Business news

Follow @Business_Newsl

• Telefonica, TIM plan joint bid for bankrupt Brazilian carrier Oi

  11-03-2020 03:57
  
  Telefonica Brasil SAand TIM Participações SAhave expressed interest in negotiating a joint offer to buy bankrupt Brazilian carrier Grupo Oi SA , the two companies said on Tuesday in securities filings.The companies informed Oi's financial advisor Bank of America Merrill Lynch of their interest in starting negotiations for a potential acquisition of all or part of the carrier that filed for the largest-ever bankruptcy in Latin America in 2016.Telefonica, the Brazilian subsidiary of
  
  Read more

• Trump official unleashes new strategy to solve America's affordable housing crisis

  30-03-2025 13:00 via foxbusiness.com
  
  The housing affordability crisis could soon wind down, if a newly-unveiled plan from the Trump administration rolls out as intended.U.S. Department of Housing and Urban Development (HUD) Secretary Scott Turner shared an idea jointly formulated with Interior Secretary Doug Burgum that will tap into the potential of underutilized federal lands to increase the supply of affordable housing and alleviate the longstanding burden on the market."There's approximately 500 million acres in our country, ou
  
  Read more

• What it takes to maintain and repair the most famous Disney rides

  30-03-2025 12:00 via foxbusiness.com
  
  Walt Disney World's Central Shops are a vital part of the magic, maintaining dozens of attractions and hundreds of audio-animatronic figures.The Central Shops building houses more than 400 cast members. It was built in 1969 to support the opening of Magic Kingdom in 1971, making it one of the oldest buildings on the property.  Fredrick Cox Jr., the director of manufacturing, told FOX Business it was an easy decision to go from making potato chips at Frito-Lay to working in the 3,000-square-
  
  Read more

• Trump says he 'couldn't care less' if foreign automakers raise prices over tariffs: 'We have plenty'

  30-03-2025 10:21 via foxbusiness.com
  
  President Donald Trump said Saturday that he "couldn't care less" if automakers raise prices due to the impact of his upcoming tariffs on foreign-made cars, arguing that the move will lead to more purchases of cars produced in the U.S."I couldn’t care less if they raise prices, because people are going to start buying American-made cars," Trump told NBC News. "I hope they raise their prices, because if they do, people are gonna buy American-made cars. We have plenty." The president al
  
  Read more

• Advertisement

• Judge rejects Hudson's Bay restructuring proposal intended to save remaining stores

  30-03-2025 01:19 via cbc.ca
  
  An Ontario judge has rejected a Hudson's Bay Company restructuring agreement, increasing the likelihood that lenders may seek to push the company into receivership.
  
  Read more

• Advance Auto Parts to open 30 new stores in 2025; 100 through 2027

  29-03-2025 14:00 via foxbusiness.com
  
  Advance Auto Parts is now plotting an expansion. The automotive aftermarket parts provider said Wednesday it was "entering its next phase of returning to growth" with plans to launch 30 new stores in the U.S. this year. Over the longer-term through 2027, Advance Auto Parts is seeking to add 100 more locations including bigger "market hub" stores, according to the company. "Advance Auto Parts is on the path to accelerate store growth and focused on the fundamentals of selling auto
  
  Read more

• Forbes calls DOGE 'revolutionary' as Reagan Foundation marks 40th anniversary of NYSE bell ringing

  29-03-2025 13:15 via foxbusiness.com
  
  On March 28, 1985, President Ronald Reagan made history as the first and only sitting president to ring the opening bell at the New York Stock Exchange (NYSE). Exactly 40 years later, Ronald Reagan Presidential Foundation and Institute President and CEO David Trulio, alongside Chairman and Editor-in-Chief of Forbes Media Steve Forbes, honored the 40th president’s legacy and rang the iconic opening bell.When Reagan addressed the NYSE, he was at the beginning of his second term. He spoke abo
  
  Read more

• Texas will be among states hardest hit in trade war, EU ambassador warns

  29-03-2025 13:00 via foxbusiness.com
  
  The tariff wars continued to snowball this week after President Donald Trump said he would impose a 25% tariff on all imported automobiles and parts, on top of the existing tariffs already in place on the European Union, Canada, Mexico and China.International leaders pushing back on the tariffs have repeatedly warned it will be not only be citizens in their nations that will pay the price, but American consumers, workers and small businesses.And Texas could find itself the state most harmed by t
  
  Read more

• Advertisement

• Elon Musk's AI company buys X in blockbuster $33B stock deal

  29-03-2025 13:00 via foxbusiness.com
  
  Elon Musk’s artificial intelligence company xAI has acquired the tech billionaire’s social media platform X in a blockbuster deal that values X at $33 billion.The Tesla and SpaceX CEO made the announcement on the social media platform on Friday and said the deal was an all-stock transaction that will unlock immense potential by blending xAI’s advanced AI capability and expertise with X’s massive reach.He said the combination values xAI at $80 billion and X at $33 billion,
  
  Read more

• Ellen DeGeneres and wife Portia de Rossi unload California home after fleeing United States

  29-03-2025 13:00 via foxbusiness.com
  
  Ellen DeGeneres and Portia de Rossi's home in Montecito has sold for over its asking price.The couple placed their home on the market through Riskin Partners Estate Group of Village Properties/Forbes Global Properties, and began receiving offers within days of placing it for sale.According to People, the home received "multiple offers within two days of hitting the market," and eventually sold for $5.2 million, more than its $4.9 million asking price.Originally built in 1954, the 1,691-square-fo
  
  Read more

• Disney elevating theme park dining: 'From Mickey bars to Michelin stars'

  29-03-2025 11:00 via foxbusiness.com
  
  Disney is elevating its game when it comes to theme park dining, using artistry, real-world experiences, trends and inspiration from its classic movies to push boundaries."From Mickey bars to Michelin stars" was a phrase commonly used during a demonstration at Walt Disney World on Tuesday featuring food and beverage directors. While they understand the importance of those famous character-shaped ice cream bars, they know that guests continue looking for more tasteful delights. Dishes and dr
  
  Read more

• Marketplace found up to 1 in 3 groceries get labelled as Canadian. Customers say they're skeptical

  29-03-2025 09:00 via cbc.ca
  
  To find out how often grocery stores are labelling products with Canadian symbols, Marketplace collected data from the websites of some of the country’s largest grocers.
  
  Read more

• Explicit Canadian emails target bourbon maker as Trump's trade war intensifies

  29-03-2025 09:00 via cbc.ca
  
  After U.S. President Donald Trump imposed tariffs on some Canadian goods, some provinces decided to pull American alcohol, including Kentucky bourbon off of store shelves. Louisville, Ky.'s Brough Brothers bourbon distillery has been getting angry emails after its co-founder was in the media speaking about the impact of tariffs.
  
  Read more

• Canada's anti-tariff billboards in the U.S. go viral — but is anyone swayed?

  29-03-2025 09:00 via cbc.ca
  
  Ottawa has launched an anti-tariff billboard campaign in 12 mostly Republican-voting states and in Washington, D.C. Although the jury is still out on the campaign's effectiveness, one thing's for certain — it has gone viral.
  
  Read more

• Trump admin appeals decision blocking dismantling of Consumer Financial Protection Bureau

  29-03-2025 05:44 via foxbusiness.com
  
  A federal judge on Friday blocked the Trump administration from attempting to dismantle the Consumer Financial Protection Bureau.On Saturday, the Trump administration appealed the judge's decision.U.S. District Judge Amy Berman Jackson on Friday said the court "can and must act" to save the agency from being shut down.She agreed to issue a preliminary injunction to keep the agency in existence until she rules on the merits of a lawsuit seeking to preserve it.The Trump administration filed its ap
  
  Read more

• Cyberattack at software giant potentially compromised patient data; FBI investigating: report

  29-03-2025 03:07 via foxbusiness.com
  
  The FBI is investigating a reported cyberattack at Oracle, one of the world's leading integrated tech companies.Hackers reportedly broke into Oracle's computer systems and stole healthcare patient data, according to Bloomberg News, which cited a source familiar with the incident.LARRY ELLISON IS $15B RICHER AFTER ORACLE SHARES HIT NEW ALL-TIME HIGHThe cloud technology company reportedly alerted a number of healthcare customers this month that, sometime after Jan. 22, hackers broke into its serve
  
  Read more

• FCC chairman opens investigation into DEI at Disney, ABC in letter: 'I am concerned'

  29-03-2025 02:36 via foxbusiness.com
  
  FCC Chairman Brendan Carr announced a new investigation into "DEI practices" at Disney and its flagship company ABC via X Friday."I have asked the @FCC's Enforcement Bureau to open an investigation into Disney & ABC," Carr wrote. "While Disney started as an iconic American company, it recently went all in on DEI."I am concerned that their DEI practices may violate FCC prohibitions on invidious forms of discrimination."DISNEY SHAREHOLDERS WIDELY REJECT ANTI-DEI PROPOSALIn his letter addressed
  
  Read more

• Trump's auto tariffs could be boon for rental car companies

  28-03-2025 19:46 via foxbusiness.com
  
  President Donald Trump’s recently announced auto tariffs could potentially be a boon for rental car companies. Hertz on Thursday saw its stock price post a jump of over 20%, and another rental car company, Avis, posted a double-digit increase the same day. The jumps that those rental car companies experienced Thursday came the day after the president revealed he was imposing a new 25% auto import tariff in early April.PRESIDENT DONALD TRUMP ANNOUNCES NEW AUTO TARIFFS"You might se
  
  Read more

• DOGE says fraudsters targeting Social Security's call-in lines to bilk benefits

  28-03-2025 19:33 via foxbusiness.com
  
  Elon Musk and members of his Department of Government Efficiency (DOGE) discussed efforts by bad actors to defraud Social Security in an interview on Thursday.Musk and several members of DOGE appeared on Fox News' "Special Report with Bret Baier" and told host Bret Baier that a significant proportion of the daily calls that Social Security fields are from people trying to change legitimate recipients' direct deposit destinations in an effort to steal their benefits."At Social Security, one of th
  
  Read more

• Trump pardons Nikola founder convicted of fraud

  28-03-2025 19:02 via foxbusiness.com
  
  Nikola founder Trevor Milton announced Thursday on social media that he had been fully pardoned by President Donald Trump."Today I was issued a full and unconditional pardon by @realdonaldtrump himself. He called me personally to tell me," Milton noted.The Associated Press reported that the White House confirmed on Friday that the president had pardoned Milton. Fox News Digital reached out to the White House on Friday but did not receive a response by publication time.EV MAKER NIKOLA FILES
  
  Read more

• Elon Musk’s DOGE team says government systems can have Apple Store-like ‘experience’

  28-03-2025 18:22 via foxbusiness.com
  
  Airbnb co-founder Joe Gebbia, who has taken a role in the Elon Musk-led Department of Government Efficiency (DOGE), is aiming to digitize the government's retirement process, calling the current system an "injustice to civil servants.""This will be an online digital process that will take just a few days at most… it's an injustice to civil servants who are subjected to these processes," Gebbia said during an exclusive sit-down interview with "Special Report" on Thursday. Gebbia joined Mus
  
  Read more

• Amazon planning to extend Prime Day 2025

  28-03-2025 16:55 via foxbusiness.com
  
  Amazon is reportedly planning to extend its two-day shopping bonanza this year.The Amazon Services team, according to multiple reports, sent a message to independent sellers, which account for more than half of Amazon's sales, that "two days just wasn't long enough" for its Prime Day in 2025. This year will mark the 10th anniversary of the event.The shopping event could be extended to up to four days, allowing the company and sellers to drum up even more revenue amid the tumultuous economic clim
  
  Read more

• Trump keeps his word, delivers big win for autoworkers, union leader says

  28-03-2025 15:28 via foxbusiness.com
  
  American autoworkers who backed President Donald Trump in his 2024 campaign believe he’s delivering on his promise to bring back manufacturing dominance."I personally had no doubt. The man keeps his word. He did it during his first term, and he's doing it here in his second. And we're very happy for it," the Auto Workers for Trump founder Brian Pannebecker said Thursday on "The Evening Edit.""As a matter of fact, his support built every election and got stronger," he added.Trump on Wednesd
  
  Read more

• GDP hit wall in February after January boost, says StatsCan

  28-03-2025 14:12 via cbc.ca
  
  Statistics Canada says the Canadian economy was off to a solid start in January but early signs suggest growth hit a wall in February.
  
  Read more

• Inflation gauge favored by Fed showed core prices ticked higher in February

  28-03-2025 13:33 via foxbusiness.com
  
  The Federal Reserve's preferred inflation gauge showed prices rose in February at a pace that continues to exceed the central bank's target level amid its ongoing efforts to tamp down inflation.The Commerce Department on Friday reported that the personal consumption expenditures (PCE) index rose 0.3% from the prior month and 2.5% on an annual basis. Those figures were in line with the estimates of economists polled by LSEG.Core PCE, which excludes volatile food and energy prices, rose 0.4% for t
  
  Read more

• Nearly half of Generation X is not confident about retirement, survey finds

  28-03-2025 13:00 via foxbusiness.com
  
  As Generation X continues getting closer to retirement, some have less than rosy views about their retirement prospects, according to a recently released nonprobability-based study from Fidelity Investments. Fidelity Investments found in the latest edition of its annual "State of Retirement Planning" study that 45% of Gen Xers — those between the ages of 44 and 59 — reported feeling they were "not confident" in their ability to retire "when and how they want."Meanwhile, 53%
  
  Read more

• British Steel warns of 2,700 job losses from blast furnace closures

  28-03-2025 12:13 via foxbusiness.com
  
  China-owned British Steel said it could close its two blast furnaces as soon as June with the potential loss of up to 2,700 jobs, as U.S. tariffs and environmental costs threaten to damage its already struggling operations.British Steel, owned by China's Jingye Group, has warned for years that steelmaking in Scunthorpe, northeast England, is loss-making, and has been in talks with the government for months about securing funding to switch to a greener type of steel production.But the two sides h
  
  Read more

• Trump's 25% auto import tariffs: these are the most impacted manufacturers

  28-03-2025 12:00 via foxbusiness.com
  
  President Donald Trump's tariffs on automobiles and automobile parts are going to hit some automakers harder than others, particularly among those with a lower share of their U.S.-sold vehicles assembled outside the U.S.For instance, Volvo, Mazda, Volkswagen and Hyundai Motor, which include the brands Genesis and Kia, imported at least 60% of their respective U.S. sales in 2024, according to S&P Global Mobility. Comparatively, Ford, Honda, Stellantis and General Motors have the most car
  
  Read more

• FCC's Carr wants improved 911 call location data accuracy

  28-03-2025 11:00 via foxbusiness.com
  
  The Federal Communication Commission (FCC) on Thursday announced a proposal to improve 911 service by making it easier for first responders to find callers in need.The agency proposed a new regulation that would revise a requirement that wireless service providers provide location information with all 911 calls that identifies the caller's horizontal and vertical location within specified accuracy thresholds, which are validated in an independent test bed. All four of the FCC's current
  
  Read more

• Is there such a thing as a Made in America car anymore?

  28-03-2025 09:00 via cbc.ca
  
  There's no such thing as a "Made in America" car anymore. And there hasn't been for years. Cars across the continent are made through an intricate and complex web of companies working together to make cars efficiently and bring down cost for consumers. Undoing that process would cost billions of dollars and take years to rebuild.
  
  Read more

Follow @Business_Newsl on Twitter!