Ford Motor cut its profit guidance on Thursday, citing fallout from a fire at a critical aluminum supplier that will crimp production of some of its most lucrative vehicles through the end of the year.A September fire at the Novelis factory in Oswego, NY, that supplies material for F-150 trucks will cost the automaker about $1.5 billion to $2 billion before taxes and interest, Ford said, adding it expects to offset about $1 billion of that next year.Ford CEO Jim Farley said in a statement that he had been o ...

The Trump administration favors Paramount Skydance to buy Warner Bros. Discovery – and a number of rival bidders are likely to face stiff hurdles from US regulators in the blockbuster auction, On The Money has learned.That puts Paramount Skydance – the newly formed media giant headed by CEO David Ellison, the son of software magnate and longtime Trump backer Larry Ellison – clearly in the catbird seat as Warner Bros. Discovery kicks off a process to sell itself this week, according to a government official ...

Target is cutting about 1,000 corporate positions and eliminating 800 open roles in an effort to speed up business decision-making and drive growth under its new chief executive, Michael Fiddelke. Fiddelke, who will succeed Brian Cornell as CEO in February, has been focused on ways to speed up the way corporate teams work, turning the company into a leaner and faster organization to drive innovation. This includes eliminating layers of management.About 80% of the roles being cut are based in the US, with th ...

Social media giant Reddit is suing Perplexity AI and three other firms over alleged “industrial-scale” scraping of posts from its website.Perplexity – a San Francisco-based startup with its own chatbot and “answer engine” – has allegedly skirted Reddit’s data protections to swipe posts from the site for its own use, according to the lawsuit filed Wednesday in New York federal court.In contrast, companies including Google and OpenAI have signed deals with Reddit, other social media firms and news outlets, wh ...

Warner Bros. Discovery has launched a formal auction of the media giant, with bankers at JPMorgan and Allen & Co. combing through expressions of interest from multiple suitors – including one from Paramount Skydance, The Post has learned.The owner of the Warner Bros. studio, HBO and CNN held a board meeting Thursday morning with bankers and advisers to discuss the process, sources said. Prospective bidders have been sent non-disclosure agreements required to access WBD’s financials.Of particular interest to ...

Tesla is recalling over 63,000 Cybertrucks over parking lights that could flash too brightly and block other drivers’ views, the National Highway Traffic Safety Administration said Thursday.Certain 2024-2026 Cybertruck vehicles operating software prior to 2025.38.3 are included in the recall. These cars were manufactured between Nov. 13, 2023, and Oct. 11, 2025Tesla estimated that 100% of the 63,619 impacted vehicles have the defect. Christopher Sadowski In a recall report, Tesla estimated that 100% of the ...

Citigroup CEO Jane Fraser was elected as chair of the board of directors, the bank said in a filing on Wednesday.Fraser replaces John Dugan, who has been chair since 2019 and will now become lead independent director. The board also granted a one-time equity award of $25 million that will vest fully within five years, to ensure “leadership continuity,” according to the filing.The board says Citi’s recent performance improvement “is directly tied to Fraser’s track record as CEO” and cites as accomplishments ...

Tesla reported record third-quarter revenue that beat Wall Street estimates on Wednesday, driven by the highest quarterly sales of its electric vehicles as US buyers rushed to lock in a key tax credit ahead of its expiration last month.But Tesla’s profit failed to live up to analysts’ expectations, in part due to tariff and research costs, as well as a drop in income from regulatory credits that are expected to continue to fade away with recent legislation passed by the Trump administration.Shares of the Au ...

收购要约与价格 - Paramount Skydance公司对华纳兄弟探索公司提出每股24美元的收购要约[2]，且无意将出价提高至每股25美元以上[3] - 华纳兄弟探索公司已收到未经请求的收购意向并愿意出售[2]，其首席执行官David Zaslav希望以每股30美元的价格出售公司，对应估值超过700亿美元[9] - David Zaslav已拒绝Paramount Skydance的三次私下报价，最近一次约为每股24美元[6] 市场反应与公司估值 - 华纳兄弟探索公司宣布收到收购意向后股价飙升11%，近期收盘价为每股20.53美元[3] - 自2022年Discovery Inc与Warner Media合并成立以来，华纳兄弟探索公司已成为第一大影视工作室并拥有第三大流媒体服务[10] 潜在竞购方与监管障碍 - 由Brian Roberts领导的康卡斯特公司已表示有意收购华纳兄弟探索公司[6] - Netflix仅对华纳兄弟探索公司的流媒体和影视工作室业务感兴趣，该部分将于明年春季分拆为独立单元[13] - 亚马逊对流媒体服务和影视工作室均感兴趣，但因其与联邦贸易委员会就涉嫌欺骗性消费者营销达成和解协议，监管审批存在障碍[16] - 康卡斯特为规避反垄断问题，计划将MSNBC和NBC分拆为一家独立的上市公司[18] 战略考量与谈判态势 - 银行家和律师建议Paramount Skydance采取长远策略，包括可能通过敌意要约直接向股东提出收购，因为他们认为David Zaslav别无选择[10] - David Zaslav发布新闻稿是因为其认为Paramount Skydance即将以每股26至28美元的价格发起敌意收购[9] - 内部评估认为，结合监管障碍和个人恩怨，除出售给Paramount Skydance外其他任何交易都可能受阻，而David Zaslav需要达成交易以防止公司股价回落至每股12美元左右[12]

General Motors is positioning itself to take a leading role in the AI evolution with a suite of upgrades from anticipating a driver’s needs to driving for them.The automaker, which sells vehicles under the Chevrolet, Cadillac, GMC and Buick brands, plans to equip its vehicles with conversational AI powered by Google Gemini next year ahead of GM’s launch of its own custom-built AI.With the conversational AI, drivers will be able to draft and send messages and plan routes with context, such as finding a charg ...