By Jessica DiNapoli and Hyunjoo Jin NEW YORK/SAN FRANCISCO (Reuters) -PepsiCo plans to roll out 100 heavy-duty Tesla Semis in 2023, when it will start using the electric trucks to make deliveries to customers like Walmart and Kroger, the soda maker’s top fleet official told Reuters on Friday. PepsiCo Inc, which ordered the big trucks…
(Reuters) – Tesla Inc is finalizing plans to build an electric vehicle assembly plant in an industrial area of northeastern Mexico and may announce the factory as early as next week, Bloomberg News reported late Friday. The plant will be located in Santa Catarina in Monterrey city, the capital of Nuevo Leon state in Mexico,…
TAIPEI (Reuters) -Taiwan’s Foxconn, the world’s largest contract electronics maker, said on Friday its subsidiary in China has agreed to sell its entire equity stake in embattled Chinese chip conglomerate Tsinghua Unigroup. Taiwan has turned a wary eye on China’s ambition to boost its semiconductor industry and is tightening legislation to prevent what it says…
By Saeed Azhar and Lananh Nguyen NEW YORK (Reuters) – Goldman Sachs Group Inc is planning to cut thousands of employees to navigate a difficult economic environment, a source familiar with the matter said. The layoffs are the latest sign that cuts are accelerating across Wall Street as dealmaking dries up. Investment banking revenues have…
By Saeed Azhar and Lananh Nguyen NEW YORK (Reuters) – Goldman Sachs Group Inc is planning to cut thousands of employees to navigate a difficult economic environment, a source familiar with the matter said. The layoffs are the latest sign that cuts are accelerating across Wall Street as dealmaking dries up. Investment banking revenues have…
(Reuters) -Twitter on Thursday suspended the accounts of several prominent journalists who recently wrote about its new owner Elon Musk, with the billionaire tweeting that rules banning the publishing of personal information applied to all, including journalists. Responding to a Tweet on the account suspensions, Musk, who has described himself as a free speech absolutist,…
By Sheila Dang (Reuters) -Twitter’s unprecedented suspension of at least five journalists over claims they revealed the real-time location of owner Elon Musk drew swift backlash from government officials, advocacy groups and journalism organizations across the globe on Friday. Officials from France, Germany, Britain and the European Union condemned the suspensions, with some saying the…
BEIRUT (Reuters) -A U.S. court of appeals determined this week that cases against Lebanese commercial banks can be tried outside Lebanon, according to a decision seen by Reuters, paving the way for more cases by depositors seeking to unlock their frozen funds. The court decision, issued on Thursday in a case brought by Lebanese depositors…
By Luc Cohen NEW YORK (Reuters) – A dual citizen of Sweden and the United Kingdom pleaded guilty to U.S. fraud and money laundering charges on Friday for selling a fake cryptocurrency alongside one of the United States’ most-wanted fugitives, a woman referred to as the ‘Cryptoqueen.’ Karl Greenwood, 45, was arrested in Thailand and…
By Chuck Mikolajczak NEW YORK (Reuters) – U.S. stocks were poised for their third straight session of declines and second straight week of losses on Friday as fears grew that the Federal Reserve’s quest to stifle inflation would push the economy into a recession. Equities have been under pressure since the U.S. central bank’s decision…
