A Tesla founder and former chief executive said on Tuesday it was a shame to hear that the automaker was scrapping its low-cost car plans amid fierce competition in China. Martin Eberhard was speaking at the HSBC Global Investment Summit in Hong Kong. On Friday, Reuters reported that Tesla was cancelling its long-promised inexpensive car that investors had been counting on to drive growth. The decision represents an abandonment of a longstanding goal that Tesla chief Elon Musk has often...
Some Man United staff will reportedly no longer get access to private cars. It follows news of the club cancelling corporate credit cards to cut costs . Why this is the end for Erik ten Hag at Man United -
Snow covers rows of buses at Bend-La Pine Schools' bus barn in January
An SEC filing made by Take-Two reveals that it expects the cost-cutting efforts, which it calls "rationalizing its pipeline" and "streamlining its organizational structure," to incur costs of up to $200 million, including $35 million from employee-related costs and $140 million from canceled projects. There are also $15 million toRead Entire Article
The Biden administration is canceling student loans for another 206,000 borrowers as part of a new repayment plan that offers a faster route to forgiveness.
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Welcome to The Hill's Energy & Environment newsletter {beacon} Energy & Environment Energy & Environment The Big Story Interior cuts costs for wind, solar on public lands The Biden administration has finalized a rule that's expected to make it cheaper to develop wind and solar energy on public lands. © AP Photo/Rick Bowmer The
(The Center Square) — Retired Delaware lawmakers will be getting a boost in their pension payments because the state failed to make changes to a retirement law more than two decades ago. In March, Delaware Pension Administrator Joanna Adams informed retired lawmakers that the change is needed because Delaware’s legal code was "never updated" after the passage of a 1997 law that changed how legislative pensions were calculated. She said the agency will "retroactively" update the...
Bloomberg reports the new routes from Newark to Portugal and Tokyo to The Philippines will be delayed as the Federal Aviation Administration reviews the carrier’s performance record. Faro and Cebu Put on Backburner Pending Review In an email to the news outlet, United confirmed that two routes planned for launch would be pushed […]
Carpetright has reportedly drafted in advisers to explore cost-saving measures for the business as it struggles amid a slowdown in demand.
Toshiba Corp is considering cutting thousands of workers in Japan as part of efforts to reduce costs and improve business efficiency, sources familiar with the matter said Wednesday. The job cuts, mainly targeting the company's back-office departments, are expected to be included in its business strategy due to be announced
Sikorsky plans on laying off workers due to the U.S. Army’s recent decision to cancel the Future Attack Reconnaissance Aircraft program, a spokesperson said. The layoffs will impact workers in the Sikorsky business segment. A spokesperson told NBC Connecticut that amounts to less than 1% of parent company Lockheed Martin’s workforce. “We intend to retain as many roles as possible