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Volkswagen in Drive to Cut Costs as Earnings Plunge

The automaker said it needed to urgently cut costs after reporting a sharp fall in third-quarter earnings hurt by weaker car sales in China.

Business - The Wall Street Journal - 18 hours ago

Why the cost of insurance is driving UK motorists to distraction

This multi-faceted problem is not for the industry alone

World - Financial Times - October 19

Fear that winter fuel payment cut will cost lives

Wales' older people's commissioner says people will die because of the decision.

How Trump, Harris propose cutting healthcare costs

The economy and healthcare are two of the top concerns for voters in this election cycle, and both tickets have promised to lower healthcare costs. When she introduced her economic agenda earlier ...

Politics - The Hill - 6 days ago

Reeves cuts National Wealth Fund budget despite UK investment drive

Chancellor’s decision comes as government seeks to work with private sector to decarbonise economy

Business - Financial Times - October 14

Chinese AI groups get creative to drive down cost of models

01.ai, Alibaba and ByteDance have cut ‘inference’ costs despite Washington curbs on accessing cutting-edge chips

World - Financial Times - October 19

PPG to Cut 1,800 Jobs, Shrink Costs With Sale of Architectural-Coatings Biz

PPG agreed to sell its architectural-coatings business in the U.S. and Canada to private-equity firm American Industrial Partners for $550 million, and outlined cost and job cuts.

Business - The Wall Street Journal - October 17

Stellantis to shutter and sell large testing facility amid cost-cutting efforts

Stellantis' Arizona Proving Grounds covers 4,000 acres between Phoenix and Las Vegas in Yucca, Arizona.

Business - CNBC - October 18

Stellantis to sell, shutter large testing facility amid cost-cutting efforts

DETROIT — Automaker Stellantis plans to shutter and sell its large vehicle proving grounds in Arizona at the end of this year, CNBC has learned.

US consumers cut back on spirits as cost of living pressures bite

Drinkers who splashed out during pandemic pull back from vodka, rum and Scotch whisky

Business - Financial Times - October 22

Volkswagen Could Close 3 Plants in Germany to Cut Costs

The auto maker’s top employee representative told workers that management planned to shutter factories for the first time in the company’s 87-year history.

World - The New York Times - 2 days ago

For First Time in 87 Years, Volkswagen May Close 3 Plants in Germany

The automaker’s top employee representative told workers that management planned to shutter the factories to cut costs amid slumping sales.

Top stories - The New York Times - 2 days ago

Spirit Airlines furloughs more pilots as part of efforts to cut costs

Spirit Airlines Inc. on Wednesday said it would furlough around 330 pilots early next year, the latest money-saving effort by the struggling discount carrier to stay afloat as it wrangles with ...

Business - MarketWatch - 13 hours ago

Trump vows to deport millions. Builders say it would drain their crews and drive up home costs.

While some contractors dismiss the idea as political bluster, they agree they can’t afford to lose more people from an aging workforce reliant on undocumented immigrants.

How much does a $200,000 home equity loan cost per month now that rates are cut?

As interest rates fall, home equity loans become cheaper. Here's what a $200,000 home equity loan costs monthly now.

Man United legend Sir Alex Ferguson's ambassador role scrapped in cost-cutting move, per report

Ferguson was reportedly paid around $3 million a year for his services

Sports - CBS Sports - October 15

How much does a $15,000 home equity loan cost monthly now that rates were cut?

A home equity loan for $15,000 comes with inexpensive monthly payments now. Here's what to know.

How much does a $25,000 HELOC cost monthly now that rates were cut?

A $25,000 HELOC comes with inexpensive monthly payments right now, and they could become even cheaper in the months to come.

Elon Musk Is Giving Away $1 Million a Day in Bid to be the 'Secretary of Cost-Cutting'

Four days spent barnstorming Pennsylvania for Donald Trump highlighted support for the tech titan leading a new government efficiency effort.

Business - The Wall Street Journal - October 21

How much does a $30,000 home equity loan cost per month now that rates were cut?

A $30,000 home equity loan comes with inexpensive monthly payments now that interest rates have been reduced.

Major airlines are cutting services to China or quitting entirely amid low travel demand, high costs

A new report from travel news site Skift shows that seven major airlines have retreated from the country in the past four months.

Business - CNBC - 6 days ago

Mercedes-Benz and Porsche look for cost cuts after China slump hits profits

German carmakers exposed to Asian nation’s economic malaise after benefiting from its booming auto market

Business - Financial Times - 5 days ago

Google's new CFO makes earnings call debut, says company can 'push a little further' on cost cuts

In her first earnings call as Alphabet CFO, Anat Ashkenazi said more streamlining will be needed so the company can invest in AI.

Business - CNBC - Yesterday

Volkswagen CFO says 64% drop in profits shows ‘urgent need’ for cost cuts

The German car maker reported a sharp 12% drop in its sales in China as it said it profits were hit by higher fixed costs and €2.2 billion worth of restructuring expenses

Business - MarketWatch - Yesterday

Uber’s drive for ‘super app’ status

The ride-hailing app is exploring a takeover of Expedia, which would be its biggest deal yet

World - Financial Times - October 21

Titans cutting Jamal Adams

Jamal Adams' brief tenure in Tennessee is coming to an end.

Sports - Yahoo Sports - October 17

The Powerful Companies Driving Local Drugstores Out of Business

The biggest pharmacy benefit managers are profiting by systematically underpaying independent drugstores, creating “pharmacy deserts” across the country.

Business - The New York Times - October 19

Trump works the drive-thru at Pennsylvania McDonald’s

Former President Trump on Sunday stepped behind the counter at a McDonald's in Pennsylvania, working the drive-thru for a short time after he spent weeks mocking Vice President Harris's past ...

Politics - The Hill - October 20

Messi Mania helps drive record growth for MLS

Major League Soccer is hitting record attendance marks and mounting sponsorship revenue

Sports - ABC News - October 22

The Patagonian shale riches driving Argentina to an energy surplus

New oil pipelines will boost exports from the Vaca Muerta formation, although gas infrastructure is more complex

World - Financial Times - October 23

Tesla Self-Driving System Will Be Investigated by Safety Agency

The National Highway Traffic Safety Administration said it was looking into what Elon Musk’s electric car company called the full self-driving system.

Tech - The New York Times - October 18

Before the First Kiss, Plenty of Drives Home

Jocelyn DeGroot-Lutzner grew up four blocks from Ephream Seyoum in West Philadelphia. But the two didn’t meet until she applied for a job at his family’s Eritrean restaurant.

Lifestyle - The New York Times - October 23

Auto-enrolment drives surge in ‘lost’ UK pensions

£31bn sitting in unclaimed, inactive or lost savings pots

Business - Financial Times - 6 days ago

Teen death crash driver was drink-driving - inquest

Jesse Owen, Callum Griffiths and Morgan Smith died at the scene of the collision.

EU drives through tariffs on Chinese electric vehicles

Levies totalling up to 45% needed to compensate for Beijing’s ‘injurious’ subsidies, says Brussels

Business - Financial Times - Yesterday

Ukraine in new mobilisation drive as Russia advances

Ukraine's military has been under severe pressure of late, in part due to Russia's greater manpower.

How Diwali Is Influencing Brands and Driving Customer Experience

From big box retailers to small brands, capitalizing on Diwali makes good business sense.

Business - Inc. - Yesterday

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