Category: Business

Ford Motor Co said on Wednesday it sold 602,627 vehicles in China last year, up 6% from 2019, its first annual growth in the world’s biggest car market since 2017. After a peak of 1.08 million vehicles in 2016, Ford’s sales began faltering in late 2017. In the past three months, Ford sold 190,916 vehicles, […]

Walmart Inc, the world’s biggest retailer and Walt Disney Co joined other major companies in indefinitely suspending donations to U.S. lawmakers who voted against President-elect Joe Biden’s election certification. The Arkansas-based company said on Tuesday that in light of last week’s attack on the U.S. Capitol, its “political action committee is indefinitely suspending contributions to […]

Lawyers for Huawei Chief Financial Officer Meng Wanzhou argued in a court on Tuesday to let her leave home without the security detail that was a condition of her bail since she was released after her December 2018 arrest. Meng’s husband, Liu Xiaozong, gave an affidavit citing the negative impacts his wife’s bail conditions have […]

A major chunk of the global recovery in companies’ earnings expected in the first quarter is at risk of being pushed back further as lockdowns and mobility restrictions in several countries cloud hopes of a swifter economic rebound, investment banks said. China announced lockdowns in four cities and European countries unveiled tighter and longer coronavirus […]

Alphabet Inc’s Google said it would support President-elect Joe Biden’s efforts to pass a new U.S. immigration law and would help cover application fees for immigrants seeking lawful work under a threatened government program. Google said on Wednesday its philanthropic arm would pay for the application fees of about 500 young immigrants seeking employment under […]

Qualcomm Inc on Wednesday said it will acquire Nuvia Inc, a chip startup founded by Apple Inc veterans, for $1.4 billion, with plans to put the firm’s technology into its smartphone, laptop and automotive processors. The deal marks a big push by Qualcomm to reestablish a leading position in chip performance after several years of […]

Uber Technologies Inc on Wednesday appealed a $59 million fine by a California regulator in a dispute over whether the company should share detailed information on sexual assault and harassment claims reported on its ride-hailing platform. The California Public Utilities Commission (CPUC) fined Uber in December after the company refused to share the information, including […]