Ford, GM Lay Off About 500 Factory Workers as Strike Effects Ripple Out
Ford and GM laid off an additional 500 workers combined, knock-on effects from the United Auto Workers’ ongoing strike.
Meta Floats Charging $14 a Month for Ad-Free Instagram
European users would have the option to pay a fee or agree to personalized ads, according to the company’s pitch to regulators.
China Evergrande Group’s Shares Jump as Trade Resumes
China Evergrande Group’s shares rose sharply as trade resumed after being halted last week, following news the property developer’s chairman was being investigated by authorities.
Thailand’s Charoen Pokphand Foods Delays IPO of Unit, Sources Say
CPF Global Food Solution, a company owned by one of the world’s largest animal feed and livestock producers, is delaying its initial public offering.
Gucci, Chanel and Other Luxury Retailers Splurge on U.S. Real Estate
Premium brands are pursuing more space and new U.S. markets as affluent shoppers flock back to stores.
TikTok Parent ByteDance Turns Operating Profit, Sees Revenue Slow
The Chinese social-media company reported an operating profit of more than $20 billion as its valuation fell by about 26%.
Talc Supplier Once Owned by Pfizer Files for Bankruptcy
A former Pfizer minerals business that supplied talc for cosmetic products has filed for bankruptcy to deal with hundreds of personal injury lawsuits, saying that the drug giant is increasingly unwilling to cover those claims.
Visa to Invest $100 Million in Generative-AI Startups
The credit-card company’s corporate venture arm, Visa Ventures, will be in charge of the investments.
WeWork Skips $95 Million Interest Payment to Bondholders to Start Debt Talks
WeWork has decided to withhold interest payments due on Monday as it looks to restructure.
Tesla’s Vehicle Sales Slow in Third Quarter
For the first time in more than a year, the electric-vehicle maker’s global deliveries to customers fell quarter over quarter, by 6.7%.
Source: Dow Jones Newswires