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Umicore Cuts Guidance on Slower EV Demand

Umicore now expects 2024 earnings for its battery business to be around break-even, with volumes to be equal or slightly lower than last year, while group profit forecasts were also cut back....

Shares of Evergrande's EV Unit Slide After Order to Repay Subsidies

Chinese authorities have ordered Evergrande Auto to repay government subsidies due to its failure to meet contractual obligations, and the company warned it could face the repossession of some asse...

Elon Musk's Boundary-Blurring Relationships With Women at SpaceX

The billionaire founder had sex with an employee and a former intern, and asked a woman at his company to have his babies...

Redstone's National Amusements Ends Deal Talks With Skydance

Shari Redstone is likely to pursue a sale of National Amusements, the company that controls Paramount, with other potential bidders....

National Bank of Canada to Acquire Canadian Western Bank in C$5 Billion Deal

Canadian Western holds about C$37 billion in loans and has 39 branches located in Western Canada and Ontario. The companies said the combination would increase National Bank’s commercial banking po...

Johnson and Johnson Talcum-Settlement Consent Judgments Filed

The settlement with 43 attorneys general, which resolves claims of deceptive marketing practices, is subject to judicial approval....

GM Board Approves New $6 Billion Stock Buyback

The automaker saw strong second-quarter profits, citing brisk vehicle sales and resilient pricing....

'Anti-Woke' Shareholders Are Going After Corporate Boards

Activists say they want to get politics out of business, but their proposals fail to gain much traction....

French Startup Mistral AI Raises $650 Million in Bid to Scale Up

Backers include General Catalyst, Lightspeed, Bertelsmann Investment, Cisco Systems, International Business Machines, Nvidia and Salesforce Venture....

The Vote on Elon Musk's $46 Billion Pay Package Is Coming Down to the Wire

Tesla and its billionaire CEO have been racing to drum up support from investors in recent days....