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Amazon's bid to buy iRobot called off
Amazon has called off its purchase of iRobot, blaming "undue and disproportionate regulatory hurdles" after the European Union signaled its objection to the deal.
The companies said in joint statement Monday that they were disappointed but mutually agreed to terminate the acquisition.
China Evergrande ordered to liquidate
A Hong Kong court has ordered China Evergrande, the world's most heavily indebted real estate developer, to be liquidated following a failed effort to restructure $300 billion owed to banks and bondholders that fueled fears about China's rising debt burden.
China Evergrande Group is one of the biggest of dozens of Chinese developers that have collapsed since 2020 under official pressure to rein in surging debt the ruling Communist Party views as a threat to economic growth.
Toyota urges owners of old models to park them
Toyota and General Motors are telling the owners of about 61,000 older Corolla, Matrix, RAV4 and Pontiac Vibe models to stop driving them because their Takata air bag inflators are at risk of exploding and hurling shrapnel.
The urgent warning Monday covers certain Corolla compact cars and Matrix hatchbacks from 2003 and 2004, as well as RAV4 small SUVs from 2004 and 2005. Also covered are Pontiac Vibes from 2003 and 2004.
X pauses some Swift searches amid AI images
Social media platform X has blocked some searches for Taylor Swift as pornographic deepfake images of the singer have circulated online.
Attempts to search for her name without quote marks on the site resulted in an error message and a prompt to retry the search. Sexually explicit and abusive fake images of Swift began circulating widely last week on X. It's made her the most famous victim of a scourge that platforms and anti-abuse groups have struggled to fix.
Wall Street climbs ahead of Big Tech profit reports
Stocks rose to kick off a week where Wall Street's most influential stocks may show whether the huge expectations built up for them are justified.
The S&P 500 gained 0.8% Monday to set another record. The Dow Jones Industrial Average climbed 224 points, and the Nasdaq composite jumped 1.1%.
Toyota chief apologizes for cheating on testing
Toyota Chief Koji Sato has apologized to customers, suppliers and dealers for flawed testing at a group company, which follows similar problems in recent years.
The latest woes surfacing Monday at Japan's top automaker involves testing required for Japanese government approval at Toyota Industries, which makes diesel engines. False results were found on certification testing and other sampling inspections for engines.
Maker of recalled apnea machines to halt sales
The company behind a global recall of sleep apnea machines says it will stop selling the devices in the U.S., under a tentative agreement with regulators.
Philips previously recalled more than 5 million pressurized breathing machines due to risks that their foam can break down over time and be inhaled by users.
AI companies will need to start reporting tests
The Biden administration will start implementing a new requirement for the developers of major artificial intelligence systems to disclose their safety test results to the government.
The White House AI Council is scheduled to meet Monday to review progress made on the executive order signed to manage the fast-evolving technology.