Category: Companies

SpaceX, Rogers to Connect Mobiles Phones to Satellites in Remote Canadian Areas

Rogers Communications and Elon Musk’s SpaceX plan to connect mobile phones to satellite-based services aiming to expand coverage to remote areas in Canada, the companies said on Wednesday. The service, which will be delivered via the space company’s Starlink satellite network, will cover 4G and 5G phones starting with SMS text and will eventually expand…


Stellantis to Offer Buyouts Amid Electric Vehicle Transition

DETROIT—Another automaker is trying to cut its workforce to trim expenses and stay competitive as the industry makes the long and costly transition to electric vehicles. Stellantis on Wednesday said it’s offering buyouts to groups of white-collar and unionized employees in the U.S., as well as hourly workers in Canada. The cuts are “in response…


Boeing Loses $425M in 1Q but Plans Production Boost for Max

Boeing lost $425 million in the first quarter—more than Wall Street expected—but said Wednesday that it plans to boost production of its best-selling plane, the 737 Max, later this year. Revenue rose 28 percent from a year earlier, as airlines scooped up new jets to meet rising travel demand, and the company stood by its…


eBay Forecasts Upbeat Revenue as Sneakers, Refurbished Items Drive Growth

EBay Inc. on Wednesday forecast current-quarter revenue above Wall Street projections after beating March-quarter earnings estimates, as it benefits from its strategy of focusing on product categories including sneakers and watches. A selective push from the ecommerce firm also on items like collectibles and refurbished products is helping it drive sales at a time when…


Hyundai Motor to Exit Russia, Selling Its Plants: Media Report

SEOUL—South Korea’s Hyundai Motor Co. plans to exit Russia and sell its manufacturing plants there to a Kazakh company, South Korean media reported on Wednesday. South Korean TV network MBC reported that negotiations to sell Hyundai’s factories in Russia are in the final stage, adding that the automaker has been waiting for a final approval…


Tucker Carlson Breaks Silence in 1st Video Message

“Good evening, it’s Tucker Carlson!” Tucker Carlson has proclaimed again to America in his first monologue since parting ways with Fox News. Carlson broadcast his monologue on Wednesday night at his usual 8 p.m. ET time slot—when he would have addressed the nation from Fox News’ “Tucker Carlson Tonight”—but this time from his Twitter account. The conservative current…


Tucker Carlson Breaks Silence in 1st Video Message Since Leaving Fox

“Good evening, it’s Tucker Carlson!” Tucker Carlson has proclaimed again to America in his first monologue since parting ways with Fox News. Carlson broadcast his monologue on Wednesday night at his usual 8 p.m. ET time slot—when he would have addressed the nation from Fox News’ “Tucker Carlson Tonight”—but this time from his Twitter account. The conservative current…


NTD Business (April 26): Disney Sues DeSantis After Privileges Revoked; House Republicans Vote on Debt Ceiling Bill

The House is voting on a Republican bill to raise the U.S. debt limit. What are lawmakers saying, and does it have any chance to pass? Disney is suing Florida Gov. Ron DeSantis, escalating the conflict to new heights. The company just had its special taxing powers revoked. Both Microsoft and Google had a heavy…


Bill O’Reilly Says Tucker Carlson’s Fox News Ouster Will Impact Republicans in 2024

Bill O’Reilly has predicted that Tucker Carlson’s departure from Fox News could negatively affect the 2024 presidential race for Republicans. The host of the eponymous Fox News primetime show “Tucker Carlson Tonight” parted ways with the cable news network Monday despite consistently garnering one of the network’s largest audience bases. O’Reilly, a former Fox News…


Biden Admin Moves to Regulate Salmonella in Breaded Raw Chicken, Industry Raises ‘Grave Concerns’

The U.S. Department of Agriculture (USDA) has proposed new rules banning certain poultry products from being contaminated by salmonella bacteria, a move the industry argues would only cost workers their jobs and take convenient products off shelves. The proposal, released on Tuesday by the USDA’s Food Safety and Inspection Service (FSIS), targets breaded, stuffed raw…