Mercedes to Pay Penalties and Fix Cars Following Emissions Cheating Allegations

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Mercedes to Pay Penalties and Fix Cars Following Emissions Cheating Allegations

Mercedes-Benz has agreed to recall and repair more than 250,000 vehicles with BlueTec diesel engines, part of a $1.5 billion settlement with the Environmental Protection Agency (EPA) and the California Air Resources Board (CARB) to address allegations …
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Ikea Customers Make Demand; Ubben Blames Activists: Green Update

Top executives, policy makers, scientists and activists are gathering this week for the first-ever Bloomberg Green Festival. The virtual event focuses on
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TikTok will spin off into a separate company, partly owned by Oracle

Oracle plans take an ownership stake in a newly formed TikTok corporation as part of the recently announced deal, the Financial Times reports. The new arrangement will not cleave off TikTok regionally, but it will create a separate corporate entity for the app, …
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FedEx Posted $1.25B Profit as Business Deliveries Improved

NEW YORK (AP) — FedEx earned $1.25 billion in its latest quarter, as online shopping remained popular among customers avoiding stores and shipments between businesses improved. The delivery giant reported Tuesday that it brought in $19.3 billion in …
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Adobe shares rise 3% on revenue, earnings beat

Adobe Inc. ADBE, +2.42% shares were up 3% in after-hours trading Tuesday after the software company reported fiscal third-quarter results that bested Wall Street estimates. Adobe reported net income of $955 million, or adjusted earnings of $2.57 per share, …
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