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Category Archives: Uncategorized

Why Ford believes its $1.9 billion shift in EV strategy is the right choice for the company, investors

The shifts in the automaker’s electric vehicle strategy will cost the Detroit automaker up to $1.9 billion in expenses and write-downs.

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Delta chief operations officer departing for another company after just over a year on the job

Delta’s COO Mike Spanos, a company outsider, was hired in May 2023.

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Classic car sales stall in Monterey auctions as new generation takes charge

The average sale price was $476,965, down slightly from last year’s average of $477,866.

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Boeing Starliner returning empty as NASA turns to SpaceX to bring astronauts back from ISS

Boeing will return its capsule from the International Space Station without the NASA astronauts that Starliner delivered to orbit.

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Bronfman’s Paramount bid could keep Shari Redstone involved at the company

Edgar Bronfman Jr. is open to having Shari Redstone remain involved at Paramount if the special committee accepts his consortium’s bid for a controlling stake.

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U.S. will again offer free at-home Covid tests starting in late September

Americans will soon be able to use COVIDtests.gov to request four free tests, Biden administration officials said.

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Mavericks, Pelicans games are leaving their local sports networks ahead of NBA season

The Dallas Mavericks and New Orleans Pelicans terminated their deals with Diamond Sports ahead of the NBA season, which begins in October.

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NBCUniversal is pinning Peacock’s streaming success on its $2.45 billion per year NBA deal

NBC Sports is banking on the long-term success of Peacock and sports as the linchpin to making its $2.45 billion bid for the NBA profitable.

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Lockheed Martin to take struggling spacecraft manufacturer Terran Orbital private in $450 million deal

Lockheed Martin is buying Terran Orbital, the company announced Thursday.

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White House says negotiated prices for Medicare drugs will save U.S. $6 billion, beneficiaries $1.5 billion in first year

It is a milestone in a controversial process that aims to make costly medications more affordable for older Americans but is strongly opposed by drugmakers.

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