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McDonald’s franchisee group says new California fast-food bill will cause ‘devastating financial blow’
16/09/2023

McDonald’s franchisee group says new California fast-food bill will cause ‘devastating financial blow’

The California fast-food bill will raise the minimum wage for many California workers at fast-food chains to $20 an hour starting April 1.

Planet Fitness shares sink after board ousts CEO in shocking move
16/09/2023

Planet Fitness shares sink after board ousts CEO in shocking move

CEO Chris Rondeau has been been with Planet Fitness for more than three decades.

New York man was killed ‘instantly’ by Peloton bike, his family says in lawsuit
07/09/2023

New York man was killed ‘instantly’ by Peloton bike, his family says in lawsuit

The family of Ryan Furtado claims his Peloton bike severed his carotid artery and killed him "instantly," marking the first known death linked to the bike.

GM offers 10% wage increases, $5,500 ratification bonuses to UAW as strike looms
07/09/2023

GM offers 10% wage increases, $5,500 ratification bonuses to UAW as strike looms

GM's latest offer still falls short of the union's demands. The UAW could strike against all three Detroit automakers next week.

FTC allows Amgen to move forward with $27.8 billion Horizon Therapeutics acquisition
04/09/2023

FTC allows Amgen to move forward with $27.8 billion Horizon Therapeutics acquisition

The FTC had filed a lawsuit in May seeking to block the acquisition, arguing that the deal would "stifle competition" in the pharmaceutical industry.

Why auto worker strikes against GM, Ford and Stellantis seem inevitable
04/09/2023

Why auto worker strikes against GM, Ford and Stellantis seem inevitable

Prolonged strikes against GM, Ford and Stellantis would be unprecedented and quickly impact the automotive supply chain, U.S. economy and domestic production.

Eli Lilly raises full-year guidance as Mounjaro, other drugs drive second-quarter profit up 85%
08/08/2023

Eli Lilly raises full-year guidance as Mounjaro, other drugs drive second-quarter profit up 85%

Eli Lilly's stock has been on a tear, driven by positive trial results for its Alzheimer's drug and progress with its promising obesity drug pipeline.

Electric Cadillac Escalade to test GM’s EV strategy, cash machine
08/08/2023

Electric Cadillac Escalade to test GM’s EV strategy, cash machine

GM has called the Escalade IQ, which is expected to share little to nothing with the traditional models, the "reinvention of an icon."

Fisker’s loss narrows as EV deliveries begin despite supplier snags
04/08/2023

Fisker’s loss narrows as EV deliveries begin despite supplier snags

The company and its manufacturing partner struggled to get the electric Ocean SUV into full production during the period amid supplier issues.

Nikola shares are down after messy second quarter, CEO departure and news of a stock sale
04/08/2023

Nikola shares are down after messy second quarter, CEO departure and news of a stock sale

Electric truck maker Nikola said on Friday that its CEO, Michael Lohscheller, will step down effective immediately due to a "family health matter."

Ford pushes back EV target, warns of wider losses due to slower-than-expected adoption
28/07/2023

Ford pushes back EV target, warns of wider losses due to slower-than-expected adoption

Ford said it now expects its EV business unit, Ford Model e, to post an operating loss of about $4.5 billion this year

Procter & Gamble sales rise slightly, fueled by higher prices
28/07/2023

Procter & Gamble sales rise slightly, fueled by higher prices

The Tide detergent maker also issued guidance for the new fiscal year that came in under Wall Street's expectations.

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