Business & Finance News
To unclog bottlenecks last year at his Tesla Inc plant in California, Elon Musk flew in six planeloads of new robots and equipment from Germany to speed up battery production for its Model 3.
Activist investor Carl Icahn has bought a $1.2 billion stake in HP Inc and is pushing for the personal computer maker’s merger with printer maker Xerox Corp , arguing that a union could yield big profits for investors, the Wall Street Journal reported on Wednesday.
China’s securities regulator is investigating one of the country’s richest men for alleged violation of disclosure rules as a director of U.S.-blacklisted surveillance camera giant Hikvision , the company said.
BHP Group Ltd on Thursday named its Australian head Mike Henry to succeed Andrew Mackenzie as the miner’s chief executive, shunning calls from some investors for fresh blood from outside the Anglo Australian giant.
U.S. Senator Elizabeth Warren questioned Goldman Sachs’s response to allegations of bias in how the bank evaluates applicants for Apple Inc’s credit card, suggesting it should pull down the algorithm if it cannot be explained, Bloomberg reported on Wednesday.
Global miner BHP Group Ltd on Thursday appointed 16-year company veteran Mike Henry as its new chief executive from Jan. 1 next year, replacing Andrew Mackenzie.
Activist investor Carl Icahn is pushing for the proposed merger of Xerox Corp and HP Inc , arguing that a union of the printer makers could make big profits for investors, the Wall Street Journal reported on Wednesday.
Asian stocks fell on Thursday after soft Chinese economic data showed the trade war between Beijing and Washington hitting growth in the world’s second-largest economy.
China’s securities regulator is investigating one of the country’s richest men for alleged violation of disclosure rules as a director of surveillance camera giant Hikvision , the company said.
South Korean automaker Hyundai Motor will start making its Santa Cruz pickup trucks at its U.S. factory in 2021, with an investment of $410 million, as it seeks a foothold in the popular, but highly competitive, segment led by U.S. rivals.
Chinese surveillance equipment manufacturer Hikvision said regulators were investigating two of its directors for allegedly violating disclosure rules, piling more pressure on a firm which is on a U.S. blacklist.
SoftBank’s Yahoo Japan, one of Japan’s top internet firms, confirmed it is in talks to merge with Line Corp , a $27 billion union that would bring the messaging app operator under the SoftBank umbrella in a major tech shake-up.
Asian stocks clung to tight ranges on Thursday as investors awaited key Chinese data for clues on how much the 16-month trade war between Beijing and Washington has hit growth in the world’s second-largest economy.
The U.S.-China trade war is unlikely to see a permanent truce over the coming year, and while concerns have eased over a U.S. recession, an economic rebound is also not expected any time soon, according to a Reuters poll of economists.
The Softbank-owned operator of search engine Yahoo Japan is in talks to merge with messaging app firm Line, a union that would create a group extending from retail to mobile payments in one of the biggest Japanese tech deals of the year.
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