UAW Threatens Strikes at Certain Plants if It Can’t Reach Labor Deals
The union plans to hold targeted strikes at certain U.S. auto factories if it can’t reach new labor deals with Detroit automakers by late Thursday.
Ford Hires New CMO Away From Toyota As It Pivots Toward Electric Vehicles
A likely UAW strike may further complicate the automaker’s attempts to make its EV business profitable, experts say.
When Is the Arm IPO? What to Know About the Circuit Designer
The British company whose circuitry is in almost all smartphones is preparing to go public.
Birkenstock Files for IPO
L Catterton is among the shoemaker’s backers. Birkenstock didn’t say how many shares it would list or give an anticipated price range.
Alibaba Introduces AI Model to Public
Alibaba has launched its artificial-intelligence model, making it the latest Chinese company to tap the country’s fast-growing AI market.
Apple’s iPhone 15 Pro Max Pushes Up the Price
The company unveiled a new iPhone lineup aimed at wringing more money out of its top model without jacking up prices for more basic versions that are getting only minor upgrades.
BP CEO Bernard Looney Resigns
The oil company said Looney was “not fully transparent” about past personal relationships with colleagues.
Binance.US CEO Leaves Embattled Crypto Exchange
Brian Shroder, who took the helm of Binance.US in 2021, will be succeeded on an interim basis by the company’s chief legal officer.
Qantas Loses Appeal Over Worker Outsourcing
Australia’s highest court dismissed an appeal from Qantas Airways over its decision to outsource ground-handling operations during the Covid-19 pandemic, siding with a union that argued the move was illegal.
Lenders Allege Edtech Startup Byju’s Hid $533 Million With Hedge Fund
Lenders to Indian education-technology company Byju’s have alleged that it covertly transferred $533 million to a Florida-based hedge fund, adding another dimension to their legal feud with one of India’s most highly valued startups.
Source: Dow Jones Newswires