Ford Motor Co. said Wednesday it made $1.3 billion in net income in the first quarter of 2024, a 28% decrease year-over-year, as earnings from Ford's gas-engine and hybrid business tumbled from the ramp-up of the refreshed 2024 F-150 pickup truck.

The profit that represented 33 cent earnings per diluted share came on $42.8 billion in revenue, ...Read more

General Motors Co. CEO Mary Barra is no longer the highest-paid Detroit automotive company chief executive, receiving a 2023 compensation package totaling $27.8 million — trailing Stellantis NV CEO Carlos Tavares' $39.491 million payout.

Barra, 62, saw her pay drop 4% from her 2022 compensation of $28.97 million with a decline in her bonus ...Read more

Oberweis Dairy, which filed for Chapter 11 bankruptcy protection earlier this month, announced Tuesday that it has found a buyer for its century-old family business.

Brian Boomsma, owner of Chicago-based Dutch Farms, made a stalking horse bid for nearly all of the operating assets of the company, with plans to “operate and grow the business�...Read more

Over the decades since Walt Disney opened his first theme park in 1955, the company's tourism business has ballooned to an enterprise worth tens of billions in yearly sales, with sprawling locations in Anaheim, Orlando, Paris, Shanghai, Hong Kong and Tokyo.

Today, the entertainment giant is doubling down once again. Disney plans to invest $60 ...Read more

Atlanta-based Norfolk Southern reported a precipitous decline in first quarter profit, tallying hundreds of million of dollars of expenses in the fallout of its fiery derailment of a train carrying hazardous materials in East Palestine, Ohio, more than a year ago.

The company recorded $592 million in expenses in the first quarter related to the...Read more

Airlines will now have to provide automatic refunds to travelers if flights are canceled or significantly altered under new U.S. Department of Transportation rules, a significant change for consumers that could drive up costs across the industry.

The final regulations released Wednesday outline the circumstances where passengers are entitled to...Read more

Over the last decade, streaming video platforms have gradually siphoned away viewers from traditional TV networks. But next month, they will be confronting the legacy outlets on their own turf — by going directly for their advertising dollars.

For the first time, Amazon Prime Video and Netflix will both be part of what has long been known as ...Read more

Multiple veteran Las Vegas real estate agents say they are largely on board with the upheaval currently going on in their industry.

It’s time for change and more transparency in their governing bodies, they say.

A federal appeals court ruled earlier this month that the U.S. Justice Department could restart its investigation into the policies...Read more

Yasameen Sajady, CEO of St. Paul, Minnesota-based Maazah, is learning that day by day, it takes awhile for profits to roll in.

The maker of Afghani-style chutneys, aioli and lentil dips is expanding into Target, Whole Foods and Costco stores across the country this year.

While a major opportunity, Maazah has to finance the increase in ...Read more

It was a warp-speed tour of what's happening with artificial intelligence in medicine.

Chris Manrodt, an R&D manager for Philips' medical imaging business in Plymouth, Minnesota, last Friday gave a presentation to several hundred Twin Cities software developers and health care executives and then declared, "I feel like I've said about 50 ...Read more

Google fired additional workers this week, after it initially terminated 28 people who it said participated in recent protests against the company's work in Israel.

The total number of employees terminated in the wake of the protests — which took place inside Google offices in New York and Sunnyvale, Calif. — has grown to more than 50 ...Read more

UPS reported that its revenue and profit continued to decline in the first quarter, but its CEO sees a recovery to growth in the future.

The shipping giant reported $1.1 billion in net income for the first three months of the year, down 41% from $1.9 billion in the same period of 2023.

It had $21.7 billion in first quarter revenue, down 5.3% ...Read more

Delta Air Lines is giving its flight attendants and ground employees a 5% raise, and boosting starting pay to at least $19 an hour for much of its workforce.

It’s the third year in a row that Atlanta-based Delta has raised pay since recovering from the worst effects of the COVID-19 pandemic. Delta granted workers 4% raises in 2022 and 5% ...Read more

PulteGroup last quarter had revenues of $3.8 billion, a 10% jump from the same period a year ago, as the nation’s housing shortage promises to fuel more construction, the company announced Tuesday.

The Atlanta-based homebuilding giant reported a 32% bounce in earnings, an 11% increase in the number of homes sold, as well as a higher profit ...Read more

Even though air travel can be a stressful experience, customer satisfaction with airlines overall is improving, according to a new study.

The American Customer Satisfaction Index travel study found that customer satisfaction with the airline industry reached an all-time high score of 77, up 1 percentage point from the previous year.

“...Read more

United Auto Workers President Shawn Fain said the union's organizing victory at Volkswagen AG's plant in Chattanooga, Tennessee, shows the union "can win anywhere."

The plant that builds the Volkswagen ID.4, Atlas and Atlas Cross Sport on Friday became the first foreign-owned automaker organized in the South by the Detroit-based union. Of the ...Read more

Black, Asian and Hispanic NYC government workers continue to be paid less than their white colleagues, a disparity driven by a persistent pattern of low wages for women of color in the municipal ranks, according to a new study release by the City Council on Tuesday.

The study reflects salary levels across all municipal positions as of 2021, the...Read more