May 20, 2022 8:52 am
Ford Motor Co (F) announced on Thursday the recall of 39,000 SUVs after it received reports of 16 fires. The US auto maker also advised SUV owners to park their vehicles outdoors and at a distance from structures. The recall will affect some 2021 Ford Expedition and Lincoln Navigator models. The move came as an […]
Read moreMay 19, 2022 10:44 am
Stellantis’ regional sales chief said earlier this week the auto maker would begin a reshuffle of its European dealers’ network in 2023 from Austria, Belgium and the Netherlands, as well as its van and premium brands in all markets. Under the plan, Stellantis’ distribution structure in Europe will be shifted towards an “agency model”. This […]
Read moreMay 19, 2022 8:04 am
Netflix Inc (NFLX) said earlier this week it had laid off nearly 150 employees, mostly in the United States, as it struggles with decelerating growth. The layoffs account for nearly 2% of Netflix’s workforce in the United States and Canada, it said. The streaming service company reported its first loss of subscribers in over 10 […]
Read moreMay 18, 2022 10:26 am
The shares of Citigroup Inc (C) surged more than 7% on Tuesday, as a fresh $3 billion investment by Warren Buffett’s Berkshire Hathaway Inc increased confidence in the Wall Street bank’s stock. Berkshire Hathaway built its stake in Citi during the quarter ended on March 31st, as it took advantage of a 5% pullback in […]
Read moreMay 18, 2022 7:51 am
Sigma Labs Inc (SGLB) announced earlier this week it would begin conducting business under a new name – Sigma Additive Solutions, with immediate effect. “Our company’s decision to operate as Sigma Additive Solutions is an acknowledgement of the progress the Sigma team has made in creating the quality standard in additive manufacturing,” Sigma Labs’ Chief […]
Read moreMay 17, 2022 10:49 am
Tesla Inc (TSLA) has postponed a plan to bring back output at its Shanghai facility to levels prior to the city’s COVID-19 lockdown by at least 1 week, Reuters reported while citing an internal memo. Initially, the US electric vehicle maker intended to ramp up production at its Shanghai facility to 2,600 cars per day […]
Read moreMay 17, 2022 8:33 am
AUD/USD rose for a third straight trading day on Tuesday, rebounding from last week’s 2-year low, after the Reserve Bank of Australia dropped a heavy hint that it would hike rates again next month. The minutes of the RBA’s May policy meeting, released on Tuesday, showed the central bank had considered a sharper rate hike […]
Read moreMay 16, 2022 10:43 am
Ford Motor Co (F) said in a regulatory filing on Friday that it had sold 7 million shares of electric vehicle maker Rivian Automotive Inc for $188.2 million ($26.88 per share). This followed another announcement by the US auto maker on May 10th that it had sold 8 million shares of Rivian Automotive Inc for […]
Read moreMay 16, 2022 9:11 am
USD/JPY extended gains from last Friday at the start of the new week, as investor concerns over global growth underpinned demand for safe haven assets. Those concerns were reflected by disappointing Chinese macro data, released earlier on Monday. China’s retail and factory activity shrank sharply in April due to full or partial lockdowns imposed in […]
Read moreMay 13, 2022 10:38 am
Vancouver, Canada-based ScreenPro Security Inc said on Friday that it had finalized the acquisition of Naturevan Nutrition Ltd, a privately-held British Columbia firm operating within the health and wellness industry and having 22 natural health supplement products. Under the terms of the deal, ScreenPro acquired all the issued and outstanding shares of Naturevan for an […]
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