Business

Ford is activating its national network of dealerships to directly support some of the nation's biggest nonprofits, such as the American Red Cross, Feeding America, Habitat for Humanity and Team Rubicon. As part of Ford Philanthropy's "Building Together" initiative, which kicked off in June, the auto company is leveraging resources across its organization from its cars, employees and dealers, to help these organizations make a tangible impact. Ford Philanthropy is the […]

Lawmakers are taking aim at China with recently introduced legislation that would bring more oversight on foreign ownership of U.S. farmland. A group of bipartisan lawmakers introduced the Agricultural Foreign Investment Disclosure Improvements Act (AFIDA) this month. The move was first reported by Fox News Digital. The legislation seeks to implement recommendations published by the Government Accountability Office in January 2024, which found the AFIDA was ill-equipped to combat foreign ownership of American […]

Harley-Davidson is recalling over 82,100 Softail motorcycles due to a faulty part that could damage its rear tire and make it suddenly lose pressure.The company said in a report filed earlier this month with the National Highway Traffic Safety Administration (NHTSA) that the recalled 2018-2019 FLDE, 2018-2021 FLHC, 2018-2024 FLHCS, 2018 and 2023 FLHCS ANV, 2020-2024 FXLRS, 2022-2024 FXLRST and 2022 FXRST Softail motorcycles may have a certain type of rear […]

American Express has significant updates in the pipeline for its Platinum credit cards. The company’s U.S. consumer and business Platinum Cards are slated to get "major" updates "later this year," American Express said.American Express executive Howard Grosfield said Monday in a statement that the company is "going to take these Cards to the next level, not only in what they offer in travel, dining and lifestyle benefits, but also in how […]

An Air India Boeing 787-8 Dreamliner turned around and went back to its point of origin after takeoff, just days after the airline experienced a deadly crash that killed 241 people onboard.Air India's flight AI315 returned to Hong Kong on Monday as a precautionary measure due to "a technical issue," the airline told Reuters. The flight was headed to New Delhi before it returned safely and underwent checks "as a […]

Activist investor Barington Capital Group is calling for Victoria's Secret to restructure its board of directors and scrap its recently adopted shareholder rights plan. James Mitarotonda, the CEO of the New York-based hedge fund, which owns more than 1% of the company’s outstanding common stock, told Victoria's Secret Chair Donna James in a letter Monday that it has failed to realize its potential since its separation from its parent company, L […]

At Home Group has filed for bankruptcy to help the home decor retailer undergo a restructuring.The company announced Monday it started Chapter 11 bankruptcy proceedings so that it can implement a "restructuring support agreement" that it has signed with lenders "holding more than 95% of the Company’s debt."The restructuring support agreement will help the retailer wipe out "substantially all" of its nearly $2 billion in funded debt, At Home said. […]

The rise of artificial intelligence and the increasing popularity of cryptocurrency will continue to push electricity consumption to record highs in 2025 and 2026.The U.S. Energy Information Administration (EIA), in its latest Short-Term Energy Outlook (STEO), said power demand will rise to 4,193 billion kilowatt-hours (kWh) in 2025 and 4,283 billion kWh in 2026 from a record 4,097 billion kWh in 2024.Data centers will account for the most significant rise […]

Former Estée Lauder CEO Leonard Lauder has died at the age of 92, according to a company statement.Lauder, who was the son of company founder Estée Lauder, died on Saturday. He most recently served as chairman emeritus on the board of The Estée Lauder Companies, after previously serving as president and CEO."Throughout his life, my father worked tirelessly to build and transform the beauty industry, pioneering many of the innovations, […]