Lyft agrees to pay $2.1 million penalty after FTC says company made ‘deceptive’ claims about how much drivers can earn
The US Department of Justice filed a lawsuit against Lyft on Friday. The FTC said Lyft made “deceptive” claims about…
Volkswagen weighs wage cuts, bonus reductions in push to save 4 billion euros – Handelsblatt
Volkswagen is exploring a series of cost-cutting measures for its core brand, including a 10% wage cut and a two-year…
Tesla Hints at Affordable Models, Reviving Hopes for Rumored Model 2
Tesla is back to promising a more affordable EV after reportedly canceling plans for a rumored $25,000 vehicle earlier this…
Intel’s $1.45 billion EU antitrust fine is officially history
A €1.06 billion EU antitrust penalty on chipmaker Intel for abuse of dominance dating back to 2009 (when it was…
Huawei Cloud sees fast business growth in South Africa
Huawei Cloud’s business in South Africa has grown fast over the past five years and it plans to launch more…
Zuckerberg Fires Six-Figure Employees Over Abusing Company Food Service
Mark Zuckerberg’s tech giant Meta recently dismissed 24 employees from its Los Angeles office for exploiting the company’s $25 meal…
Europe’s top court rules for Intel to end long-running antitrust case
The EU Court of Justice, Europe’s top court, ruled on Thursday in favour of Intel, ending a nearly two-decade-long fight…
Apple CEO Cook says company will increase investment in China
Apple CEO Tim Cook said at a meeting with the Chinese government in Beijing that the U.S. company will increase…
Southwest Airlines near deal to avert board battle
Elliott Investment Management and Southwest Airlines (LUV) are close to reaching a settlement that would avert a proxy battle for…
A 2nd major recall for Honda in October, this time for pumps that can crack, leak fuel
Honda is recalling more than 700,000 vehicles because the high-pressure fuel pump may crack and leak fuel, which could increase…