Foxconn plans to spend that amount on top of the $1.6 billion it earlier set aside for the 300-acre site close to Bengaluru’s airport, said people familiar with the matter.

BEV and PHEV sales hit a monthly record of 1.4 million units during November 2023, up from 1.1 million the year prior.

CEO Oscar Sevilla said in a December 6 letter to clients seen by Bloomberg News that “the macroeconomic factors working against Mercon have persisted for longer than expected."

The planemaker shipped 64 jets in November, it said December 5, bringing the tally to 623 for the first 11 months of 2023.

The remaining Yellow Corp properties are expected to be sold for hundreds of millions of dollars over the coming months, said a person familiar with the process.

The British luxury car manufacturer wants to record operating profits between $3.17 billion and $3.55 billion a year, in line with its plan announced November 28.

400 Macy’s employees working in the state of Washington are planning strike actions Black Friday after 96% of workers voted in favor of striking back in October 2023.

As part of Zhao’s guilty plea, he agreed to pay a $50 million fine and announced he would be stepping away from his role as the company’s CEO.

Brick-and-mortar retailers are seeking out hi-tech ways of tracking the habits of flesh-and-blood shoppers while they’re in their stores.

In the ever-evolving landscape of retail, mobile shopping has become the primary touch point for many customers.