Honda Motor, in collaboration with undisclosed joint venture partners, has announced an $11 billion investment in Ontario, Canada. This substantial investment is aimed at establishing a “comprehensive EV value chain” in North America, emphasizing the production of all-electric and fuel cell-powered vehicles. The plan includes the construction of new assembly and battery plants, along with
Business
Walgreens has announced that it will be working directly with drugmakers to provide cell and gene therapies to patients in the United States. This move is part of a broader expansion of their specialty pharmacy services. The company is introducing a new business unit dedicated to the specialty pharmacy segment, which will include their specialty
Boeing, once a titan in the aviation industry, is set to release its quarterly report, revealing the aftermath of a harrowing incident involving a 737 Max 9 plane. Analysts predict that the company will record its seventh consecutive quarterly loss, a stark reminder of the financial woes hounding the manufacturer. The recent door plug mishap
PepsiCo recently reported their quarterly earnings, surpassing analysts’ expectations despite facing challenges in the U.S. market. The company’s revenue of $18.25 billion exceeded the expected $18.07 billion, and earnings per share were $1.61 adjusted compared to the anticipated $1.52. This positive performance demonstrates PepsiCo’s resilience in the face of adversity. One of the major issues
The U.S. Federal Trade Commission made a bold move on Monday by filing a lawsuit to block the $8.5 billion acquisition of Capri Holdings by Tapestry, the parent company of Coach and Kate Spade. This acquisition would bring together six major fashion brands, including Coach, Kate Spade, Stuart Weitzman, Versace, Jimmy Choo, and Michael Kors.
The recent vote by Volkswagen workers in Chattanooga, Tennessee, to join the United Auto Workers (UAW) marks a monumental achievement for the union and its first successful organizing campaign of an automaker outside of Detroit’s Big Three. The National Labor Relations Board reported that 73% of the vote, or 2,628 workers out of 3,620, supported
Procter & Gamble recently reported mixed quarterly results, showcasing the struggles it faces in bringing back shoppers after two years of hiking prices on products like Tide detergent and Charmin toilet paper. The company saw a 3% increase in prices compared to the previous year, yet it did not implement any nationwide price hikes during
Netflix recently announced that it will no longer provide quarterly membership numbers or average revenue per user, starting next year. This decision comes as the company reported earnings that surpassed expectations on both the top and bottom lines. The total memberships for Netflix rose by 16% in the first quarter, reaching 269.6 million, which was
Despite recent safety concerns in the aviation industry, airline executives remain optimistic about the future. United Airlines and Delta Air Lines both reported record numbers of travelers and strong demand for flights during earnings calls. United Airlines’ Chief Commercial Officer, Andrew Nocella, stated that the airline is on track for a record spring and summer
United Airlines recently announced a revised aircraft-delivery expectation for the year, signaling a significant shift from its original projections. The airline has reduced its anticipated number of new narrow-body planes to just 61, down from the initial estimation of 101. This adjustment comes as United grapples with delays from Boeing, the aircraft manufacturer facing a