Nike Inc.’s management team, led by Chief Executive Officer John Donahoe, is facing growing criticism from Wall Street as a prolonged sales slump sparked the stock’s biggest rout since the company went public in 1980.

The world’s largest sportswear company sees revenue declining in the mid-single digits in the company’s current fiscal ...Read more

Ford Motor Co. will open an electric vehicle development center in Long Beach, California, next year in a bid to attract and retain the engineering and software talent it needs to develop future EVs.

The 250,000-square-foot center will house up to 450 employees. Ford declined to disclose the investment in the location. It's an outgrowth of the ...Read more

While manufacturers work on the elusive, $25,000 electric car, the internal combustion engine market has gotten a shot in the arm with new, more affordable, more content-rich $25,000 models.

The latest is from Volkswagen, which cut the price on its base, $23k Jetta compact sedan while bringing in more standard safety features. Reskinned for the...Read more

Ford Motor Co. CEO Jim Farley took to LinkedIn on Friday to emphasize politics and policy won't be what turns the United States to electric vehicles — ensuring they are desirable and accessible will.

"The tipping point we’re working toward will come not from regulators who push us or from politicians who try to hold us back," Farley said in...Read more

OptumRx is paying $20 million to settle allegations the company broke federal law by mailing opioids alongside other medications without resolving red flags about whether they were for legitimate medical purposes.

The Drug Enforcement Administration says OptumRx may have "improperly filled certain opioid prescriptions in combination with other ...Read more

Boeing officials signaled, over the past week, that they are shifting their views on the types of defense work the company will take on, as it grows some programs, prepares to end others and embarks on a $1.8 billion expansion project here.

The company is becoming more open to projects where it serves not as the lead, or "prime" contractor, but...Read more

Xcel Energy wants to spend $1.9 billion through three years to prevent wildfires in Colorado, a dramatic increase that reflects the company's urgency after its involvement in devastating blazes in Colorado and Texas posed safety and financial hazards.

If Colorado regulators approve the wildfire plan covering 2025-27, it would raise the monthly ...Read more

State Farm General is seeking to dramatically increase residential insurance rates for millions of Californians, a move that would deepen the state's ongoing crisis over housing coverage.

In two filings with the state's Department of Insurance on Thursday signaling financial trouble for the insurance giant, State Farm disclosed it is seeking a...Read more

People’s pocketbooks are not just top of mind at the grocery store, gas station or dinner table. They’ll be paramount at the polls this election cycle.

A plurality of Georgia voters see economic issues, including inflation and the cost of living, as the most important factors driving their choice in November’s presidential election, ...Read more

When Bentley asks if Grasso’s Garage has any stables open for a weekend test, we always make room.

The 2024 Bentley Continental GT S comes with more than 95 different exterior color options; our test vehicle was painted in magnificent Magenta. On the inside, our tester offered the Porpoise main hide with a damson secondary hide and Piano ...Read more

As Amazon celebrated the opening of a Kirkland, Washington, manufacturing facility for its broadband network Project Kuiper, the company pushed back its timeline for launching satellites.

At a ribbon-cutting event to formally open the 172,000-square-foot facility Thursday, Steve Metayer, Project Kuiper’s vice president of production ...Read more

In a major victory for business, the Supreme Court Friday gave judges more power to block new regulations if they are not clearly authorized by federal law.

The court's conservative majority overturned a 40-year-old rule that said judges should defer to agencies and their regulations if the law is not clear.

The vote was 6-3, with the liberal ...Read more

Congress is pressing Amazon to share more information about its safety record — from warehouses to delivery drivers — but some workers’ rights advocacy groups say lawmakers aren’t moving fast enough.

On Thursday, roughly one year since Sen. Bernie Sanders launched a congressional investigation into Amazon’s warehouse working ...Read more

CHARLEVOIX, Michigan — Rather than offering one midsize crossover, Toyota is offering a shelf-full of products for different tastes: Highlander, Grand Highlander three-row, electric Bz4x, Land Cruiser off-roader. If your taste leans to an upscale road tripper, the midsize Crown Signia fits like a favorite pair of jeans.

Roomy, good looking, ...Read more

Unless you follow the automotive industry, you’re probably not following all of the new start-up automakers springing up like crabgrass after heavy summer thunderstorms. And there are quite a few. Sure, you know Tesla, and maybe Polestar, Lucid or Rivian or Fisker. But there are others, like VinFast, Karma, Canoo and our subject today, Ineos ...Read more

Ram scored best in the J.D. Power 2024 U.S. Initial Quality Survey for the second time in four years, while Chevrolet and Hyundai rounded out the top three in the annual ranking.

Ram has been at or near the top of the survey results for four of the past five years. But another Stellantis NV brand, Dodge, came in last place this year, flipping ...Read more

The National Transportation Safety Board issued a strong rebuke to Boeing late Wednesday, and said it will sanction the company.

The move follows comments by a senior executive who spoke to a media gathering on Tuesday and disclosed new information related to the cause of the Alaska Airlines fuselage blowout in January.

Boeing is a party to ...Read more

Will a coupon convince you to buy more Cheerios? How about: "The right coupons to the right consumers at the right time."

That — CEO Jeff Harmening said in an interview — is General Mills' planned antidote for consumer hesitancy.

"General Mills has a lot of first-party data," Harmening said. "And for that reason, we're able to offer ...Read more

Netflix has expanded its New Mexico production facility to include four new soundstages, in a move that increases the streaming giant's robust presence in the state with its film and television productions.

In addition to the stages, the expansion encompasses three mills, a production office, two stage support buildings and two backlot spaces ...Read more