Workers at a Mercedes-Benz plant in Alabama voted against joining the United Auto Workers, hurting the union’s push to organize at many foreign-owned factories in the South.
The videogame retailer filed to sell up to 45 million more shares after projecting quarterly sales to drop.
Southeast Asian ride-hailing and delivery specialist Grab Holdings is using generative artificial intelligence to trim expenses and boost a cost-cutting drive in its continuing bid to achieve profitability.
The U.K. Competition and Markets Authority cleared Microsoft’s partnership with Mistral AI.
Richemont said Nicolas Bos will replace Jerome Lambert as its CEO, tapping a company veteran who most recently led its French jewelry brand Van Cleef & Arpels as the luxury industry navigates a slowdown in spending.
Prosus and South African parent Naspers named Fabricio Bloisi as group CEO, replacing interim boss Ervin Tu, who will become president and chief investment officer.
The e-commerce giant’s shares rose in Hong Kong, recouping losses from a day earlier as investors turned upbeat on its latest earnings release.
Engie reaffirmed expectations for the year after core earnings fell slightly in the first quarter, driven by declines from its networks and global energy management and sales businesses.
In the U.S., more people shopped at Walmart and bought more products, but the average amount spent per visit was flat compared with the same quarter last year.
The parts maker said it would cut 400-450 jobs in response to a slowdown in production at Boeing.
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