Tag: Breaking news: business

  • Dodge Challenger SRT Demon resurrected for the last year of muscle cars

    Dodge is reviving its controversial muscle car model, the Challenger SRT Demon, with one last special edition of the vehicle before production of the brand’s current V8-engined cars ends later this year. Dodge says the new car will make a total of 1,025 horsepower, 945 foot-pounds of torque and will hit 60 mph in 1.66 […]

  • Virgin Orbit struggles to avoid bankruptcy as talks on the deal continue

    Virgin Orbit senior management held daily talks with potential investors over the weekend, people familiar with the matter told CNBC. A potential buyer resisted a proposed sale price of nearly $200 million, one person told CNBC — a price just below the company’s market value as of Friday’s close. Meanwhile, contingency plans are being worked […]

  • Tyson Foods lays off 1,700 employees and closes two chicken factories

    Tyson Foods is closing two chicken plants in May as part of a plan to bolster its poultry business. In the last quarter, the meat giant said its chicken business performed below expectations. Other food suppliers, including PepsiCo and Beyond Meat, have laid off workers in recent months to cut costs. A package of chicken […]

  • Investors Rush To Bonds, Gold Safe After SVB Rescue

    A trader works on the floor during morning trading on the New York Stock Exchange (NYSE) on March 10, 2023 in New York City. Spencer Plat | Getty Images Investors flocked to safe havens like government bonds and gold on Monday amid an extraordinary plan to shut down the banking system and limit the impact […]

  • Theory of Relativity’s first 3D-printed Terran 1 rocket launch

    3D printing specialist Relativity Space will attempt its first rocket launch on Saturday, having postponed an earlier attempt earlier this week. The company’s Terran 1 rocket launches from Cape Canaveral, Florida. The launch marks the most important test yet of the company’s ambitious production approach. 3D printing specialist Relativity Space will attempt its first rocket […]

  • Ford recalls 18 electric F-150 Lightning pickups after fire

    Ford is recalling 18 electric F-150 Lightning pickups that the company determined may have had a battery cell failure that caused a truck to catch fire last month. The Detroit automaker said Friday that the minor recall affects vehicles already delivered to customers and dealers. The automaker reiterated on Friday that production of the F-150 […]

  • FAA authorizes Boeing 787 Dreamliner deliveries after weeks of hiatus

    Boeing may resume deliveries of its 787 Dreamliners as early as next week, the Federal Aviation Administration said. Boeing said it had completed work on the wide-body jetliners needed to resume deliveries, which were halted on Feb. 23 after a data analysis error was discovered. Shares of the company rose on news that the issue […]

  • GM offers buyouts to a ‘majority’ of American wage earners

    General Motors will offer voluntary takeovers to a “majority” of its U.S. employees, according to a letter CEO Mary Barra sent to employees Thursday. GM CEO Mary Barra speaks to media ahead of the start of the 2017 General Motors Company Annual Meeting of Stockholders Tuesday, June 6, 2017 at GM Global Headquarters in Detroit, […]

  • Eli Lilly treatment with solanezumab failed to slow the disease

    The Eli Lilly logo is displayed at one of the company’s offices in San Diego, California September 17, 2020. Mike Blake | Reuters Eli Lilly said Wednesday it will halt development of its Alzheimer’s treatment candidate, solanezumab, after the antibody failed to slow disease progression. Solanezumab’s failure is a blow to efforts to treat Alzheimer’s […]

  • WWE in talks about legalized betting on scripted match results

    WWE has been in talks with state gambling regulators in Colorado and Michigan to legalize betting on scripted match results, sources said. WWE has teamed up with EY, commonly known as Ernst & Young, to secure match results so they don’t leak to the public. WWE creative executives don’t plan to inform wrestlers who will […]