Business

Tesla's stock and bonds tumbled on Monday as investors worried about the automaker's cash burn and problems with an Autopilot system that CEO Elon Musk has held out as key to the electric car maker's future.

U.S. footwear companies, including Nike Inc and Under Armour, on Monday urged U.S. President Donald Trump to remove footwear from the proposed tariffs list on goods imported from China.

Ford Motor Co said on Monday it will eliminate about 10% of its global salaried workforce, cutting about 7,000 jobs by the end of August as part of its larger restructuring in a move that will save the No. 2 automaker $600 million annually.

A federal judge said Walmart Inc, Target Corp and Bed Bath & Beyond Inc must face a lawsuit claiming they sold linens that were falsely labeled "100% Egyptian Cotton" or "100% Long-Staple Egyptian cotton" despite being suspicious of their origin.

Incoming Daimler boss Ola Kaellenius is working on a cost cut program to reach profit margin targets which are threatened by global trade woes and ramp up issues at factories, Handelsblatt reported, citing company sources.

(Reuters Health) - Almost half of the people who followed Juul Labs Inc on Twitter last year were not old enough to legally purchase e-cigarettes in the United States, according to a study published on Monday.