Business News

Business

BlackRock Reports a 12% Revenue Growth to $5.3 Billion in Q1 2025 Amid Market Challenges

BlackRock Inc. reports a 12% revenue growth to $5.3 billion in Q1 2025, with net income down by 4% to $1.5 billion. CEO Larry Fink emphasizes strong client connectivity and long-te...

Business

Lucid Accelerates Growth in Arizona with Major Facility Expansion and 300+ New Jobs

Lucid Group, Inc. is expanding its Arizona operations by acquiring Nikola Corporation's former facilities, adding over 884,000 square feet to its footprint and planning to hire mor...

Business

Google Announces Significant Job Cuts in Android and Pixel Divisions Amid Restructuring

Google has cut hundreds of jobs in its platforms and devices unit, impacting Android, Chrome, and Pixel development. This follows a restructuring that merged Android and hardware t...

Business

Scania Powers Up: VW's Truck Giant Acquires Northvolt's Battery Tech Division

Scania, a part of Volkswagen AG, has acquired Northvolt's battery systems unit, enhancing its electrification capabilities for heavy industry. The deal includes production faciliti...

Business

Google Announces Significant Job Cuts in Android and Pixel Divisions Amid Restructuring

Google has cut hundreds of jobs in its platforms and devices unit, focusing on Android, Chrome, and Pixel development. This follows a merger of Android and hardware teams and mirro...

Business

Scania Powers Up: VW's Truck Giant Acquires Northvolt's Battery Division for Electrification Boost

Volkswagen AG's Scania acquires Northvolt's battery systems unit, enhancing its electrification strategy with new production facilities, research center, and 260 employees, despite...

Business

Scania Powers Up: Volkswagen's Truckmaker Acquires Northvolt's Battery Unit for Electrification Boost

Scania, under Volkswagen AG, acquires Northvolt's battery systems unit, enhancing its electrification capabilities for heavy industry with new technology, facilities, and nearly 26...

Business

Exclusive: Google Slashes Hundreds of Jobs in Android and Pixel Teams Amid Major Restructuring

Google has cut hundreds of jobs in its platforms and devices unit, responsible for Android, Chrome, and Pixel phones, as part of a restructuring effort. This follows earlier volunt...