June 2, 2023 9:31 am
Group 1 Automotive Inc, a global automotive retailer with 206 dealerships located in the United States and the United Kingdom, said on Thursday that it had acquired Beck & Masten Kia. “We want to welcome our new teammates from Beck & Masten Kia to the Group 1 family. Kia is a new brand for our […]
Read moreJune 2, 2023 8:03 am
Constellation Energy Corp, the largest producer of clean, carbon-free energy in the United States, said on Thursday that it would acquire NRG Energy Inc’s 44% stake in the South Texas Project Electric Generating Station – a 2,645-megawatt, dual-unit nuclear plant located 90 miles southwest of Houston. The deal is valued at $1.75 billion, while the […]
Read moreJune 1, 2023 9:27 am
Global technology company Epson said on Thursday that it had teamed up with The 5 Gyres Institute in an attempt to raise awareness of plastic pollution and identify solutions for clientele to cut back plastics in their work and home. 5 Gyres is a leader in the global movement battling plastic pollution with almost 15 […]
Read moreJune 1, 2023 8:06 am
Jacobs and Palantir Technologies Inc said on Wednesday that they had expanded their partnership with a focus on leveraging Palantir’s AI capabilities in order to commercialize new AI solutions that encompass critical infrastructure, advanced facilities, supply chain management among others. “While we have understood the power and promise of AI for years, we saw clear […]
Read moreMay 31, 2023 10:42 am
GXO Logistics Inc on Tuesday announced an expansion of its partnership with Bigblue to include warehouse logistics in France. The tie-up between the two companies began in Spain in a shared space facility. Bigblue is to occupy part of a large scale GXO facility in Tigery, France, where it expects to handle several million orders […]
Read moreMay 30, 2023 9:28 am
Nestlé said on Tuesday that François-Xavier Roger, its Executive Vice President and Chief Financial Officer, would step down from both roles to pursue new opportunities after spending 8 years at the company. Nestlé also said that Anna Manz, who currently serves as Chief Financial Officer and is a member of the Board for the London […]
Read moreMay 30, 2023 7:52 am
According to a report by Bloomberg News, citing sources with knowledge of the matter, Boeing Co is working on a deal to sell 150 737 MAX aircraft to Saudi Arabia’s Riyadh Air. Riyadh Air, which is entirely owned by Saudi Arabia’s Public Investment Fund, is looking for between 300 to 400 single-aisle planes in total, […]
Read moreMay 29, 2023 9:15 am
Tire manufacturer Michelin said last week that it would sell its Russia Tyre Manufacturing Company and Camso CIS in Russia to Power International Tires. The financial details were not disclosed. Under the agreement, some 250 jobs mostly based at the company’s only Russian facility in Davydovo will be preserved. The facility itself employs 750 people […]
Read moreMay 29, 2023 8:01 am
According to a report by Reuters, citing an unidentified knowledgeable source, JPMorgan Chase & Co intends to lay off about 500 employees this month across a number of its divisions. The layoffs are expected to affect people employed across JPMorgan’s main businesses – consumer, commercial banking, asset and wealth management, along with technology and operations. […]
Read moreMay 26, 2023 9:21 am
Neuralink, a brain implant startup owned by Elon Musk, declared that the FDA had approved their first in-human clinical trial. This milestone follows prior struggles for the company to acquire the approval. The company reported this in a tweet on May 25, 2023: We are excited to share that we have received the FDA’s approval […]
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