Ford shareholders reject stock proposal Ford Motor Co. shareholders are again rejecting a proposal to dilute the Ford family's control over the company. At its annual meeting in Wilmington, Del., Thursday, Ford said 67 percent of shareholders voted against the proposal to make each Ford share worth one vote. More
S&P cuts Egypt's credit ratings Ratings agency Standard & Poor's has pushed Egypt's sovereign credit ratings deeper into junk status, citing "continued pressure" on foreign reserves. More
AP Source: Fiat mulls IPO after buying Chrysler The head of Italian automaker Fiat is considering a plan to hold a public stock offering after the company buys 100 percent of Chrysler, according to a person briefed on the matter. More
Chinese Auto Market Shifts Toward Larger Cars Auto buyers in what is the world’s largest car market are shifting away from compacts and subcompacts and buying more midsize cars and sport utility vehicles. More
Fitch downgrades California system after 'significant' operating loss Fitch downgraded Escondido, Calif.-based Palomar Health's issuer default rating from "BB+" to "B" after the system reported a "significant" operating loss in fiscal 2024. 12/20/2024 - 4:39 am | View Link
Butler hospital authority bonds fall to 'junk' status Financial problems continue for the former Butler Health System’s Clarion and Butler hospitals, with a national credit rating agency downgrading its bonds to junk status, indicating it has a negative ... 12/10/2024 - 8:15 am | View Link
Honda and Nissan said on Monday that they are starting merger talks. Josh Lefkowitz via Getty ImagesHonda's shares soared by as much as 17% when local markets opened on Tuesday. The automaker said on Monday that it was starting merger discussions with struggling rival Nissan. Honda also announced a $7 billion stock buyback program.
Telegram's CEO says the company is now profitable. Jaap Arriens/NurPhoto via Getty Images; AOP. Press/Corbis via Getty ImagesTelegram is profitable after 11 years, thanks to ads and premium subscriptions, its CEO said. The platform's revenue exceeded $1 billion, with $500 million in cash reserves. Telegram faces global scrutiny over misinformation and its lack of content moderation.
The UK Defense Ministry said the RFDEW was live-tested in West Wales about seven months after it announced the development of the weapon. UK Defense MinistryThe UK said it has live-fired its new anti-drone radio weapon that costs only about 10 pence to fire. It's been heralding such weapons as a cheap alternative to missile-based systems for killing drones.