Norfolk Southern makes broad safety adjustments after third train derailment
A Norfolk Southern spokesman told CNBC the train carrier is now mandating that any trains over 10,000 feet use distributed power.
Lordstown Motors says it still has $220 million in cash as it grapples with production issues and an EV pivot
Lordstown ended the year with over $220 million in cash as it pivots to work with Foxconn on a new electric vehicle program.
SiriusXM cuts 8% of its workforce as part of a broader reorganization
SiriusXM CEO Jennifer Witz told staff on Monday the company is cutting 8% of its workforce, or 475 roles.
Prosecutors in Alec Baldwin ‘Rust’ shooting case are getting heat over apparent missteps
Alec Baldwin's lawyers say the special prosecutor, Andrea Reeb, isn't permitted by New Mexico's Constitution to try the case.
Marlboro maker Altria agrees to buy e-cigarette startup NJOY for nearly $2.8 billion
Altria's deal to buy NJOY comes after the Marlboro maker exited its position in Juul Labs.
Paramount Global considers selling majority stake of BET Media Group, sources say
Paramount Global is exploring a majority stake sale of BET Media Group but isn't looking to sell off other parts of the business, sources say.
Nordstrom earnings top expectations as retailer starts winding down Canada operations
Nordstrom has struggled with slower sales, more markdowns and pressure from activist investor Ryan Cohen.
Tesla is not the only company reviewing its Europe investment after Biden’s Inflation Reduction Act
Many multinationals are reconsidering or changing previous plans to deploy new money into Europe.
Fed’s Powell heads to Capitol Hill this week, and he’s going to have his hands full
Federal Reserve Chairman Jerome Powell to appear before Congress with a tall task.