November 18, 2021. Tom Williams | Cq-roll Call, Inc. | Getty Images Rep. Madison Cawthorn was cited on a misdemeanor criminal […]
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Same-day theatrical and streaming releases are dead as a business model, movie theater group CEO says
President & CEO of NATO John Fithian speaks onstage during CinemaCon 2021 The State of the Industry and MGM/UAR Presentation at The Colosseum at Caesars Palace during CinemaCon, the official convention of the National Association of Theatre Owners, on August 24, 2021 in Las Vegas, Nevada. David Becker | Getty Images Entertainment | Getty Images […]
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FAA, airlines will meet to discuss flight disruptions in Florida as travel booms
Travelers look at a display board showing cancelled and delayed flights at Orlando International Airport on New Year’s weekend, despite thousands of flight cancellations and delays across United States. Paul Hennessy | Lightrocket | Getty Images The Federal Aviation Administration will meet with major U.S. airline staff next month to discuss ways to improve the […]
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