By Akash Sriram and Hyunjoo Jin (Reuters) -Tesla on Tuesday posted a decline in quarterly deliveries for the first time in nearly four years and missed Wall Street estimates, a performance some described as “ugly” as price cuts failed to stir demand in a highly competitive market. Shares of the Elon Musk-led company were down […]

By Foo Yun Chee BRUSSELS (Reuters) -Microsoft will sell its chat and video app Teams separately from its Office product globally, the U.S. tech giant said on Monday, six months after it unbundled the two products in Europe in a bid to avert a possible EU antitrust fine. The European Commission has been investigating Microsoft’s […]

By Hannah Lang and Jody Godoy (Reuters) -A federal judge in Manhattan on Wednesday said the U.S. Securities and Exchange Commission’s lawsuit against Coinbase can move forward, but dismissed one claim the regulator made against the largest U.S. cryptocurrency exchange. U.S. District Judge Katherine Polk Failla partly granted Coinbase’s motion to dismiss the SEC’s lawsuit […]

By Dietrich Knauth NEW YORK (Reuters) -Pharmacy chain Rite Aid has reached a settlement with its lenders, the U.S. Department of Justice, and drug supplier McKesson Corp, clearing a path for Rite Aid to complete its bankruptcy case by late April, a company lawyer said Tuesday. “We have reached an agreement on all key points […]

By David Shepardson and Allison Lampert (Reuters) – Boeing CEO Dave Calhoun will step down by year-end in a broad management shakeup brought on by the planemaker’s sprawling safety crisis exacerbated by a January mid-air panel blowout on a 737 MAX plane. In addition, board chair Larry Kellner and Stan Deal, head of the company’s […]

(Reuters) -Lucid said on Monday it is raising $1 billion in capital from an affiliate of Saudi Arabia’s Public Investment Fund (PIF), sending the shares of the luxury electric carmaker up about 8%. The latest investment by the sovereign wealth fund underscores a key advantage Lucid has in the race for survival among struggling EV […]

(This March 22 story has been refiled to change SABIC to side air bag inflatable curtain in paragraph 4) (Reuters) – Chrysler is recalling nearly 286,000 vehicles in the United States over a manufacturing defect that might cause the side curtain airbag inflators to rupture, the National Highway Traffic Safety Administration (NHTSA) said on Friday. […]

By Stephen Nellis, Andrew Goudsward and David Shepardson WASHINGTON (Reuters) -The U.S. Department of Justice and 15 states on Thursday sued Apple as the government cracks down on Big Tech, alleging the iPhone maker monopolized the smartphone market, hurt smaller rivals and drove up prices. Apple joins competitors sued by regulators, including Alphabet’s Google, Meta […]

By Granth Vanaik (Reuters) -General Mills topped market expectations for third-quarter sales and profit on Wednesday, backed by higher prices for its breakfast cereals, snack bars and pet food products that helped cushion a blow from slowing demand. Shares of the Minnesota-based company rose 7% in early trading after it reaffirmed its annual sales and […]