Production rose 13% in May, as the number of electric vehicles rolling off assembly lines more than doubled.
Hong Kong’s once-hot dividend trade is losing steam, as China eases both Covid restrictions and its crackdown on beaten-down growth names.
Spirit Airlines Inc. is delaying a shareholder meeting to vote on a proposed merger with Frontier Group Holdings Inc. less than 24 hours before it was scheduled, saying it needs more time for talks with Frontier and rival suitor JetBlue Airways Corp.
Mark Tritton was supposed to be the savior for Bed Bath & Beyond Inc. -- a hotshot executive from Target Corp. who knew how to charm customers with in-house brands and train stores on handling online and in-person orders.
UBS Group AG agreed to pay the US Securities and Exchange Commission $25 million in penalties to settle allegations that some its advisers recommended a complex investment strategy involving options that may not have been in their clients’ best interest.
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