Uber has agreed to sell its self-driving car business to a startup as the pandemic puts pressure on its core business. CNBC’s Jessica Bursztynsky reported: Uber’s self-driving unit, Advanced Technologies Group (ATG), is being...
Southwest Airlines has warned it may have to furlough as many as 6,800 staff. Leslie Josephs from CNBC reported: Southwest Airlines on Thursday said it could furlough more than 6,800 employees — about 12%...
UPS has introduced shipping limits on several large retailers to be able to cope with the holiday online shopping rush. Paul Ziobro from the Wall Street Journal reported: United Parcel Service Inc. imposed shipping...
Salesforce will buy Slack for $27.7 billion in what will be one of the biggest deals in the software industry. Ari Levy from CNBC reported: Salesforce is making the biggest acquisition in its 21-year...
GM has revised its plans to take a minority stake in EV startup Nikola, instead agreeing on a “supply partnership”. CNBC’s Michael Wayland reported: Shares of Nikola plunged during trading Monday after General Motors...
A federal judge on Tuesday formally denied the U.S. Small Business Administration’s request for a stay and said the agency must release detailed information about what companies received loans from the $659 billion Paycheck...
GM will recall some 7 million cars worldwide that contain potentially dangerous airbag inflators. David Shepardson reported for Reuters: General Motors Co will recall 7 million vehicles worldwide with potentially dangerous Takata air bag...
Guitar Center has filed for Chapter 11 bankruptcy protection, becoming the latest nonessential retailer to fall victim to the pandemic. Bloomberg’s Katherine Doherty reported: Guitar Center Inc., the largest U.S. retailer of music instruments...
Seattle Times real estate reporter Katherine Long is moving to a new beat — covering Amazon.com. She also covered the Port of Seattle. “It’s bittersweet to move off the real estate beat. But plenty...
A federal judge has ruled that the U.S. Small Business Administration must release detailed information about Paycheck Protection Program loans, reports Matthew Kish of the Portland Business Journal. Kish reports, “The judge made the ruling in...
