Farley had spent years telling staff and investors that catching up to Tesla and China’s leading EV makers amounted to an existential struggle.
Read More Ford’s EV retreat highlights industry dilemma: Build for the US or the world?
Category: Business
Roomba maker iRobot files for bankruptcy protection; will be taken private under restructuring
IRobot has struggled of late, dealing with increased competition, layoffs and a declining stock price.
Read More Roomba maker iRobot files for bankruptcy protection; will be taken private under restructuring
Netflix’s $72 billion Warner Bros deal faces skepticism over YouTube rivalry claim
Netflix says it must acquire Warner Bros Discovery to compete with YouTube, but antitrust experts doubt regulators will buy that argument.
Read More Netflix’s $72 billion Warner Bros deal faces skepticism over YouTube rivalry claim
Federal Reserve likely to cut rates, may signal just one more reduction next year
It would be the third cut in a row and bring the Fed’s key rate to about 3.6%, the lowest in nearly three years.
Read More Federal Reserve likely to cut rates, may signal just one more reduction next year
Warner Bros’ lack of response fueled Paramount’s hostile bid, filing says
Paramount 11th-hour, hostile bid for Warner Bros Discovery was rooted in what it considered a lack of responsiveness from Warner Bros late last week.
Read More Warner Bros’ lack of response fueled Paramount’s hostile bid, filing says
Paramount goes hostile in bid for Warner Bros., challenging a $72 billion bid by Netflix
Paramount said Monday that it going straight to Warner Bros. shareholders with a $30 per share in cash offer for the entirety of Warner Bros. Discovery.
Read More Paramount goes hostile in bid for Warner Bros., challenging a $72 billion bid by Netflix