Category: Business
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GM Cuts Another 1,000 Jobs As EV Push Continues
General Motors has cut 1,000 jobs, according to a person familiar with the reductions, marking the latest effort by the automaker to trim costs as it ramps up sales in unprofitable electric vehicles.
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Generali’s Natural Catastrophe Hit Offset By Better Performance
The insurer reported better-than-expected profit on higher gross written premiums and net inflows from its life business.
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Financial Services Roundup: Market Talk
Find insight on Generali, Computershare and more in the latest Market Talks covering Financial Services.
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Auto & Transport Roundup: Market Talk
Read about ComfortDelGro, MISC and more in the latest Market Talks covering the Auto and Transport sector.
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Basic Materials Roundup: Market Talk
Find insight on Orica, Australian Vanadium and more in the latest Market Talks covering Basic Materials.
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Energy & Utilities Roundup: Market Talk
Find insight on Infratil, United Utilities and more in the latest Market Talks covering Energy and Utilities.
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Lilly Sues U.S. to Change Hospital Drug Discount Payments
The lawsuit is the second by a large drugmaker in recent days challenging how it provides required discounts to certain hospitals.
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Conan O’Brien to Host the Oscars
The former late-night host will succeed Jimmy Kimmel, an Academy Awards regular.
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Alibaba Revenue Misses Views Amid Weaker Chinese Economy, Competition
Adjusted earnings before interest, taxes, depreciation and amortization declined about 4% to 47.33 billion yuan in its fiscal second quarter.
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Samsung Electronics Plans $7 Billion Share Buyback
The South Korean technology giant’s stock repurchase plan comes amid investor concerns over its flagship memory-chip business, which is missing out on the artificial intelligence boom.