Ford Plans New Round of Layoffs for U.S. Salaried Workers
The automaker looks to cut costs as it spends heavily on the shift to electric vehicles.
Twitter Shows ‘Strong Willingness’ to Comply With Digital-Content Law, EU Regulator Says
Thierry Breton, a top tech regulator for the bloc, gave his assessment after an EU team visited Twitter’s headquarters.
3M Settles ‘Forever Chemicals’ Litigation for Up to $12.5 Billion
Lawsuits said the company’s PFAS, used in firefighting foam, contaminated drinking water.
Congress Blasts E-Commerce Firm Temu Over Forced-Labor Concerns
The company’s app and website facilitate transactions between Americans and more than 80,000 suppliers, most of them Chinese.
Siemens Energy Scraps Outlook on Further Gamesa Problems
Siemens Energy said it was withdrawing its profit guidance for fiscal 2023 due to an extended technical review triggered after a substantial increase in wind-turbine component failure rates.
Malaysia to Take Legal Action Against Meta Over ‘Harmful’ Content
Malaysia’s government will take legal action against Facebook parent Meta Platforms for what it said was a failure to remove harmful content from the company’s social media platform.
The Price of First Gene Therapy for Muscular Dystrophy: $3.2 Million
The drug, from Sarepta Therapeutics, promises to repair the defective gene at the root of the fatal disorder, but is expected to cost millions of dollars.
Canada Passes Law Forcing Facebook, Google to Pay Media for Links
The digital platforms have warned that the legislation could force them to block or restrict access to news stories for Canadian users.
Boeing Gets a New Headache. Spirit Aero Workers Vote to Strike.
The aerospace supplier suspended operations after a union rejected a new labor deal.
Calpers Scrutinizes Blackstone Portfolio Practices Over Child Labor Fine
The pension plan has more than $4 billion invested with Blackstone, whose portfolio company Packers Sanitation Services paid a $1.5 million fine for child labor violations at 13 U.S. meatpacking plants.
Source: Dow Jones Newswires