The department store chain's shares increased by as much as 19% after Kohl's Corp. revealed a surprise profit and its new CEO's attempts to turn around the business, which saw its margins decline last year, started to bear fruit.   Despite reporting a larger-than-anticipated decline in...

Ford Motor Co. has presented an ambitious plan to successfully increase electric vehicle sales, but it will be difficult to reduce expenses by $7 billion and recover Wall Street trust.   "You're not going to believe us until we start delivering it," Ford Chief Financial Officer John Lawler...

Due to a shortage of resources, battery electric cars (BEV) cannot be the auto industry's sole response to climate change, said Toyota Motor Corp.'s chief scientist on Thursday, warning that focusing on BEVs may encourage some drivers to continue driving polluting vehicles.   Some investors...

Margherita Della Valle, the new CEO of Vodafone, announced she will reduce 11,000 positions globally over the next three years to help the telecoms business regain its competitive edge, after the company warned that bad performance in its largest market, Germany, would hurt cash flow.  ...

Tesla Inc CEO Elon Musk, who has never used traditional advertising to sell cars, said on Tuesday that the company would give it a shot and see what happened.   Musk called it "ironic" that he now owned Twitter as CEO of Tesla. The social media network is heavily reliant on advertisements,...

A regulatory filing revealed that UBS Group AG was hurried into buying cross-town rival Credit Suisse Group AG in a merger it did not want, as a global bank crisis weakened the latter's solvency and prompted authorities to take rapid action.   In a report to the Securities and Exchange...

In a twitter post recently, the newly appointed Twitter CEO Linda Yaccarino stated that she is inspired by owner Elon Musk's vision for a brighter future and is enthusiastic to help modernise the social media network.   It was Yaccarino's first public statement since the news surfaced on...

Newcrest Mining Ltd, an Australian gold miner, announced on Monday that it will support Newmont Corp's A$26.2 billion ($17.8 billion) takeover bid, one of the world's largest buyouts this year.   The transaction, which is subject to approval by both companies' shareholders and other...

According to a former head of engineering at Bytedance in the United States, the firm fired him after he complained to management about the corporation stealing user content from other platforms, primarily Instagram and Snapchat.   The disagreement comes at a time when some US politicians...

Toyota Motor Corp said on Friday that owing to human mistake, the car data of 2.15 million Japanese users, or nearly the entire customer base who signed up for its primary cloud service platforms since 2012, had been publicly available for a decade.   The issue, which also affected customers...

Tesla Inc raised the pricing of its Model S, X, and Y electric vehicles in the United States by low single-digit percentages on Thursday, though prices remained significantly lower than at the start of the year.   According to the company's website, pricing for all variations of its...