SAO PAULO (Reuters) – Toyota said on Tuesday it will close its 60-year-old plant in the Brazilian city of Sao Bernardo do Campo, its first ever outside Japan, and shift production to its other manufacturing facilities in Sao Paulo state. The automaker said the move will be made gradually, starting in December and due for…
NEW YORK (AP) — The new CEO of Hertz says he’s working to fix a glitch in the rental-car giant’s systems that has led to some of its customers being wrongly accused of stealing cars they had rented. Stephen Scherr, who took over as CEO on Feb. 28, said the company has changed its practices…
Twitter tweeted Tuesday that it is indeed working on a way for users to edit their 280-character messages, although it says the project has nothing to do with the fact that edit-function fan Elon Musk was just revealed as the company’s largest shareholder and now sits on its board. Twitter said it will test the…
By Hilary Russ (Reuters) -Starbucks Corp General Counsel Rachel Gonzalez was dismissed from her role as Howard Schultz returns to the chief executive position, according to a regulatory filing on Tuesday. Gonzalez will continue to serve as an adviser until she leaves the company on May 20, the filing said. Gonzalez had reported to former…
(Reuters) – Electric vehicle maker Rivian Automotive Inc said on Tuesday it is on track to achieve its production target of 25,000 vehicles this year, sending its shares up 2.4% in extended trading. The company said it had made 2,553 vehicles and delivered 1,227 cars in the first quarter. It produced 1,015 vehicles and delivered…
By David Shepardson WASHINGTON (Reuters) – JetBlue Airways said Tuesday it made an unsolicited $3.6 billion bid for low-cost carrier Spirit Airlines on Tuesday, potentially snarling merger plans between Frontier Group Holdings and Spirit. Shares of Spirit rose 22%, their highest level since mid-February. Airline stocks have suffered as air travel fell-off dramatically during the…
Proponents of clean energy and thinks tanks have long said it’s possible to reduce emissions and keep an economy growing. Now the latest report from the world’s top climate scientists says 18 countries have done just that, sustaining emissions reductions “for at least a decade” as their economies continued to grow. The United Nation’s Intergovernmental…
JetBlue Airways has offered to buy Spirit Airlines for about $3.6 billion and break up a plan for Spirit to merge with rival budget carrier Frontier Airlines. Spirit said Tuesday that it received an unsolicited bid from JetBlue. It said its board will evaluate the offer and decide what’s best for shareholders. In a statement,…
By Lewis Krauskopf, Bansari Mayur Kamdar and Praveen Paramasivam (Reuters) – Wall Street’s main indexes fell on Tuesday, dragged by weakness in tech and other growth stocks, after comments from Federal Reserve Governor Lael Brainard spooked investors about potential aggressive actions by the central bank to control inflation. The tech-heavy Nasdaq posted its biggest daily…
BERLIN (AP) — The German government said Tuesday it has resolved a long-running spat that will allow the construction of more than 1,000 onshore wind turbines, boosting efforts to expand the use of renewable energy. The economy and transport ministries said in a joint statement that a deal has been struck to amend safety rules…
