Southwest Airlines Gears Up for a Normal Flight Schedule on Friday After Mass Cancellations

Southwest Airlines Gears Up for a Normal Flight Schedule on Friday After Mass Cancellations

Southwest Airlines Co. LUV 3.70% executives said the airline is gearing up to resume its full flying schedule on Friday, removing limits on ticket sales and rebuilding crew schedules after an operational meltdown led it to cancel thousands of flights over the past week.  Executives also pledged to continue work to update technology systems that … Read more

Tesla Extends Shutdown at Shanghai Plant in Rare Christmas Suspension

Tesla Extends Shutdown at Shanghai Plant in Rare Christmas Suspension

SINGAPORE— Tesla Inc. suspended car production at its Shanghai plant on Saturday, extending a planned eight-day production halt at its largest worldwide plant by car output, according to people familiar with the matter. The decision to extend the work halt comes as Tesla faces a wave of Covid-19 infections among its workers and suppliers, the … Read more

Rising Power Prices in Europe Are Making EV Ownership More Expensive

Rising Power Prices in Europe Are Making EV Ownership More Expensive

BERLIN—Rocketing electricity prices are increasing the cost of driving electric vehicles in Europe, in some cases making them more expensive to run than gas-powered models—a change that could threaten the continent’s electric transition.   Electricity prices have soared in the wake of Russia’s invasion of Ukraine, in some cases eliminating the cost advantage at the pump … Read more

Elon Musk’s Finances Complicated by Declining Wealth, Twitter Pressures

Elon Musk’s Finances Complicated by Declining Wealth, Twitter Pressures

Elon Musk ‘s immense wealth and borrowing power are now being tested as the Tesla Inc. TSLA -1.76% shares that have fueled his fortune have sharply declined while he rushes to stabilize his massive personal investment in Twitter Inc. The auto maker’s share value has nosedived 18% this week alone and more than 60% since … Read more

Elon Musk Says He Will Pause Selling Tesla Shares

Elon Musk Says He Will Pause Selling Tesla Shares

Elon Musk pledged to pause selling shares in Tesla Inc. TSLA -8.88% and said that a decision on a buyback of the company’s stock could be influenced by the severity of any economic downturn as he tried to ease concerns his purchase of Twitter was to the detriment of the electric-vehicle maker. Mr. Musk, on a … Read more

Airlines Cancel Flights as Winter Storm and High Winds Snarl Christmas Travel

Airlines Cancel Flights as Winter Storm and High Winds Snarl Christmas Travel

Airlines are canceling hundreds of flights as a severe winter storm is expected to bring freezing temperatures, gusty winds and snow across swaths of the country in the coming days. Over 1,200 U.S. flights originally scheduled for Thursday had been canceled as of Wednesday afternoon, according to FlightAware, a flight tracking site. Airports in Denver … Read more

Justin Bieber Nears Roughly $200 Million Deal to Sell Music Rights

Justin Bieber Nears Roughly $200 Million Deal to Sell Music Rights

Justin Bieber is close to a deal to sell his music rights to Blackstone Inc. BX 3.45% -backed Hipgnosis Songs Capital in a transaction valued at around $200 million, according to people familiar with the matter. The potential deal includes the pop star’s interest in both his publishing and recorded music catalog, the people say, … Read more

3M to Stop Making, Discontinue Use of ‘Forever Chemicals’

3M to Stop Making, Discontinue Use of ‘Forever Chemicals’

3M Co. MMM -1.08% said it would stop making so-called forever chemicals and cease using them by the end of 2025, as criticism and litigation grow over the chemicals’ alleged health and environmental impact. 3M Chief Executive Mike Roman said that the decision was influenced by increasing regulation of the chemicals known as PFAS, and … Read more

Epic Games, Maker of ‘Fortnite,’ to Pay $520 Million to Resolve FTC Allegations

Epic Games, Maker of ‘Fortnite,’ to Pay $520 Million to Resolve FTC Allegations

Epic Games Inc. has agreed to pay $520 million to resolve Federal Trade Commission allegations that the “Fortnite” videogame developer violated online privacy protections for children and tricked players into making unintended purchases. The FTC said the agreement consisted of two record-breaking settlements that resolve a pair of civil complaints it was filing against Epic. … Read more

TuSimple Plans Layoffs That Could Cut at Least Half Its Workforce Next Week

TuSimple Plans Layoffs That Could Cut at Least Half Its Workforce Next Week

Self-driving trucking company TuSimple Holdings Inc. TSP -3.75% plans to cut potentially at least half of its workforce next week, people familiar with the matter said, as it scales back efforts to build and test autonomous truck-driving systems. A staff reduction of that size would likely affect at least 700 employees, the people said. As … Read more