A Hyundai and Kia unit was accused of illegally repossessing cars from military service members. The financial unit now wants to settle charges.
Sectors
VP Kamala Harris Unveils $100 Million Initiative for Detroit's Auto Sector Transition to EVs
Vice President Kamala Harris announced a $100 million funding initiative in Detroit to support small and medium-sized auto manufacturers transitioning to electric vehicle production.
Shareholders to Decide on Smoking Ban at Major US Casinos
US casino shareholders vote on proposals to study smoking ban feasibility, sparking debate. US casino shareholders vote on proposals to study smoking ban feasibility, sparking debate.
UK Government Abandons Hydrogen Town Pilot Amid Heating Decarbonization Efforts
The UK government canceled a crucial hydrogen town pilot, which damaged plans for hydrogen heating systems and raised questions about decarbonization strategies.
Bank of Canada Warns of Stability Risks Amidst Record High Interest Rates, Asset Valuation Concerns
Bank of Canada warns of financial instability amid record-high interest rates, citing concerns over stretched asset valuations and mortgage payment hikes, urging vigilance.
Latest News
Microsoft's Xbox division is preparing for further job cuts to align with ongoing restructuring efforts to optimize its gaming subsidiaries following massive acquisitions and cost-cutting initiatives.
The Biden Admin's anti-credit card junk fee regulation could be frozen at the last minute. Will USCOC's request be accepted?
Roblox's second-quarter bookings fell short, with shares dropping nearly 20% and revenue missing expectations at $780.7 million compared to the anticipated $784.9 million.
TikTok introduces a new feature to automatically label artificial intelligence-generated content (AIGC) with guidance from experts and collaboration with OpenAI through its recent membership in the Coalition for Content Provenance and Authenticity (C2PA).
A FedEx Airlines Boeing 767 cargo plane landed in Istanbul without its front landing gear, sparking an ongoing investigation, which adds to Boeing's multiple aircraft incidents in 2024 alone.
A shortage of Huy Fong Foods’ Sriracha sauce could be on the way. Here’s why. Huy Fong Foods has suspended the manufacturing of Sriracha, a beloved chili sauce, after discovering that the supply of spicy peppers was inadequate due to the harsh climate.
A major American supermarket has requested customers to voluntarily return several cheese spreads due to concerns over salmonella contamination.
General Motors said it will stop producing affordable Chevrolet Malibu cars later this year. The Chevrolet Malibu car is the final cheap sedan in General Motors' vehicle portfolio in the United States.
Major healthcare nonprofit Ascension said a cyberattack had interrupted its "clinical operations," prompting it to take measures to limit any impact on patient care.
