Ford Motor Company, a stalwart in the automotive industry, is facing a crucial juncture in its evolution as it shifts its focus in electric vehicle (EV) production. On a recent Wednesday, Ford announced significant changes, which include delaying the production of its next-generation all-electric pickup truck and canceling plans for a new three-row electric SUV.
Business
Alaska Airlines has successfully navigated a significant regulatory checkpoint in its quest to acquire Hawaiian Airlines. The recent indication from the U.S. Justice Department signifies that the extensive review period for antitrust issues related to this potential merger has concluded, and notably, it did so without any legal opposition. This conclusion is particularly crucial, coming
California’s escalating challenge with retail crime has sparked a legislative response aimed at curbing the tide of theft that has plagued businesses throughout the state. Recently, Democratic Governor Gavin Newsom signed ten new bills intended to address various forms of retail theft, ranging from traditional shoplifting to more complex organized crime activities involving online marketplaces.
In a world increasingly driven by convenience and technology, Starbucks stands at a crossroads, burdened by operational inefficiencies tied to its mobile ordering system. Incoming CEO Brian Niccol faces the Herculean task of mending these operational fissures as he steps into his role on September 9. The company has recently stumbled, with declining same-store sales
SpaceX is on the verge of an extraordinary venture—the Polaris Dawn mission, set to launch in the early hours of August 26. This ambitious project marks the first step in a sequence of three flights funded by billionaire Jared Isaacman, the founder of Shift4 Payments, under the newly minted Polaris Program. This initiative aims to
In a significant escalation of tensions, Shawn Fain, President of the United Auto Workers (UAW), has directed pointed criticism at Stellantis CEO Carlos Tavares, accusing him of not only price gouging consumers but also of failing to uphold labor agreements set by the union. This accusation surfaced in a video released on a Friday afternoon,