The CEO of Mercedes-Benz on Thursday signaled the company plans to invest more in the U.S. in the coming years and also discussed how tariffs could impact the automaker’s business. Mercedes-Benz CEO Ola Källenius said on a call with reporters after the company announced its quarterly earnings results that the company has “been operating in the United
Electric-truck maker Nikola Corp. filed for Chapter 11 bankruptcy protection on Wednesday after the company failed to overcome market and macroeconomic challenges. “Like other companies in the electric vehicle industry, we have faced various market and macroeconomic factors that have impacted our ability to operate,” CEO Steve Girsky said in a statement. Girsky said the
WW International and advisors to its lenders have reportedly taken a step in talking about potentially restructuring the company’s debt. The Wall Street Journal reported, citing unnamed sources, that WeightWatchers, which became WW International several years ago, and the lender advisors recently entered into a confidentiality agreement. The company’s financial forecasts and strategy have been
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Texas has in recent years become a significant home for companies looking to relocate, including the latest — the New York Stock Exchange’s “fully electronic equities change” NYSE Texas in Dallas. The NYSE revealed Wednesday that it plans to add operations in Dallas by reincorporating its NYSE Chicago as NYSE Texas in the Lone Star
Jeff Bezos-founded space company Blue Origin plans to lay off about 10% of its workforce, according to a company-wide email obtained by FOX Business. Employees in some engineering, research and development, and “program/project management” positions will lose their jobs in the layoffs, according to the email from CEO Dave Limp. He told employees in the
China may be out of ways to evade U.S. trade laws as President Donald Trump’s tariffs and border crackdowns come into effect. International trade expert Daniel Pickard believes Trump’s return to the Oval Office could bring an end to shady Chinese trade practices. “What we have seen repeatedly with a lot of the Chinese products
New York Stock Exchange (NYSE) Texas, “a fully electronic equities exchange,” is coming to Dallas. The announcement came Wednesday, and stated the NYSE Chicago “will reincorporate in Texas and be renamed NYSE Texas,” providing companies with a new venue to list their securities. Several high-profile firms, including Elon Musk’s Tesla, and SpaceX, have relocated their
Chevron is seeking to trim its headcount by a sizable amount. The energy giant will lay off 15%-20% of its workers in a bid to “simplify our organizational structure, [execute] faster and more efficiently, and position the company for stronger long-term competitiveness,” Chevron Corp. Vice Chair Mark Nelson said in a Wednesday statement. Chevron’s global
JPMorgan Chase reportedly has several rounds of layoffs coming this year, and some workers at the company have apparently started being told they will lose their jobs. Barron’s reported Wednesday that some JPMorgan Chase employees learned from supervisors last week that their jobs would be impacted by layoffs. The outlet cited unnamed sources “familiar with the