Company News

all is the season for new gadgets. Apple recently announced its latest iPhones, Amazon showed off new smart speakers and even an Alexa-activated microwave, and Google is hosting its own product launch event next week. But Tuesday is all about Microsoft, which unveiled a slew of devices ahead of the …

Facebook says it has not found any evidence “so far” that its attackers accessed third-party sites through Facebook Login. It’s a sliver of good news about a massive data breach that the company first disclosed last week. Attackers accessed as many as 50 million accounts in the largest such breach …

This story originally published on October 2, 2018. New York CNN Business — Tencent Music has filed plans to go public in the United States in what could be one of the biggest recent US IPOs by a Chinese company. The company set a placeholder target of $1 billion, which …

New York CNN Business — A tumultuous quarter at Tesla ended with some very good sales numbers. The company delivered 83,500 vehicles during the third quarter, a strong performance that should calm investor fears about logistical problems and a looming cash crunch. That included almost 56,000 of the lower-priced Model …

London CNN — Volkswagen has severed ties with suspended Audi CEO Rupert Stadler, who has been jailed since June in connection with an emissions investigation. Stadler has left the board of management of Audi parent company Volkswagen (VLKAF) and stepped down as chairman of the premium brand’s management board, the …

Western brands are having to work harder to win over customers in China. Where American or European companies could once expect to find an enormous market hungry for their products, changing tastes and the challenge from new Chinese rivals are forcing them to adopt new strategies to succeed in the …

New York CNN Buiness — Toys “R” Us may be coming back. The company closed all of its US stores in June as part of a bankruptcy liquidation. But the owners of the company’s remaining assets are looking into restarting the business, as well as the related Babies “R” Us …

Aston Martin is joining the ranks of listed automakers with an IPO that values the British company at more than $5 billion. But its first day of trading in London got off to a rocky start. The favorite carmaker of fictional British secret service agent James Bond priced its shares …

Key Takeaways McDonald’s new “$5 Meal Deal” kicks off Tuesday as a number of fast-food giants have lowered prices or announced limited-time promotions in recent weeks.Fast-food rivals Wendy’s and Burger King have also recently announced plans to lower prices or introduce temporary value deals.Companies across fast food and other industries …

Key Takeaways Shareholders will vote on executive compensation plans, including that of CEO Marc Benioff, who reportedly earned more than $39 million in total compensation for fiscal 2024.They will also vote on whether to re-elect the board of directors, whether to reinstate the employee equity incentive plan, and on proposals …