Chevy Blazer Troubles Add to GM's EV Growing Pains

General Motors halted sales of the new SUV, citing software problems. The automaker also has had issues with its other new electric vehicles. 


 
Renting Clothes Was Supposed to Be the Future of Fashion. Then Shoppers Got Bored.

Rent the Runway and Stitch Fix are adapting their business models to retain consumers as needs and tastes have changed. 


 
Biggest U.S. Renewable Project Under Way, Finally

The sluggish timeline for a New Mexico wind and power transmission project is a problem for the Biden administration as it seeks 100% clean electricity by 2035. 


 
The CEO Who Gave 60,000 Employees His Cellphone Number

In his quest to transform Adidas, Bjørn Gulden is pushing staff at the sneaker and apparel maker to break rules and ignore consultants. 


 
'This Has Been Going on for Years.' Inside Boeing's Manufacturing Mess.

Outsourcing worried engineers and sparked battles over quality before a door plug blew out on an Alaska Airlines plane midflight. 


 
Citigroup Plans to Cut 20,000 Jobs

The reductions will amount to about 10% of the bank's workforce, excluding a Mexico business, marking the next phase of its most dramatic restructuring plan in decades. 


 
Americans' Finances Defied the Skeptics, Bank Earnings Show

JPMorgan, Bank of America, Wells Fargo and Citigroup together earned $104 billion in 2023, up 11% from a year earlier. 


 
UnitedHealth's stock suffers biggest drop in 7 months as costs disappoint

Shares of UnitedHealth Group Inc. slumped Friday, after the health insurer reported a jump in medical costs relative to revenue in the fourth quarter, but earnings that continued to beat forecasts. 


 
Delta CEO highlights 'testy' geopolitical environment behind lowered earnings guidance

For 2024, Delta expects earnings of $6 to $7 a share, below the target of over $7 a share the company outlined at an investor day in December 2022. 


 
BlackRock to Buy Infrastructure Firm for $12.5 Billion

The acquisition of Global Infrastructure Partners, a private-equity firm focused on infrastructure, would be BlackRock's largest in 15 years.


(END) Dow Jones Newswires

01-14-24 2115ET