Tag: CMPNY

EV battery giant LG Energy Solution upbeat on N.America market outlook

Sees limited impact on battery prices from drop in EV prices Sees demand for US-made batteries continuing to grow In talks with Tesla, other EVs to supply batteries from proposed Arizona plant SEOUL, Jan 27 (Reuters) – Battery maker LG Energy Solution (LGES) (373220.KS) said on Friday demand for electric vehicle (EV) batteries in North …

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BuzzFeed soars on reports of Meta deal, plans to use OpenAI

Jan 26 (Reuters) – Shares of BuzzFeed Inc (BZFD.O) jumped on Thursday on reports of a deal with Meta Platforms Inc (META.O) and plans to use artificial intelligence to personalize and enhance the digital media firm’s online quizzes and content . The stock was 19% higher in extended trading, after more than doubling in value …

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Prosus, Naspers cutting 30% of jobs at corporate offices

AMSTERDAM, Jan 25 (Reuters) – Prosus NV (PRX.AS) and its South African parent Naspers (NPNJn.J) are cutting up to 30% of jobs at their corporate offices, the Dutch technology investor said. The companies are the latest major technology-based firms to make layoffs, after Google parent Alphabet’s big cuts announced last week. “We are adapting to …

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EU wants to cut red tape, costs to spur rollout of 5G – document

BRUSSELS, Jan 24 (Reuters) – The European Commission wants to cut red tape and costs to help Deutsche Telekom (DTEGn.DE), Orange (ORAN.PA), Telecom Italia (TLIT.MI) and other telecoms operators roll out fast- speed 5G, according to a Commission document seen by Reuters. The EU executive, which wants all Europeans to have access to gigabit connectivity …

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Tesla plans $3.6 bln Nevada expansion to make Semi truck, battery cells

Jan 24 (Reuters) – Tesla Inc (TSLA.O) said on Tuesday it would invest more than $3.6 billion to expand its Nevada Gigafactory complex with two new factories, one to mass produce its long-delayed Semi electric truck and the other to make its new 4680 battery cell. The cell plant would be able to make enough …

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Rogers’ bid for Shaw gets boost after court rejects antitrust effort to block deal

TORONTO, Jan 24 (Reuters) – A Canadian court on Tuesday dismissed the competition bureau’s effort to block Rogers Communications Inc’s ( RCIb.TO ) C$20 billion ($14.9 billion) bid to buy Shaw Communications Inc ( SJRb.TO ), in a boost to the companies’ efforts to close a deal struck nearly two years ago. “It would be …

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US FDA proposes shift to annual COVID vaccine shots

Jan 23 (Reuters) – The US health regulator on Monday proposed one dose of the latest updated COVID-19 shot annually for healthy adults, similar to the influenza immunization campaign, as it aims to simplify the country’s COVID-vaccine strategy. The US Food and Drug Administration also asked its panel of external advisers to consider the usage …

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Japan PM keeps markets guessing on new BOJ governor

TOKYO, Jan 22 (Reuters) – Japanese Prime Minister Fumio Kishida said on Sunday that he would take the April economic situation into account when choosing the next Bank of Japan (BOJ) governor, keeping markets guessing who may replace incumbent Haruhiko Kuroda. Financial markets are closely watching who will succeed Kuroda, whose five-year term ends on …

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