DETROIT — The poor performance of General Motors’ Chinese joint ventures is forcing the company to…
Mergers and acquisitions
Trump vows to block Japanese steelmaker from buying US Steel, pledges tax incentives and tariffs
HARRISBURG, Pa. — President-elect Donald Trump is underscoring his intention to block the purchase of U.S.…
General Motors to sell its stake in Lansing, Michigan, battery factory to LG Energy Solution
DETROIT — General Motors has reached an agreement to sell its stake in a nearly completed…
Volkswagen and Chinese partner SAIC to sell joint venture plant in west China’s Xinjiang
BANGKOK — BANGKOK (AP) — Volkswagen and Shanghai’s SAIC Motor have agreed to sell a factory…
Maker of Coach handbags calls off merger with company that produces Michael Kors accessories
NEW YORK — Fashion company Tapestry on Thursday said it’s terminating its proposed merger with Capri…
Spirit Airlines delays release of Q3 financial results as debt restructuring talks heat up
NEW YORK — Shares of Spirit Airlines plunged Wednesday after the budget airline said that it…
Tapestry, Capri file notice to appeal court decision blocking their $8.5 billion merger
Tapestry and Capri Holdings have filed their notice to jointly appeal the decision by a U.S.…
The Biden administration is launching an investigation of competition in air travel
WASHINGTON — The Biden administration said Thursday it is launching a broad investigation into the state…
How the tiny Caribbean island of Anguilla has turned the AI boom into a digital gold mine
The artificial intelligence boom has benefited chatbot makers, computer scientists and Nvidia investors. It’s also providing…
PepsiCo lowers revenue forecast on weakening demand in the US
PepsiCo lowered its organic revenue forecast for the year after U.S. consumers continued to pull back…