Tesla releases fix to address recall of 40,000 US vehicles

Tesla releases fix to address recall of 40,000 US vehicles

Tesla is not aware of any injuries related to the recall issue, the National Highway Traffic Safety Administration says. Photo: David Zalubowski/Associated Press Updated November 8, 2022 at 12:56 p.m. ET Tesla Inc. TSLA -2.35% has released a firmware update to address the voluntary recall of approximately 40,000 2017-2021 Model S and Model X vehicles … Read more

Activision scores some downside protection

Activision scores some downside protection

A billboard for the Activision video game ‘Call of Duty: Modern Warfare II.’ Photo: Richard B. Levine/Levine-Roberts/Sipa USA/Reuters Fantasy video games can still inflict wounds in the real world, but a 19-year-old franchise is also proving to be very hard to kill. Activision ATVI 1.57% Blizzard’s latest “Call of Duty” iteration is selling strongly, marking … Read more

Kohl’s CEO Michelle Gass is stepping down to join Levi Strauss

Kohl’s CEO Michelle Gass is stepping down to join Levi Strauss

Kohl’s corp. KSS 10.88% CEO Michelle Gass is leaving the department store chain early next month to join Levi Strauss LEVI -2.05% & Co. with plans to have her take over as the jeans maker’s CEO. At Kohl’s, Ms. Gass has been under attack from activist investors because of falling sales and a steep decline … Read more

Treasury chief Janet Yellen heads to India as US seeks to deepen ties

Treasury chief Janet Yellen heads to India as US seeks to deepen ties

Treasury Secretary Janet Yellen’s trip to India this week will be the latest attempt by the Biden administration to look past the new power’s longstanding ties to Russia and deepen a relationship it hopes will serve as a counterweight to China. The US has changed its approach to India since the invasion of Ukraine began, … Read more

Theranos founder Elizabeth Holmes is denied a bid for a new trial

Theranos founder Elizabeth Holmes is denied a bid for a new trial

A federal judge rejected Elizabeth Holmes’ bid for a new trial, the latest setback for the Theranos Inc. founder, who was convicted of fraud in January. U.S. District Judge Edward Davila, who supervised Ms. Holmes’ trial, which began last year, said in a ruling late Monday that the arguments in her three motions for a … Read more

Renault must disassemble EV unit in thorough overhaul

Renault must disassemble EV unit in thorough overhaul

PARIS — Renault on RNO -2.12% said it would split itself into several divisions, put its core business that makes conventionally powered cars into a joint venture with a Chinese partner and detailed plans for a separate IPO of its electric car division. The restructuring, one of the most radical in the French carmaker’s 124-year … Read more

To keep helping Ukraine, the EU appears to be locking in financial aid

To keep helping Ukraine, the EU appears to be locking in financial aid

BERLIN – Amid U.S. pressure to increase aid to Ukraine, the European Union is seeking to lock in $18 billion in financial aid to Kiev next year in a way that would give Brussels greater power to ensure the money is delivered. With US economic and military aid to Ukraine far exceeding Europe’s since the … Read more

Lyft keeps pumping the wrong gas

Lyft keeps pumping the wrong gas

As the great ride-share recovery seems all but exhausted, Lyft LYFT 2.91% insisting that it has only just begun. On Monday, the ride-hailer reported the slowest revenue growth in more than a year, while adjusted earnings before interest, taxes, depreciation and amortization fell slightly year over year in the third quarter. After rising 12% on … Read more

Lyft shares slide after disappointing revenue and ridership numbers

Lyft shares slide after disappointing revenue and ridership numbers

Lyft Inc.’s LIFT 2.91% the stock fell in off-hours trading after it said its revenue growth slowed and the number of people using its service remained below pre-pandemic levels, rising at a slower-than-expected pace. The company reported revenue of $1.05 billion for the three months to September. That’s 22% over a year earlier, the slowest … Read more

Nvidia offers alternative chip to China to remove US export barriers

Nvidia offers alternative chip to China to remove US export barriers

HONG KONG— Nvidia corp. NVDA 1.02% has begun offering an alternative to a high-end chip hit by US export restrictions to customers in China after the new rules threatened to cost the US company hundreds of millions of dollars in lost revenue. Nvidia said the new graphics processor chip, branded A800, meets US restrictions on … Read more