General Motors anticipates a smaller impact from tariffs and is boosting its full-year adjusted earnings forecast as its third-quarter performance topped Wall Street’s expectations. The automaker reduced its expectations for the full-year gross impact from tariffs to a range of $3.5 billion to $4.5 billion. Its previous guidance was $4 billion to $5 billion. GM [...]
NEW YORK (AP) — Just months after announcing plans to split into two companies, Warner Bros. Discovery has signaled that it may be open to a sale of its business. In an announcement this week, the entertainment giant said it had initiated a review of “strategic alternatives” in light of “unsolicited interest” it had [...]
LAS VEGAS (AP) — Nevada labor unions hoping to boost jobs and tourism are pushing state officials to offer tax credits aimed at bringing more Hollywood filmmaking to the state. The effort to offer up to $95 million in tax credits to Sony Pictures Entertainment and Warner Bros. Discovery for a new film production facility [...]
Two local affordable housing projects have been approved for financing through various programs, according to the Ohio Housing Finance Agency. The agency’s board last week approved the financing to support the housing developments that are designed “to create or preserve affordable housing units.” Among the developments that received approval for funding is Bexley Apartments in [...]
NEW YORK (AP) — Wall Street investors say they are concerned about the health of the nation’s regional banks after a few of them wrote off bad loans to commercial customers earlier this month and caused investors to wonder if there might be more bad news to come. Zions Bank, Western Alliance Bank and the [...]
The Federal Aviation Administration last week said it will allow Boeing to produce more 737 Max airplanes by increasing the monthly limit that it imposed after a door plug blew off an Alaska Airlines jet that the company built. Boeing can now produce 42 Max jets per month, up from 38, after safety inspectors conducted [...]
The University of Texas broke tradition by adding corporate logos to its football field, a year after Athletic Director Chris Del Conte said he wasn’t considering it. The additions of Humann logos on the playing field was in large part due to the company’s longtime ties to the university, but the revenue generated certainly won’t [...]
WASHINGTON (AP) — President Donald Trump is giving domestic automakers additional relief from tariffs on auto parts, extending what was supposed to have been a short-term rebate until 2030. It’s part of a proclamation Trump signed last week that also made official a 25 percent import tax on medium and heavy duty trucks, starting Nov. [...]
French luxury goods company Kering said it is selling its beauty division to L’Oreal for $4.66 billion. Under the agreement, Clichy, France-based L’Oreal will acquire the House of Creed high-end fragrance company, as well as licenses to create beauty and fragrance products for Kering brands such as Gucci, Bottega Veneta and Balenciaga. The companies said [...]