(Reuters) – Panasonic Holdings Corp, a supplier to electric-car maker Tesla Inc, is in talks to build an additional electric vehicle (EV) battery plant in the United States at a cost of around $4 billion, the Wall Street Journal reported on Friday, citing people familiar with the matter. Panasonic is looking at Oklahoma as the…
LONDON (AP) — Jennifer Jones keeps feeding money into her energy meter, but it never seems to be enough. And when she can’t pay, she feels the impact immediately. The power in her London home has gone off suddenly three times recently, once when her partner was cooking an egg. Like millions of people, Jones,…
By Abhirup Roy and Aditya Kalra MUMBAI (Reuters) – India’s Adani Group on Friday rejected claims made by New Delhi Television (NDTV) that regulatory curbs restricted the news network’s founders from selling their stake in the company. Adani Group, led by Asia’s richest man Gautam Adani, is trying to take over NDTV, regarded by some…
By Scott Murdoch and Indranil Sarkar (Reuters) -Ramsay Health Care Ltd said on Friday a group led by private equity giant KKR & Co pulled the plug on a near $15 billion all-cash buyout offer for the Australian hospital operator, but a cash and stock bid remains on the table. On Thursday, Ramsay received an…
(Reuters) -Ramsay Health Care Ltd said on Friday a group led by private equity giant KKR & Co pulled the plug on a near $15 billion all-cash buyout offer for the Australian hospital operator, but a cash and stock bid remains on the table. On Thursday, Ramsay received an alternate proposal from the KKR-led consortium…
TOKYO (Reuters) – Japanese factories likely cut back output in July after the prior month’s near double-digit surge, a Reuters poll showed on Friday, as manufacturers struggled to shake off the drag from supply disruptions and a high-tech chip shortage. Industrial production in the world’s third-largest economy likely slipped 0.5% in July from the previous…
By Byron Kaye and Harish Sridharan (Reuters) -Australian conglomerate Wesfarmers Ltd, owner of the country’s no. 1 hardware chain, reported annual profit fell and warned of “challenging” inflation, but said raw materials prices were down while demand was high for home improvement projects. The outlook issues on Friday shows a company transitioning from one extraordinary…
By Sonali Paul MELBOURNE (Reuters) – Oil prices rose in early trade on Friday on signs of improving fuel demand, though gains were capped as the market awaited clues from the U.S. Federal Reserve chairman on the outlook for rate hikes in a speech later in the day. Brent crude futures climbed 46 cents, or…
(Reuters) -U.S wireless carrier T-Mobile US Inc will use Elon Musk-owned SpaceX’s Starlink satellites to provide mobile users with network access in parts of the United States, the companies announced on Thursday, outlining plans to connect users’ mobile phones directly to satellites in orbit. The new plans, which would exist alongside T-mobile’s existing cellular services,…
By Eva Mathews (Reuters) -Dell Technologies Inc joined rivals in predicting a slowdown as runaway inflation and the darkening economic outlook prompt consumers and businesses to tighten their purse strings, sending its shares down 8% in extended trading on Thursday. Industry majors from Intel Corp to Lenovo Group have warned of a slump in the…
