Technology

Ford Motor said it lost $526 million in the final three months of 2023, mainly as a result of special charges related to its employee pension programs and the reorganization of some of its overseas operations.The automaker said its fourth-quarter revenue rose to $46 billion, from $44 billion a year earlier, thanks to strong sales of internal-combustion vehicles and light commercial trucks.The division of the company that makes gasoline and hybrid vehicles earned $813 million before interest and taxes in the fourth quarter, and its commercial vehicle division made $1.8 billion. The unit that makes electric vehicles lost $1.6 billion.John…

Snap, the parent of messaging app Snapchat, on Monday said it would lay off more than 500 employees, joining other tech companies in a wave of new cost-cutting measures.The layoffs amount to 10 percent of its global work force; the majority will occur in the first quarter of 2024. “We have made the difficult decision to restructure our team,” the company said in a securities filing, adding that it would take pretax charges of $55 million to $75 million, primarily for severance and related costs.Amazon, Google and Microsoft have announced layoffs this year, following tens of thousands across the sector…

With its streamlined curves and glow-in-the-dark sound system, the silver Lamborghini Huracán Performante was the stuff of teenage fantasy: $350,000 of aerodynamic metals and lightweight upholstery, packed into a taut and powerful body. Ben Armstrong loved it dearly.When he started shopping for a Lamborghini, Mr. Armstrong, a cryptocurrency evangelist with more than one million YouTube subscribers, worried that he’d have to spend months searching. “I think I have to go to Italy to get the Lambo I want,” he texted a business partner. “I don’t want to compromise.” But fate smiled on him. In the fall of 2021, a car…

Last May, Fabuwood, a kitchen cabinet manufacturer in Newark, instituted a new company policy: No phones allowed during meetings.To enforce it, the company installed “device shelves” outside each of its six glass-walled conference rooms. On a recent Wednesday morning, there were animated meetings in three of the conference rooms, and the shelves outside were full of smartphones, tablets and ’90s-style flip phones. The 1,200-person company pays the cost of a flip phone for employees who give up their smartphone, and 80 people have acted on the offer.Surprisingly, employees say they like it. Rena Stoff, a project manager, said that while…

A lawmaker in the Australian state of Victoria sat down to watch the nightly news on Monday, expecting to see herself featured as a prominent opponent of duck hunting.But the member of Parliament, Georgie Purcell, noticed that in one photo used on 9News, the tattoos on her midriff were missing.“I saw the image come up on the screen and I thought, ‘That’s really odd,’ because my stomach is heavily tattooed,” Ms. Purcell said on Wednesday.She compared the image with the original photo, which was taken last year by a local newspaper and realized that not only had her tattoos been…

Amazon said on Monday that it was abandoning plans to buy iRobot, the maker of the self-driving Roomba vacuum, after regulators raised concerns the deal would hurt competition.The announcement is a rare admission of defeat by Amazon, which has in recent years acquired an eclectic mix of companies such as Whole Foods and MGM Studios, and is a sign of how the world’s largest tech companies are being forced to adjust their business practices, products and policies as a result of stiffening regulatory scrutiny globally, particularly in the European Union.In November, E.U. antitrust regulators warned Amazon that they might try…