Business news in brief
By The Associated Press
Microsoft
splits Teams from Office
REDMOND, Wash. | Microsoft will stop packaging its Teams videoconferencing app with its Office software after the practice attracted antitrust scrutiny.
The tech giant said Monday that customers buying Office subscriptions starting this week won’t get Teams bundled with the service. Microsoft will start selling the two products separately around the world, following a move last year to separate the products in Europe.
Recalled Hyundai, Kia vehicles remain on the road
DETROIT | In September, Hyundai and Kia issued a recall of 3.4 million of its vehicles in the United States with an ominous warning: The vehicles should be parked outdoors and away from buildings because they risked catching fire, whether the engines were on or off.
Six months later, most of those autos remain on the road — unrepaired — putting their owners, their families and potentially other people in danger of fires that could spread to garages, houses or other vehicles.
Hyundai and Kia have acknowledged that there’s little hope of repairing most of the affected vehicles until June or later, roughly nine months after they announced the recalls.
Trump Media stock falls more than 21%
NEW YORK | Less than a week after a flashy stock market debut, Donald Trump’s social media company has disclosed that it lost nearly $58.2 million last year, sending its stock tumbling more than 21%.
Losses in 2023 for Trump Media & Technology Group — whose flagship product is Truth Social repo — mark a stark decline compared to a profit of $50.5 million that the former president’s company reported for 2022. That’s according to a company filing with securities regulators.
Revenues for Trump Media topped just over $4.13 million in 2023, although that’s up from $1.47 million seen in 2022. After merging with a blank-check company called Digital World Acquisition Corp.
Trump Media began trading on the Nasdaq last week under ticker symbol DJT. It’s been a volatile ride since.
—From AP reports
