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Continental CFO to Step Down for Mercedes Role

Continental AG Chief Financial Officer Olaf Schick will step down from his post next year to join carmaker Mercedes-Benz Group AG.

December 11, 2024

OPEC Makes Deepest Cut Yet to 2024 World Oil Demand Forecast

OPEC cut oil demand growth forecasts for this year and next for a fifth straight month, making its deepest reduction to the 2024 outlook so far after agreeing to extend its supply curbs.

December 11, 2024

Samsara Expands AI Offerings With New Intelligence Suite

The latest tool comprises Samsara Assistant, a generative AI tool that provides instant answers to questions, and Intelligent Experiences, which offers AI-driven recommendations.

December 11, 2024

Albertsons Sues Kroger for Failing to Secure Merger

Albertsons is giving up on its merger with Kroger and it is suing the grocery chain, saying it didn’t do enough to secure regulatory approval for the $24.6 billion agreement.

December 11, 2024

Appeals Court OKs Contentious R.I. Truck Tolling Plan

The program, called RhodeWorks, has been mired in court battles since American Trucking Associations and two motor carriers in 2018 challenged the law’s constitutionality.

December 11, 2024

Mondelez Approves $9 Billion Buyback After Hershey Report

Mondelez International approved a stock repurchase authorization of as much as $9 billion, days after a report that the company was exploring an acquisition of chocolate maker Hershey.

December 11, 2024

Mobileye to Use Innoviz Lidar for Self-Driving Systems

Mobileye will use laser sensors made by Innoviz Technologies for the autonomous driving system it supplies to vehicle manufacturers, a potential revenue boost for the upstart.

December 11, 2024

Consumer Prices Rise 0.3% in November

WASHINGTON — Fueled by pricier used cars, hotel rooms and auto insurance, inflation in the United States moved slightly higher last month while remaining far below its peak of two years ago.

December 11, 2024

Biden Signals Plan to Block US Steel-Nippon Deal

The president plans to formally block the $14.1 billion sale on national security grounds once the deal is referred back to him later this month, people familiar with the matter said.

December 10, 2024