EV Startup Fisker Prepares for Possible Bankruptcy

The company has struggled with growing its sales amid stagnant demand for electric vehicles in the U.S. and last month issued a going-concern warning. 


 
House Passes Bill to Ban TikTok or Force Sale of the Chinese Video App

Lawmakers have said they fear parent company ByteDance would give U.S. users' data to Beijing. 


 
Fossil Group CEO Kosta Kartsotis Steps Down Amid Strategic Review

Operating chief Jeffrey Boyer will assume the role of CEO on an interim basis, the company said. 


 
Owner of Family Dollar to Close 1,000 Stores

Dollar Tree, which operates the Family Dollar chain, said inflation, store theft and merger indigestion are eroding the discount retailer's results. 


 
Microsoft to Launch AI Assistant for Security Products

Tech giant said Copilot for Security would be available worldwide next month under a pay-as-you-go licensing model. 


 
U.S. Steel Stock Is Plummeting. The White House Is the Worry.

Investors seem to feel more uneasy about a potential takeover by Japanese steel company Nippon. 


 
Don Lemon Says Elon Musk Canceled His Show on X Hours After Interview

The former CNN host said he would post the interview on X and other platforms next week. 


 
Volkswagen's Audi Division Posts Lower Profits

Volkswagen reported lower operating margin and profit for its Audi brand group but its flagship division increased profitability. 


 
Petco CEO Steps Down

Ron Coughlin is also stepping down from the board, which has appointed R. Michael Mohan to serve as interim CEO. 


 
Williams-Sonoma's stock soars to a record after profit beat, dividend raised 26%

Shares of Williams-Sonoma Inc. rallied into record territory Wednesday after the home-products retailer beat quarterly earnings expectations, with "full-price selling" and supply-chain improvements helping boost margins.


(END) Dow Jones Newswires

03-13-24 1715ET