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Tesla deliveries slump, Musk’s EV maker stares at second year of falling sales
(Reuters) -Tesla is headed for another year of shrinking sales after it posted a second straight drop in quarterly deliveries, dragged down by CEO Elon Musk’s right-wing political stances and an aging vehicle line-up that has turned off some buyers.The automaker now needs to deliver over one million vehicles …. Read More >>

AOS settles with US over unauthorized Huawei shipments
(Reuters) -Alpha and Omega Semiconductor Limited has agreed to pay $4.25 million to settle with the U.S. Department of Commerce for shipping items to China’s Huawei Technologies in violation of export regulations, according to a department order posted on Wednesday.AOS engaged in prohibited conduct by forwar …. Read More >>

FEATURED ARTICLE

Microsoft to cut about 4% of jobs amid hefty AI bets
The company, which had about 228,000 employees worldwide as of June 2024, had announced layoffs in May, affecting around 6,000 workers. It was planning to cut thousands of jobs, particularly in sales, Bloomberg News reported last month. The Windows maker had pledged $80 billion in capital spending for its fis …. Read More >>

OTHER HEADLINES

US SEC, SolarWinds reach preliminary deal to end breach lawsuit
NEW YORK (Reuters) -The U.S. Securities and Exchange Commission has reached a deal in principle with SolarWinds Corp and its top security officer to end litigation tied to a Russia-linked cyberattack involving the software firm, they said in a court filing on Wednesday.The SEC, SolarWinds and its chief inform …. Read More >>

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