Netflix co-founder Reed Hastings plans to leave the company to focus on philanthropy and other efforts, the streaming company said Thursday.

Hastings, who currently serves as chairman of the Los Gatos company’s board, told Netflix he will not stand for re-election when his term expires in June, the company said in a letter to shareholders ...Read more

Paramount Skydance Chief Executive David Ellison made his case directly to theater owners Thursday, pledging to release a minimum of 30 films a year from the combined Paramount and Warner Bros. Discovery company during a speech at the CinemaCon trade convention in Las Vegas.

“I wanted to look every single one of you in the eye and give you my...Read more

Stellantis NV and Microsoft Corp. said Thursday they have inked a five-year deal to work together on artificial intelligence initiatives across several of the carmaker's divisions.

Joint teams will "co-develop more than 100 AI initiatives across sales, customer care and operations," the announcement said.

They will focus on tools to improve ...Read more

WASHINGTON — U.S. Sen. Bernie Sanders joined UAW President Shawn Fain and other labor leaders Thursday to warn of the risks artificial intelligence poses for American workers, a topic they said policymakers are not paying enough attention to.

"We are looking at the most consequential and significant technological revolution in the history of ...Read more

Chicago may be taking another quantum leap forward in its technology aspirations.

The University of Illinois Urbana-Champaign and IBM announced a renewed research partnership Thursday to advance artificial intelligence and quantum technology, with the city at the center of the ongoing project.

The second phase of the 10-year, $100 million IBM-...Read more

Countertop maker Cambria and seven other U.S. manufacturers won a resounding victory from the International Trade Commission, which ruled that a significant increase of cheaper quartz imports from Pacific Rim countries seriously undercut their ability to be profitable.

This is the second big trade win for Cambria, the giant in the U.S. quartz ...Read more

Two former Amazon employees accused the company of underpaying female employees, levying complaints similar to those in an ongoing lawsuit filed in 2023.

Gayatri Srinivas and Amy Cisneroz say they faced a discriminatory system at Amazon that saw roles held by women underpaid based on job classifications, according to a proposed class-action ...Read more

QVC Group announced Wednesday that it plans to file for bankruptcy. The news follows weeks of speculation about the shopping network’s financial distress.

The company announced its plans in its annual report filing with the U.S. Securities and Exchange commission. It had delayed filing the report twice, most recently noting “that there ...Read more

WASHINGTON — The Pentagon wants Michigan automakers to play a bigger role in U.S. defense manufacturing, according to a Wall Street Journal report.

The Journal reported Wednesday that Ford Motor Co. CEO Jim Farley and General Motors Co. CEO Mary Barra have been involved in discussions with top Defense Department officials about the automakers...Read more

Avid Technology, the editing software company, is the latest entertainment industry player to introduce AI into its toolbox.

The company behind industry-standard platforms Pro Tools and Media Composer said it is entering a multi-year partnership with Google Cloud.

The goal is to implement both generative and agentic AI so that users can turn ...Read more

Applications for U.S. unemployment benefits fell last week, indicating that layoffs remain largely limited.

Initial claims decreased by 11,000 to 207,000 in the week ended April 11, marking the biggest one-week drop since February, according to Labor Department data released Thursday. Claims data can be volatile around holidays, and the latest ...Read more

Stellantis NV has hired longtime Hyundai Motor Co. executive Michael Orange for a top role under CEO Antonio Filosa as the automaker attempts to jumpstart its U.S. sales this year, three people familiar with the move said.

The automaker confirmed Thursday that Orange was appointed to lead its U.S. sales and network performance and would report ...Read more

ORLANDO, Florida — At a west Orlando Walmart, Natilee Hamilton carefully considers the cost of each item she places in her cart as she struggles to adhere to a budget outpaced by inflation.

It is a balancing act that extends beyond the grocery store. In the past few years, she’s had to defer dental work, eye exams and home repairs because ...Read more

A union representing more than 40,000 workers across the University of California campuses and medical centers announced Wednesday that it would launch an open-ended strike next month unless its contract demands are met, opening up the possibility of postponed medical procedures, limited cleaning at hospitals and campuses and reductions in ...Read more

The modern Ford Motor Co. has emerged, CEO Jim Farley declared Wednesday as the company detailed some restructuring and said it will refresh 80% of its North American vehicle volume by 2029 as part of efforts to compete against new competitors like Chinese brands.

Also announced Wednesday is that former Apple Inc. executive Doug Field, Ford's ...Read more

Stellantis NV said Wednesday its global shipments in the first quarter grew 12% year-over-year to about 1.4 million vehicles — a welcome sign for the transatlantic automaker as it seeks to bounce back from a tough 2025.

Shipments surged 17% to 379,000 vehicles in North America. CEO Antonio Filosa is especially focused on fixing that region ...Read more

Live Nation Entertainment Inc., the largest U.S. concert promoter and ticket seller, illegally monopolized the live events industry and overcharged fans, a New York federal jury concluded Wednesday.

Following a six-week trial, the jury found in favor of a coalition of 33 states and Washington D.C. who sued the company, handing a massive victory...Read more

Philadelphia officials have made no secret that as of this year’s Tax Day, they are applying the city’s Business Income and Receipts Tax — $1.41 per $1,000 of sales and $57.10 per $1,000 of profits — even when sales are under $100,000. That income used to be tax-exempt.

The city estimates 75,000 small-business owners may owe the tax for...Read more