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Bentley to invest $3.4 billion to exclusively offer EVs by 2030

An illustration of Bentley’s brand new electric vehicle production operation in Crewe (England). Bentley Bentley Motors will spend 2.5 billion pounds ($3.4 billion) in the next ten years to be a global leader. fully electric luxury brandAccording to Wednesday’s announcement, the 102 year-old automaker will be making its next car by 2030. According to the […]

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Microsoft, F5, Navient & more

Satya Nadella, Microsoft’s CEO, speaks to the crowd at Microsoft Developer Day Singapore (May 27, 2016). Bloomberg | Bloomberg | Getty Images See the headlines made by the following companies after Tuesday’s bell. Texas Instruments — Shares of the semiconductor company popped more than 4% on the back of a better-than-expected quarterly revenue figure. Texas […]

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Microsoft (MSFT) earnings Q2 2022

Satya Nadella is the chief executive officer at Microsoft Corp. She spoke on Microsoft’s Build conference in San Francisco, March 30, 2016. Bloomberg | Bloomberg | Getty Images MicrosoftThe company will announce its fiscal second-quarter earnings on Tuesday after the closing bell. What analysts expect: Earnings:According to Refinitiv, $2.31 per share is adjusted. Revenue:Analysts expect […]

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OSHA withdraws rule for businesses after losing Supreme Court case

Following the Supreme Court’s earlier blocking of the requirement, the Biden Administration has officially withdrawn the vaccine mandate and the testing mandate it issued to businesses. On Tuesday, the Occupational Safety and Health Administration announced that it will be removing rules for business effective Wednesday 26 January. In a 3-1 decision by the Supreme Court, […]

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Retailers’ average return rate jumps to 16.6% as online sales grow

Miami, Doral IKEA Exchange and Returns Elevators Universal Images Group | Universal Images Group | Getty Images Shoppers are returning more clothing, shoes, and other items to stores as they shop online during the pandemic. According to Appriss Retail’s Tuesday survey, retailers are expected to return 16.6% on average of total merchandise purchased by customers […]

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American Express, General Electric, IBM and more

Scott Eells | Bloomberg | Getty Images These are the headline-grabbing companies in midday trading. General Electric — Shares fell more than 6% after the company missed revenue estimates for the fiscal fourth quarter. On $20.3 billion of revenue, the conglomerate earned 92 cents per share in adjusted earnings. Refinitiv’s analysts expected to earn 85 […]

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Airbus to rent out its giant Beluga aircraft in bet on air cargo boom

An Airbus Beluga transport aircraft takes off from the Airbus plant in Hamburg-Finkenwerder. picture alliance | picture alliance | Getty Images Airbus announced Tuesday that it will rent its Beluga giant aircraft to other customers. This is a major bet on air cargo markets. The planes with whale shapes are used for transporting large parts […]

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GM investing $6.6 billion in bid to dethrone Tesla in EV sales by 2025

Mary Barra is the chief executive officer at General Motors Co. and presented the Silverado choice vehicle in a livestreamed event that took place during the CES 2022 tradeshow, Las Vegas, Nevada on Wednesday, January 5, 2022. Bridgett Bennett | Bloomberg | Getty Images DETROIT – General MotorsIn Michigan, the company will make investments of […]

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AMC in reportedly in advanced talks to refinance debt

A man is seen walking past AMC Georgetown 14 Theatres, Washington, DC, on June 3, 2021. Mandel Ngan | AFP | Getty Images AMC EntertainmentAccording to The Wall Street Journal, the company is moving quickly to implement its plans to repay its debt. According to the publication, movie theater chain is in advanced refinancing talks […]