July 26, 2022

Teva Reaches Tentative $4.25 Billion Settlement Over Opioids

Teva Pharmaceuticals, one of the country’s biggest manufacturers of generic opioids, announced a settlement in principle with some 2,500 local governments, states and tribes over the company’s role in the deadly, ongoing opioid epidemic. The deal — worth up to $4.25 billion — came after a series of blistering trials and previous settlements in individual …

Teva Reaches Tentative $4.25 Billion Settlement Over Opioids Read More »

Mini Concept Aceman hints at a beefy new EV crossover

The Aceman reinterprets Mini’s signature design elements to reflect crossover characteristics and battery-power drive. The four-door concept, which seats five, hints at roomier Minis that take advantage of a skateboard architecture possible with electric powertrains. Its two-box design with short overhangs maximizes interior roominess in a compact exterior footprint that measures 159.45 inches long and …

Mini Concept Aceman hints at a beefy new EV crossover Read More »

Microsoft Reports Earnings That Fall Short of Already-Reduced Expectations

SEATTLE — The uncertainty and challenges in the global economy have hit Microsoft, which on Tuesday reported quarterly earnings that fell short of Wall Street’s and its own expectations. The tech giant said it had $51.9 billion in sales in the quarter ended June 30, up 12 percent from a year earlier. Profit rose 2 …

Microsoft Reports Earnings That Fall Short of Already-Reduced Expectations Read More »

Alphabet’s profit dropped 14 percent in the second quarter.

Google may be settling into a period of more modest growth, as concerns about a slowing economy and rising inflation have taken a toll on online advertising. Google’s parent company, Alphabet, reported on Tuesday a net profit of $16 billion in the second quarter, down 14 percent from a year earlier, while revenue climbed 13 …

Alphabet’s profit dropped 14 percent in the second quarter. Read More »

Instagram, Facing Criticism From Kylie Jenner and Others, Tries Explaining Itself

Instagram versus the Great Celebrity Gang-Up? The photo-sharing app, which is owned by Meta, found itself under fire this week over how it has changed over time. The pile-on started on Monday, when Kylie Jenner, the beauty mogul with 361 million Instagram followers, shared an image on the site that read: “Make Instagram Instagram again. …

Instagram, Facing Criticism From Kylie Jenner and Others, Tries Explaining Itself Read More »

Ford Mustang spy photos emerge; 7th-generation reveal at 2022 Detroit auto show

“We’ve previously said the all-new, seventh-generation Mustang is on the way and we can’t wait to share more details soon,” he said in a statement. The current-generation Mustang, which began production in 2015, has been a segment leader even as interest in such vehicles has waned. Mustang U.S. sales fell 14 percent year over year …

Ford Mustang spy photos emerge; 7th-generation reveal at 2022 Detroit auto show Read More »

The next Ford Mustang will be revealed at Detroit auto show

Ford Motor Co. will reveal a redesigned, seventh-generation Mustang pony car at the North American International Detroit Auto Show in September, according to a person with knowledge of the plans. The vehicle, code-named S650, is expected to begin production in the first half of next year. It is expected to feature carryover V-8 and four-cylinder …

The next Ford Mustang will be revealed at Detroit auto show Read More »

Shopify Is Laying Off 10 Percent of Staff

Shopify, the online marketplace, is laying off about 10 percent of its 10,000 employees, the company’s chief executive announced Tuesday, citing stagnating growth in the e-commerce space. The job cuts will affect teams across recruiting, support and sales, as well as “duplicate roles,” Tobias Lütke, Shopify’s chief executive, wrote in a memo to employees, and …

Shopify Is Laying Off 10 Percent of Staff Read More »

Shopping Cart