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NBCUniversal executive Linda Yaccarino in talks to become Twitter's CEO

Musk bought Twitter for $44 billion last October and indicated that he'd only be in charge for a limited time to complete the organizational overhaul he thought the company needed to prosper

Tech startups find one of their last funding sources shrinking up

Climbing interest rates have made the funding more expensive for companies, and one of the biggest venture lenders faced a run on the bank that forced government regulators to seize it and sell it

Volvo Car AB says software issues will delay output of flagship EV

Output of the EX90 is now expected to begin in the first half of 2024, Volvo said Thursday

Elon Musk asks federal appeals court to end 'Twitter Sitter' Deal

In his decision, Liman ruled that Musk willingly waived his First Amendment right to tweet without restraint, a finding Musk denied in his appeal brief

IMF warns US default would have 'serious repercussions' worldwide

Potential consequences from a US default would include higher interest rates and broader instability, IMF spokeswoman Julie Kozack said in a briefing Thursday

SoftBank Group Corp vision fund loses money mgain despite tech rebound

While SoftBank has lost money off and on for years, the latest results are surprising because technology valuations around the world have largely rebounded this year

Regulators ask if Credit Suisse bond wipeout must trigger insurance payout

The five-year default swaps tied to Credit Suisse Group's AG's junior debt rose by 36 basis points on Thursday to 397, according to CMAI pricing

Adani Group's Abu Dhabi backer says no plan to join any new share sale

Three companies controlled by Adani are considering a fundraising that may draw as much as $5 billion

Singapore authorities say more property measures will be taken if needed

The comments come after Singapore increased the tax that some homebuyers have to pay for property purchases

Cash crunch pushing up funding costs in India deterring more RBI hikes

The weighted average call rate, an overnight funding cost rate the central bank monitors, was at 6.78% on Wednesday, above the upper band of the Reserve Bank of India's interest rate corridor, of 6.75

Apple now the only major smartphone brand without a foldable device

With Alphabet Inc.'s Google launching the Pixel Fold at an event Wednesday, every major brand running the Android operating system has now adopted the form factor

Ukraine needs more than a $30 billion arsenal for counterstrike on Russia

A dramatic breakthrough similar to Ukraine's Kharkiv offensive last year could help bring an early end to an invasion that's disrupted energy and grain markets, fueling cost-of-living crises

Microsoft freezes salaries of full-time workers due to economic uncertainty

The company will, however, consider raising rates for hourly workers while maintaining a bonus and stock award program without "overfunding" it, Nadella said without elaborating

Larsen & Toubro bets on $1.5 bn return from push to electric vehicles

L&T Technology Services Ltd., whose customers include BMW AG and Airbus SE, wants to accelerate growth after recording sales of $1 billion

Adani Enterprises to consider stock sale months after short-seller turmoil

Adani Enterprises Ltd., the Indian tycoon's flagship, said in a statement on Wednesday it's holding a May 13 board meeting to consider selling stock

Volkswagen's annual meeting hit by protests over climate strategy, China

While weathering criticism over its China presence, VW is dealing with the pressing task of stemming a slide in market share in its biggest market

Nissan in talks to boost its UK plant as Renault haggling continues

The UK has been struggling to attract investment from the auto industry in the aftermath of Brexit

Electric bikes are breaking through in Germany, Europe's carmaking capital

Battery-powered two-wheelers will outsell traditional bikes in Germany for the first time in 2023, according to projections from the country's industry group

Citigroup plans to debut new credit card for use with multiple retailers

It puts customers in control of how they want to finance purchases, Kartik Mani, chief executive officer of the bank's retail-services division, said in an interview

Pakistan keen to pay for more Russian oil imports with Chinese Yuan

Pakistan's first cargo of Russian oil will arrive within a month, and was purchased at a discount, a spokesman in the energy ministry's petroleum division said in response to questions