Business

Toshiba shareholders vote to oust board chair

Toshiba shareholders voted to oust the board's chairman on Friday, in the latest twist for the company after scandals and losses, and a rare victory for activist investors in corporate Japan.

Automotive

GM rethinks planned stake in electric vehicle maker Nikola

General Motors will not be taking a stake in the electric vehicle company Nikola, and the company said Monday that it was scuttling one of its marquee vehicles, an electric and hydrogen-powered pickup, after GM pulled technological ...

Business

Will the US government nationalize Boeing?

About 12 years after the US government bailed out General Motors and Chrysler, Washington policymakers are debating how to throw Boeing a lifeline as it reels from dual crises over the coronavirus and 737 MAX.

Internet

For-profit firm seeking to run .org names makes concessions

A private equity firm seeking to buy rights to operate the internet's .org suffix said Friday it will cap price hikes and create an advisory board with veto powers to ease concerns from the nonprofit community.

Business

Toshiba CEO resigns as buyout offer stirs turmoil

Toshiba's CEO resigned on Wednesday as a buyout offer from a private equity fund stirs turmoil inside the storied Japanese company, with reports suggesting two other funds are considering bids.

Internet

COVID-19 exposes broadband gaps

The COVID-19 crisis has increasingly highlighted shortcomings in Australia's National Broadband Network, Flinders University experts say.

Business

Qantas to axe 2,500 more jobs

Australian flag carrier Qantas announced plans Tuesday to cut almost 2,500 more jobs, just days after posting a huge annual loss as it reels from a collapse in demand caused by the coronavirus.

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