Local Business
Saturday, July 25, 2026 · Los Angeles County
Volkswagen Considers Global Workforce Reductions Amid Profit Decline
Volkswagen is exploring significant job reductions across its global operations. The company cited a fall in profits and increased competition in the Chinese market as factors. This potential restructuring could affect as many as 100,000 workers.
New Regulations Require Buy Now Pay Later Lenders to Seek Authorization
Buy Now Pay Later lenders must now obtain authorization to operate. This change introduces new obligations for companies and offers consumers additional safeguards, including potential refunds for transactions.
Saturday, July 25, 2026
States Challenge Proposed Paramount Global, Warner Bros. Discovery Merger
A group of US states has filed a lawsuit seeking to prevent what would be the largest media consolidation in Hollywood's history. The legal challenge targets a proposed merger between Paramount Global and Warner Bros. Discovery.
Saturday, July 25, 2026
Oil Prices Rise Following US Statement on Strait of Hormuz
Oil prices experienced a noticeable increase after President Trump's social media announcement concerning compensation for US assistance in the Strait of Hormuz. The statement outlined a US expectation for reimbursement related to shipping security.
Saturday, July 25, 2026