Business news

Business news • May 14

Honda dumps combustion-free goal, teases new hybrids after loss

TOKYO — Honda Motor Co. posted its first loss since going public in 1957, a $2.6 billion deficit driven by failed electric vehicle bets that CEO Toshihiro...

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Business news • May 14

Repo Man Had 'Six Hours To Find 20 Pilots' While Seizing Jet Aircraft From Bankrupt Spirit Airlines

People who are behind on their car payments aren't the only folks who might see the repo man, they also come for leased aircraft after the carrier has gone...

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Business news • May 14

What to know about Kevin Warsh, Trump’s Fed chair pick

WASHINGTON — The U.S. Senate on Wednesday confirmed Kevin Warsh to lead the Federal Reserve. President Donald Trump had picked the former Fed governor to...

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Business news • May 14

Cisco to cut nearly 4,000 jobs despite strong growth in AI, enterprise networking

Cisco saw growing demand for AI infrastructure from hyperscalers in Q3, and on the enterprise front, it reported solid gains across data center switching,...

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Business news • May 14

Oakland: Testimony Closes In Liability Phase Of Musk V. Altman Trial

A marine layer hung over Oakland on Wednesday, the last day of testimony in the liability phase of Elon Musk's lawsuit against artificial intelligence...

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Business news • May 14

Allegiant closes acquisition of Sun County. What it means for travelers

Allegiant Air and Sun County are officially a combined company. Here's what it means for passengers.

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Business news • May 14

Trump’s trillion-dollar business delegation looking to make deals in China

The 17 American business executives accompanying US president are the wealthiest such delegation to visit the country.

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Business news • May 14

Senate confirms new Fed chair as Trump allies warn rate cuts may have to wait

Kevin Warsh has promised to remake the central bank. His near party-line confirmation showed how far Washington political divides now extend to the Fed.

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Business news • May 14

S&P 500 futures are little changed after tech-driven rally leads index to new record: Live updates

A rally in the technology sector drove the S&P 500 and Nasdaq Composite to new intraday and closing records on Wednesday.

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Business news • May 14

Allegiant Air and Sun Country complete merger, creating larger budget airline for travelers

Allegiant Air says it has completed its purchase of Sun Country Airlines, bringing together two low-cost carriers and creating a larger budget airline for...

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Business news • May 14

Cisco to cut thousands of jobs as AI push accelerates after earnings beat

Cisco Systems is planning to cut nearly 4,000 employees as part of a broader strategic shift toward artificial intelligence (AI),...

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Business news • May 14

Musk, Rubio, Hegseth: Who Is Traveling With Trump to China?

President Trump arrived in Beijing, ahead of his meeting with President Xi Jinping of China. Among those accompanying Mr. Trump were top administration...

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Business news • May 14

Allegiant and Sun Country merger finalized, integration begins

Allegiant and Sun Country Airlines' merger has closed, promising expanded destinations and enhanced rewards for travelers. Integration process underway.

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Business news • May 14

Allegiant completes $1.5 billion deal to buy Minnesota’s Sun Country Airlines

Allegiant Travel Co., headquartered in Las Vegas, finished its transaction acquiring Minnesota-based Sun Country Airlines for $1.5 billion.

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Business news • May 13

Cerebras prices IPO at $185 per share to raise $5.55 billion

NEW YORK, May 13 (Reuters) - Cerebras Systems priced its U.S. initial public offering at $185 per share on Wednesday, above the top end of its indicated...

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Business news • May 13

Bay Area tech giant Cisco to cut thousands of jobs after record revenue

Cisco announced another wave of mass layoffs on Wednesday, even as the Bay Area tech giant brings in record revenue and billions of dollars in profit.

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Business news • May 13

Allegiant Air and Sun Country complete merger, creating larger budget airline for travelers

Allegiant Air says it has completed its purchase of Sun Country Airlines, bringing together two low-cost carriers and creating a larger budget airline for...

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Business news • May 13

News Wrap: Senate confirms Kevin Warsh as new chair of Federal Reserve

In our news wrap Wednesday, the Senate voted to confirm Kevin Warsh as the new chair of the Federal Reserve, the Trump administration is freezing some new...

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Business news • May 13

Allegiant completes merger with Sun Country

Leisure airlines Allegiant Air and Sun Country Airlines are now one — though each brand will live on. Travelers can expect little immediate change following...

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Business news • May 13

Everyone at the Musk v. Altman Trial Is Using Fancy Butt Cushions

The final stragglers testified on Wednesday in the Musk v. Altman trial. The witnesses generated few waves, aside from the revelation that Microsoft has so...

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