By Nick Carey BLYTH, England (Reuters) – Britishvolt said on Friday it will develop batteries for a fully-electric sports car in partnership with British carmaker Lotus, the first publicly-announced customer for the electric vehicle (EV) battery startup. Britishvolt said the research and development that will go into developing battery cells for a high-performance sports car…
The Home Depot on Thursday named a veteran executive as its new CEO. Edward “Ted” Decker, who has served as Home Depot’s chief operating officer since October 2020, will become president and CEO on March 1. Current Chairman and CEO Craig Menear will continue to serve as the company’s board chairman. Decker, 58, joined Atlanta-based…
NEW YORK (AP) — Visa’s fiscal first-quarter profits rose 27%, as improving economies worldwide, as well as more people using digital payments, helped lift the company’s fortunes. The San Francisco-based company said Thursday that it earned $3.96 billion, or $1.81 a share, in the final three months of 2021, up from a profit of $3.13…
SAN RAMON, Calif. (AP) — Apple shook off supply shortages that have curtailed production of iPhones and other popular devices to deliver its most profitable holiday season yet. The results posted Thursday for the final three months of 2021 help illustrate why Apple is looking even stronger at the tail end of the pandemic than…
By Hannah Lang and Mehnaz Yasmin (Reuters) -Commission-free brokerage Robinhood Markets Inc on Thursday posted a $423 million net loss in the latest quarter, and its shares tumbled as much as 15% in after-hours trade even as revenue edged past analysts’ estimates. Robinhood reported a net loss of $423 million or $0.49 per share in…
By David Shepardson and Diane Bartz WASHINGTON (Reuters) – The U.S. Federal Communications Commission (FCC) on Thursday voted to revoke the authorization for China Unicom’s U.S. unit to operate in the United States, citing national security concerns. The 4-0 vote to revoke the authority that had been granted in 2002 is the latest move by…
By Cassandra Garrison MEXICO CITY (Reuters) -Shares of Mexican telecoms giant America Movil fell on Thursday after a regulator scuttled its long-term goal to enter the local pay TV market, raising speculation over the next moves by the company controlled by the family of Mexican tycoon Carlos Slim. The stock dropped 3.94%, the biggest daily…
NEW YORK (AP) — Growth keeps slowing for Robinhood Markets, the upstart company that upended the brokerage industry, and its stock keeps falling. The company whose easy-to-use trading app helped bring a new generation of investors to the market said Thursday that its revenue rose 14% in the fourth quarter from a year ago, less…
NEW YORK (Reuters) -Visa Inc beat Wall Street quarterly estimates on Thursday as improving consumer sentiment, online shopping and an uptick in travel drove spending volumes. The world’s largest payments processor said transactions rose 21% to $47.6 billion during the quarter compared with a year earlier, while cross-border volumes increased 40%. Quarterly net revenues rose…
NEW YORK (Reuters) -Visa Inc beat Wall Street estimates on Thursday as improving consumer sentiment and holiday shopping, along with an uptick in travel, drove spending volumes. The world’s largest payments processor said transactions rose 21% to $47.6 billion during the quarter compared with a year earlier, while cross-border volumes increased 40%. Quarterly net revenues…
