The workforce will be reduced by 40% through job cuts, outsourcing and business sales. There are 27,000 jobs in production and administration.

SG’s stock jumped 20% on the announcement, which came five weeks after the company reiterated guidance for an annual underlying profit of between A$88 million and A$95 million.

Texas Gigafactory ran afoul of environmental overseers; a faulty furnace door and hazardous wastewater.

Companies say shoppers are still buying, but they want a deal.

Peter Cancro started slinging subs at his local shop at 14. Now he’s selling the national chain he built to Blackstone.

The convenience chain is at the center of a bidding war between would-be buyers on two continents. Here’s why they’re hungry for it.