Ford Takes $19.5 Billion Hit in Detroit's Biggest EV Bust
The sum marks the U.S. auto industry's biggest reckoning to date that it can't realize its EV ambitions anytime soon.
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Stellantis Hits Milestone of 1,000 Hires for Windsor, Ontario Plant
The automaker said it hopes to add 1,500 jobs for a third shift at the Windsor Assembly Plant to launch early next year as it looks to meet anticipated demand for Dodge Chargers and Chrysler minivans.
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Hard Rock, Mets Owner Steve Cohen Get Final Greenlight for Queens Casino
The New York State Gaming Commission issued Hard Rock International and Cohen a gaming license, clearing the way for the developers to begin construction on an $8.1 billion casino project near Citi Field.
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Uber Faces Amended Lawsuit from FTC, Several U.S. States Alleging Deceptive Billing, Cancellation Practices
The complaint, originally filed by the FTC in April, alleges issues concerning the company's Uber One subscription service and includes a request for civil penalties.
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Ben & Jerry's Plans to Set Board-Term Limit, Removing Three Directors
The Vermont brand plans to implement a new guideline for board directors that caps their term to nine years, as part of a package of changes that would act as controls for its social mission.
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Luminar Technologies Files for Bankruptcy
The company plans to sell its Luminar Semiconductors subsidiary to Quantum Computing for $110 million.
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Xerox Seeks New Debt Financing Backed by Intellectual Property
The printer supplier is aiming to raise a $500 million loan secured against its intellectual property, according to sources.
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The Holidays Came Early This Year, at Least for Advertisers
Brands are chasing inflation-weary shoppers with plentiful TV spots that launched long before Halloween.
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JPMorgan Steps Further Into Crypto With Tokenized Money Fund
The new private fund will run on the Ethereum blockchain and be available to qualified investors.
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Korea Zinc to Build $7.43 Billion Smelter in U.S.
The world's largest zinc smelter aims to produce key metals and minerals, under a joint venture in Clarksville, Tenn.
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NY Attorney General Sues UPS for Allegedly Underpaying Seasonal Workers
Letitia James will ask the court to order UPS to pay restitution to current and former seasonal workers, alleging that the practices deprived workers of millions of dollars.
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Roomba Maker Declares Bankruptcy, but Tries to Ease 'Bricking' Fears
iRobot says that customer service and app functionality won't be disrupted despite the restructuring.
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SpaceX Starts a Wall Street Bake-Off to Hire Banks for Possible IPO
The rocket-and-satellite maker will interview bankers this week to advise it on its initial public offering.
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Sanofi Shares Fall After Multiple Sclerosis Drug Gets Hit by Double Setback
A U.S. regulatory decision on tolebrutinib will again be delayed while a late-stage trial of the drug for a different form of the disease didn't hit its main goal.
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Juventus Shares Climb After Agnelli Holding Company Rejects Bid From Tether
Juventus Football Club shares climbed after cryptocurrency giant Tether offered to buy the club from Italy's Agnelli family, which rejected the bid.
(END) Dow Jones Newswires
December 15, 2025 17:00 ET (22:00 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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