By Jarrett Renshaw (Reuters) -One of the largest U.S. privately owned auto transport companies is quietly mounting a long-shot bid – with increasing interest from the Biden administration[...]
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October 30, 2023
Canadian workers union Unifor, Stellantis reach tentative labor deal
(Reuters) – Canadian workers union Unifor said on Monday its members at the facilities of Stellantis in Canada have reached a tentative labor agreement. (Reporting by Shivansh Tiwary in Bengalur[...]
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EU regulators set new Feb 14 deadline on Amazon/iRobot deal
PARIS (Reuters) – European Union (EU) antitrust regulators will decide by February 14 next year on whether to clear Amazon’s $1.4 billion acquisition of robot vacuum maker iRobot, accordin[...]
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Vespa maker Piaggio posts record nine-month profit
(Reuters) – Italian scooter manufacturer Piaggio reported a 13.8% jump in its nine-month core profit on Monday, as strong performance in the Americas and Europe, Middle East and Africa (EMEA) re[...]
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Panasonic cuts battery unit’s profit outlook, warns on high-end EV sales
TOKYO (Reuters) -Panasonic Holdings, which supplies Tesla, said on Monday it had cut automotive battery production in Japan in the September quarter and shrank the division’s annual profit forec[...]
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Analysis-Three years after DirectBooks, US bond market still phoning it in
By Shankar Ramakrishnan (Reuters) – Wall Street’s three-year effort to modernize the way billions of dollars of new corporate bonds are sold via phone, chat message or email, is making slo[...]
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Loews posts Q3 profit on higher investment income, insurance premium
(Reuters) – Loews Corp on Monday reported a profit in the third quarter compared to a loss a year earlier, boosted by higher investments and insurance unit CNA Financial’s strong performan[...]
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HSBC says worst over for China real estate as Q3 profit disappoints
By Selena Li and Lawrence White HONG KONG/LONDON (Reuters) -The worst may be over for China’s shaky commercial real estate market, HSBC said on Monday, as a further $500 million charge from the[...]
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China EV maker BYD reports record quarterly profit of $1.42 billion in Q3
BEIJING/SHANGHAI (Reuters) – China’s BYD Co Ltd on Monday posted record third-quarter earnings, its highest ever for any quarter, as the electric vehicle giant preserved its domestic marke[...]
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