CSX named Steve Angel as its new CEO as the railroad faces pressure from an activist investor and rising competitive challenges.
September 29, 2025Search
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Uber Reports Leaps in Grocery, Retail Deliveries
The company expects non-restaurant deliveries to hit an annual run rate of $12.5 billion in gross bookings by the end of 2025, 25% more than the $10 billion run rate it shared in May.
September 26, 2025Costco Earnings Beat Estimates on Dependable Consumer Demand
Costco Wholesale Corp. reported quarterly profit that was better than expectations, a sign that spending remains healthy as shoppers prioritize essentials and seek value.
September 25, 2025Amazon to Pay $2.5B to Settle Prime Subscriptions Case
Amazon will pay $1 billion in civil penalties and will refund $1.5 billion to customers to resolve allegations that it misled millions into signing up for Prime and then made it hard to cancel.
September 25, 2025Zoox Seeks NHTSA Approval for Driverless Car Deployment
The exemption Zoox is seeking would allow the company to operate as many as 2,500 self-driving cars on U.S. roads.
September 24, 2025Performance Food Adds Activist Investor Amid Takeover Talks
Scott Ferguson, founder of Sachem Head Capital Management, is joining the Performance Food board as talks with US Foods continue.
September 24, 2025Amazon Jury Trial Over FTC’s Prime Cancellation Claims Opens
Amazon.com squared off in court against the FTC over allegations that the company duped customers into signing up for the Prime subscription service and then made it too hard to cancel.
September 23, 2025Autonomous Trucking Startup Gatik to Deploy 50 Rigs in Canada
The plan would be the largest deployment of self-driving trucks in North America, according to Gatik, a sign that autonomous freight transport is starting to gain traction.
September 23, 2025Amazon Battles Claims of 'Control' Over Contract Drivers
Amazon.com exercised “overwhelming control” over subcontracted drivers it claimed weren’t its employees, U.S. labor board attorneys told a judge Sept. 22.
September 23, 2025Trial to Start Examining Amazon's Prime Sign-Up Process
A federal trial beginning in Amazon’s hometown this week is set to examine whether the online retailing giant tricked customers into signing up for its Prime service.
September 22, 2025