Category: News

A judge approved adding independent directors to Kal Freight’s board after the bankrupt trucking firm was accused of double-pledging its trucks as collateral to obtain financing.

Microsoft Corp. plans to take an $800 million charge after General Motors Co. said it was shutting down its autonomous taxi initiative.

Tesla shares climbed to a record for the first time since November 2021, buoyed by optimism the company’s self-driving ambitions can get a boost under the forthcoming Trump administration.

Nissan is overhauling its executive bench, seeking to bring in new talent to turn around the Japanese carmaker that’s facing eroding profits and a dearth of revenue-generating products.

The Biden administration is weighing new, harsher sanctions against Russia’s lucrative oil trade, seeking to tighten the squeeze on the Kremlin’s war machine.

The main owner of chocolate maker Hershey has rejected a preliminary takeover offer from Mondelez International Inc., people familiar with the matter said.

An indictment in a New Orleans-area scheme to stage crashes with tractor-trailers names two law firms, two individual attorneys and multiple participants in a sweeping conspiracy.

Mondelez International’s latest overture to Hershey underscores the challenges posed by high cocoa prices and penny-pinching consumers, which could make the company more open to a deal.

Continental AG Chief Financial Officer Olaf Schick will step down from his post next year to join carmaker Mercedes-Benz Group AG.

Exxon Mobil will raise capital spending next year as its $60 billion purchase of Pioneer Natural Resources increases its oil production plans, threatening to worsen an expected crude glut.