GM believes it will stop losing money on electric vehicles in 2025 as higher margin vehicles arrive
General Motors is losing money on every electric vehicle it sells, but the company says it’s on track to generate mid single-digit pretax profit margins in 2025 as it produces more higher margin EVs, works out kinks in battery manufacturing and sees battery cost reductions
2023-11-30 23:20
Pharmaceutical company AbbVie buying ImmunoGen in $10.1 billion deal
Pharmaceutical company AbbVie is buying ImmunoGen in a deal valued at about $10.1 billion that will speed up its entry into the commercial market for ovarian cancer
2023-11-30 22:45
Former UK Treasury chief Alistair Darling, who steered nation through a credit crunch, has died
British ex-Treasury chief Alistair Darling has died at age 70
2023-11-30 22:27
Applications for US jobless benefits rise modestly, but continuing claims are most in 2 years
Slightly more Americans filed for jobless claims last week, but the overall number of people in the U.S. collecting unemployment benefits rose to its highest level in two years
2023-11-30 21:58
Federal Reserve's preferred inflation gauge shows price pressures continuing to cool
The Federal Reserve’s preferred inflation measure cooled last month, the latest sign that price pressures are waning in the face of high interest rates and moderating economic growth
2023-11-30 21:54
Thousands of fake Facebook accounts shut down by Meta were primed to polarize voters ahead of 2024
Meta says it has found and disabled thousands of fake Facebook accounts linked to China that were used to spread politically partisan content in the United States before next year’s election
2023-11-30 21:21
Ford says autoworkers strike cut sales by 100,000 vehicles and cost company $1.7 billion in profits
Ford Motor Co. says a six-week strike by the United Auto Workers union cut sales by about 100,000 vehicles and cost the company $1.7 billion in lost profits this year
2023-11-30 20:29
Pope says he has acute bronchitis, doctors recommended against travel to avoid change in temperature
Pope Francis says he is suffering from acute and infectious bronchitis
2023-11-30 20:27
Rodrygo unsure over Carlo Ancelotti's future at Real Madrid
Rodrygo admits he is unsure what the future holds for Carlo Ancelotti at Real Madrid amid interest from Brazil.
2023-11-30 19:29
More US retailers adopt 'keep it' returns policies to shelter profits in holiday surge
By Lisa Baertlein and Arriana McLymore LOS ANGELES/NEW YORK As holiday shoppers return items purchased during Black Friday
2023-11-30 19:28
Hamas Support Surge in West Bank Undermines Netanyahu’s Bid to Crush It
As Palestinians celebrated Israel’s release of prisoners outside Ramallah’s sand-colored municipality last Friday, green Hamas flags dotted the
2023-11-30 19:18
Meta Platforms' ad-free service targeted in EU consumer complaint
By Foo Yun Chee BRUSSELS (Reuters) -Meta Platforms' advertising-free subscription service, a fee-based offering rolled out in Europe this month,
2023-11-30 18:54