Samsung Electronics flagged on Friday its quarterly profit tumbled to an eight-year low as a weakening global economy hammered memory chip prices and curbed demand for electronic devices. Profits at the world’s largest memory chip, smartphone and TV maker are expected to shrink again in…

Peloton has agreed to pay a $19 million fine for failing to promptly report treadmill hazards and for distributing recalled treadmills, the Consumer Products Safety Commission said Thursday. The fine resolves charges that the company had “knowingly failed to immediately report” to the US regulator…

House Democrats overseeing airlines are telling Transportation Secretary Pete Buttigieg to come down harder on Southwest Airlines for stranding millions of passengers over the holidays. “We believe much more needs to be done,” more than two dozen Democrat members of what will be the House…

Stellantis’s Ram truck brand is behind its competitors on launching an electric pickup, with trucks from major rivals already on the market or coming soon. But Stellantis CEO Carlos Tavares has said the company is using its time to come up with features and capabilities…

Vince McMahon, the former World Wrestling Entertainment chief executive, who retired from the company last year following a hush money and sexual harassment scandal, is plotting a return to the WWE, the Wall Street Journal reported Thursday. The WWE has disclosed multiple expenses that McMahon…

The Federal Trade Commission on Thursday said it is proposing a rule to ban employers from imposing noncompete agreements on workers and to rescind all existing noncompete agreements. The FTC’s reasoning: Such agreements, which affect millions of rank-and-file employees and independent contractors across industries, in…