Tyson Foods Chief Financial Officer John R. Tyson—a great-grandson of the company’s founder—has settled public intoxication and criminal trespassing charges filed against him after he broke into a stranger’s home and fell asleep on her bed. Tyson pleaded guilty to both misdemeanors in a district court in Fayetteville, Arkansas, on Tuesday, according to the Fayetteville…
Grand Jury Probes Faulty Goodyear Recreational Vehicle Tires
DETROIT—A federal grand jury in Los Angeles is gathering evidence in a criminal investigation of Goodyear recreational vehicle tires that the government blames for crashes that killed eight people and injured dozens of others. The grand jury has subpoenaed Arizona lawyer David Kurtz seeking all documents and deposition transcripts in a lawsuit he filed against…
Global Shares Edge Higher, Tracking Wall Street Rally
January 27, 2023
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TOKYO—Global shares advanced Friday, tracking a rally on Wall Street following reports suggesting the economy and corporate profits may be doing better than feared. France’s CAC 40 gained 0.2 percent to 7,107.44. Germany’s DAX was unchanged at 15,134.04, while Britain’s FTSE 100 rose nearly 0.2 percent to 7,773.10. The future for the Dow Jones Industrial…
Akio Toyoda Resigns as Toyota’s CEO Amid Transition to Electric Vehicles
Toyota’s CEO Akio Toyoda is stepping down from his position and assuming the role of chairman after over 13 years in charge, the company announced on Thursday, amid plans to transition to electric vehicles. Toyoda, 66, is the grandson of Toyota’s founder and has led the company since 2009. He will resign on April 1…
Musk Outlines Tesla’s Recession Playbook: Claw Back Costs
Elon Musk has a playbook for Tesla headed into what he believes will be a “serious” recession: cut costs on everything from parts to logistics, while keeping the pressure on competitors with discounted sticker prices. In a conference call to discuss Tesla’s fourth-quarter results, Musk and other executives outlined plans to reshape the electric vehicle…
Boeing Pleads Not Guilty in Case Over Deadly Max Crashes
FORT WORTH, Texas—Boeing pleaded not guilty Thursday to a charge that it misled regulators who approved its 737 Max, the plane that was involved in two crashes that killed 346 people. Family members of passengers who died gave emotional testimony, calling for criminal prosecution of top Boeing officials. The families are trying to convince a…
Walmart’s Sam’s Club to Add 30 Stores in Next Few Years
NEW YORK—Walmart said Thursday it plans to open more than 30 Sam’s Club locations in the next few years, marking the first expansion since 2017. The nation’s largest retailer, based in Bentonville, Arkansas, plans to open the first Sam’s Club location as part of the expansion next year in Florida. Sam’s Club is also modernizing…
Testing Group Says Tesla Autopilot Slips in Driver Assistance Ratings
WASHINGTON—Tesla’s advanced driver assistance system Autopilot fell in a ranking of 12 major systems, Consumer Reports said Wednesday. Of 12 systems tested by Consumer Reports, a nonprofit organization that evaluates products and services, Ford Motor’s BlueCruise was first, followed by General Motors’ Cadillac Super Cruise and Mercedes-Benz Driver Assistance. Tesla, which was second in Consumer…
BuzzFeed Shares Soar 150 Percent After Publisher Plans to Use ChatGPT Creator OpenAI for Content
BuzzFeed plans to use ChatGPT Creator OpenAI tools to help produce some of its content, joining the growing list of digital publishers planning to incorporate artificial intelligence into their business operations, according to a memo reviewed by The Wall Street Journal. Company shares skyrocketed as much as 157 percent, to $2.44, in intraday trading following…
Australian Firm Launches Bid to Rescue Collapsed UK Battery Company Britishvolt
An Australian start-up has launched a rescue bid for British electric car battery business Britishvolt, which was once praised by former Prime Minister Boris Johnson but fell into administration last week. Recharge Industries said it lodged a late takeover bid on Tuesday for the firm, a week after Britishvolt collapsed and made the majority of…
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