Tag Archives: Finance & Business

DETROIT (AP) — The United Auto Workers said Tuesday that a majority of workers at a Mercedes plant near Tuscaloosa, Alabama, have signed cards in support of joining the union. The plant in Vance, Alabama, is the second one to reach more than 50% of workers signing up, according to the union. Earlier in February, the UAW announced that a …

U.S. auto safety regulators have closed a seven-year investigation into complaints about power-assisted steering failures in Ford Fusions without seeking additional recalls. The National Highway Traffic Safety Administration says in documents posted Monday that its testing found only minor steering effort changes if the power-assist failed. It also found a declining failure trend, and a lower failure rate in Fusions …

TOKYO (AP) — Japanese technology conglomerate SoftBank Group returned to profitability in October-December after four straight quarters in the red, the company said Thursday. Tokyo-based SoftBank reported a 950 billion yen ($6.4 billion), profit for the October-December quarter, a reversal from a 783 billion yen loss in the same period a year earlier. It remained in the red for the …

Satya Nadella marks his tenth year as Microsoft CEO on Sunday, capping a decade of stunning growth as he pivoted the slow-moving software giant into a laser focus on cloud computing and artificial intelligence. Microsoft’s stock has soared by more than 1,000% since Nadella took the helm in 2014, compared to the more gradual 185% growth of the broader S&P …