Magna lifts annual forecasts as results beat estimates on parts demand
(Reuters) -Canada’s Magna International on Friday raised its full-year profit and sales outlook after its quarterly results beat estimates on…
US should extend EV tax benefits to Vietnam, says business lobby
By Simon Lewis and David Brunnstrom WASHINGTON (Reuters) – The United States should extend electric vehicle tax credit benefits to…
EV maker Fisker cuts output forecast on supply chain woes; shares slide
By Akash Sriram and Abhirup Roy (Reuters) -Fisker Inc shares fell nearly 9% on Friday after supply chain issues forced…
Albemarle jumps into global race to reinvent lithium production
By Ernest Scheyder (Reuters) – Albemarle is building an Arkansas facility to test its version of direct lithium extraction (DLE)…
Ringleader of NBA health care fraud gets 10 years prison
By Jonathan Stempel NEW YORK (Reuters) – A former National Basketball Association player was sentenced on Thursday to 10 years…
TDR, Sycamore in talks for joint Subway bid -sources
By Anirban Sen and Abigail Summerville NEW YORK (Reuters) – Private equity firms TDR Capital and Sycamore Partners are in…
Turkey’s economic team holds first investor meeting since policy U-turn
By Jonathan Spicer and Orhan Coskun ISTANBUL (Reuters) – Turkey’s new-look economic team met for the first time with dozens…
Exchange operator Cboe’s profit rises on swelled up trading volumes
By Jaiveer Shekhawat and Laura Matthews (Reuters) – Exchange operator Cboe Global Markets on Friday reported a rise in its…
Maersk warns of slower demand for container shipping
By Jacob Gronholt-Pedersen COPENHAGEN (Reuters) – Shipping group A.P. Moller-Maersk warned on Friday of a steeper decline in global demand…
Google-parent Alphabet offloads nearly 90% stake in trading app Robinhood
By Niket Nishant (Reuters) -Google-parent Alphabet said on Friday it had slashed its stake in Robinhood Markets by nearly 90%,…