Troubled carmaker Stellantis reports 27% plunge in 3Q revenue as it cleans up inventories
Shipments dropped by 20%, to 1.2 million vehicles, in third quarter. The company is in the process of 20 new product launches globally this year.
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Google Maps adds AI features to help users explore, navigate the world
The shift announced Thursday will bring more of the revolutionary AI technology that Google already has been baking into its dominant search engine to the digital maps service that the internet company launched nearly 20 years ago.
Starbucks CEO sets four-minute service goal as he tries to reinvigorate sagging sales
Starbucks reported a disappointing end to its 2024 fiscal year, with revenue falling 3% in the July-September period as customer traffic slowed in the United States and China.
UPDATE: Lilly shares tumble on earnings report that falls short of Wall Street expectations
The Indianapolis-based drugmaker missed expectations on sales of two popular drugs, diabetes treatment Mounjaro and weight-loss treatment Zepbound, which it attributed to inventory decreases in the wholesaler channel.
USA Track and Field to bring US Paralympics track and field program under its roof in January
The merger gives Para track and field athletes the same sort of access to the support and development as U.S. track and field athletes.
U.S. economy grew at 2.8% pace in third quarter, Commerce Department says
Growth in business investment slowed sharply on a drop in investment in housing and in nonresidential buildings such as offices and warehouses. But spending on equipment surged.
Court approves Tupperware’s sale to lenders, paving way for brand’s exit from bankruptcy
Going forward, customers in “global core markets” will still be able to purchase Tupperware products online and through the brand’s decades-old network of independent sales consultants.
U.S. job openings fall to 3-1/2-year low
The Labor Department reported Tuesday that the number of job openings dropped to 7.4 million in September from 7.9 million in August.
Google ad change could affect millions of small businesses
The change is an effort to crack down on fraud. But legitimate small businesses could be hurt if they’re unaware of the change.
Vinyl thrives as the nation’s oldest record maker plays familiar tune
In 2023, U.S. revenue from vinyl records grew 10%, to $1.4 billion, the 17th straight year of growth, according to the Recording Industry Association of America.
Autonomous tech is coming to farming. What will it mean for crops, workers?
Automation could ease the sector’s deepening labor shortage, help farmers manage costs, protect workers from extreme heat and improve yields.
Apple launches iPhone into AI era with software update
The upgrade to the iOS 18 operating system on Monday arrives more than a month after four iPhone 16 models equipped with the special computer chip needed to power the AI features went on sale.
Researchers say AI transcription tool used in hospitals invents things no one ever said
Tech behemoth OpenAI has touted its artificial intelligence-powered transcription tool Whisper as having near “human level robustness and accuracy.” But Whisper has a major flaw.
McDonald’s Quarter Pounder back on menu after testing rules out beef patties as E. coli source
The U.S. Food and Drug Administration continues to believe that slivered onions from a single supplier are the likely source of contamination, McDonald’s said in a statement.
Spirit Airlines plans to cut jobs, sell some planes amid looming financial struggles
In a Thursday regulatory filing, Spirit said it has identified about $80 million of cost-cutting measures set to begin early next year.
Justice Department launching investigation of competition in air travel
The broad investigation will look into the state of competition in air travel, including the effect of mergers and joint ventures between airlines.
Applications for jobless benefits fall, but continuing claims rise to highest level since 2021
The rising level of continuing claims suggests that some who are receiving benefits are finding it harder to land new jobs. That could mean that demand for workers is waning, even as the economy remains strong.
Federal agents search Ohio home of prominent affordable housing developer
Millennia owns or operates roughly 280 apartment properties, including four affordable properties in Indianapolis.
Boeing factory workers vote to reject contract and continue 6-week strike
Boeing lost $6.17 billion in its latest quarter. The company hasn’t had a profitable year since 2018, and Wednesday’s numbers represented the second-worst quarter in the manufacturer’s history.
Apple, Goldman Sachs ordered to pay $89M for mishandling Apple Card transactions
The Consumer Finance Protection Bureau ordered Apple and Goldman Sachs to pay refunds and penalties for deceiving consumers and mishandled transaction disputes of Apple Card customers.