By Abigail Summerville and Anirban Sen NEW YORK (Reuters) – KKR & Co has agreed to buy a “significant” minority stake in Quick Quack Car Wash, the investment firm told Reuters on[...]
Read more
June 11, 2024
Boeing to open new engineering facility in Florida
(Reuters) – Boeing said on Tuesday it will open a new engineering facility in Florida for its defense and government services portfolios and aims to hire for nearly 200 engineering jobs this yea[...]
Read more
WeWork CEO Tolley steps down as company exits bankruptcy
(Reuters) – WeWork CEO David Tolley stepped down after the flexible workspace provider emerged from bankruptcy on Tuesday, bookending a months-long restructuring process that featured a strategy[...]
Read more
GM cuts EV production forecast, approves $6 billion share buyback
By Ananta Agarwal, Nathan Gomes and Nora Eckert (Reuters) – General Motors cut its annual EV production forecast and announced a new $6 billion share buyback plan on Tuesday, as the automaker ba[...]
Read more
Four more states join US monopoly lawsuit against Apple
WASHINGTON (Reuters) -Four more U.S. states on Tuesday joined the Justice Department’s lawsuit against Apple Inc alleging the iPhone maker is monopolizing smartphone markets, the department said[...]
Read more
Mexico to review alleged labor rights violations at Volkswagen facilities
MEXICO CITY (Reuters) – Mexico accepted a formal request from the United States to review alleged labor rights violations at Volkswagen Mexico facilities in the state of Puebla, the government s[...]
Read more
WeWork emerges from bankruptcy as CEO Tolley steps down
(Reuters) – WeWork said on Tuesday David Tolley would step down as its CEO and director as the flexible workspace provider was set to emerge from Chapter 11 bankruptcy on the same day. Below is[...]
Read more
US bars imports from China footwear, seafood, aluminum firms over Uyghur labor
WASHINGTON (Reuters) -The U.S. has added three more companies to a list that bars imports from firms allegedly involved with Uyghur forced labor in China, according to a U.S. government notice posted[...]
Read more
Explainer-What does the court administration faced by LVMH and Armani units entail?
By Emilio Parodi MILAN (Reuters) – An Italian subsidiary of French luxury giant LVMH, Dior Manufactures SRL, on Monday became the third fashion company to be put under administration by a Milan[...]
Read more