Economy Nov 03 Tylenol, Kleenex, Band-Aid and more put under one roof in $48.7 billion consumer brands deal Kenvue shareholders will receive $3.50 per share in cash and 0.14625 Kimberly-Clark shares for each Kenvue share held at closing.
Economy Oct 28 Amazon to lay off 14,000 corporate employees as spending on artificial intelligence accelerates The cuts announced Tuesday amount to about a 4% reduction in its corporate workforce.
Nation Oct 14 GM takes $1.6 billion hit as incentives for EVs slashed and emission rules eased General Motors will book a negative impact of $1.6 billion in its next quarter after tax incentives for electric vehicles were slashed by the U.S. and rules governing emissions are relaxed. S…
Nation Oct 01 U.S. government taking stake in company operating massive lithium mine in Nevada The U.S. government is taking a minority stake in Lithium Americas, a company that is developing one of the world’s largest lithium mines in northern Nevada.
Nation Sep 23 Tylenol maker shares rebound a day after Trump’s unfounded claims about its safety Trump told pregnant women not to use the painkiller around a dozen times during the White House news conference Monday.
Nation Sep 17 Jerry quits Ben & Jerry’s, saying independence on social issues has been stifled by Unilever Ben & Jerry’s co-founder Jerry Greenfield is leaving the ice cream brand after 47 years. He says the freedom the company used to have to speak up on social issues has been stifled.
Nation Sep 08 SpaceX pays $17 billion to acquire spectrum licenses from EchoStar SpaceX has reached a deal worth about $17 billion with EchoStar for spectrum licenses that it will use to beef up its Starlink satellite network.
Economy Sep 02 Kraft Heinz will split back into 2 companies a decade after merger Kraft Heinz's net revenue has fallen every year since 2020.
Economy Aug 07 Trump says Intel’s CEO must resign, sending its stock tumbling President Donald Trump made a social media post after Sen. Tom Cotton sent a letter to Intel Chairman Frank Yeary expressing concern over CEO Lip-Bu Tan’s investments and ties to semiconductor firms that are reportedly linked to the Chinese Communist…
Economy Aug 04 Musk is getting millions of Tesla shares worth about $29 billion after judge ordered his pay package revoked Tesla is awarding CEO Elon Musk 96 million shares of restricted stock. In December Delaware Chancellor Kathaleen St. Jude McCormick reaffirmed her earlier ruling that Tesla must revoke Musk’s multibillion-dollar pay package.