June 30, 2022 10:22 am
Canadian National Railway Company said on Wednesday that it intended to invest nearly $55 million in technology, capacity, rolling stock units and company-wide decarbonization initiatives in Minnesota this year. The investments are expected to drive “sustainable growth and ensure the continued safe movement of goods” in the region. “We continue to make significant investments in […]
Read moreJune 29, 2022 10:35 am
Nissan Motor Co (7201) said this week it would recall over 300,000 SUVs in the United States after reports of the vehicles’ hood suddenly opening and obstructing the driver’s view. According to the auto maker, accumulation of dirt and dust on the secondary hood latch could result in it staying open even if the hood […]
Read moreJune 29, 2022 8:10 am
Berkshire Hathaway Inc said earlier this week it had acquired another 794,389 shares of Occidental Petroleum Corp (OXY), which brought its stake in the Texas-based oil company to about 16.4%. According to a Berkshire regulatory filing, the new share purchases were conducted in a number of transactions at a total cost of about $44 million. […]
Read moreJune 28, 2022 10:42 am
Parsons Corporation (PSN) said on Monday that it had been selected by the Greater Asheville Regional Airport Authority to provide program management, including evaluation, development and management of the terminal building modernization and expansion project. “Airports are vital connectors that stimulate economic growth and mobility,” Peter Torrellas, president, connected communities for Parsons, said in a […]
Read moreJune 27, 2022 10:47 am
Chevron Corp (CVX) is considering a relocation of its global headquarters to a new leased space in California, according to a report by Reuters, citing a spokesperson for Chevron. The oil company is also planning to sell its existing head office in that state. The move to the new site is expected during the third […]
Read moreJune 24, 2022 10:52 am
Netflix Inc (NFLX) said on Thursday that it had laid off 300 employees, or approximately 4% of its workforce, in another round of job reductions meant to cut costs after the streaming company lost subscribers for the first time in more than ten years. The decision, which has affected mostly the company’s workforce in the […]
Read moreJune 24, 2022 8:38 am
Volkswagen AG (VOWG) is considering reduction of working hours and wages at its facility in Sao Bernardo do Campo, Brazil, as it struggles with a shortage of auto parts and electronic components for vehicle assembly. Earlier this week, the metalworkers union of Sao Bernardo do Campo said it had agreed to a plan for Volkswagen […]
Read moreJune 23, 2022 10:33 am
Toyota Motor Corp (7203) on Wednesday revised down its global production plan for July by 50,000 vehicles, as chip crunch and pandemic-related parts supply disruptions continued to weigh on output. “As it remains difficult to look ahead due to the shortage of semiconductors and the spread of COVID-19, there is a possibility that the production […]
Read moreJune 22, 2022 9:26 am
At a conference in Doha on Tuesday, Exxon Mobil’s (XOM) Chief Executive Officer Darren Woods said the oil major was in talks with the US government to speed up the expansion of the Golden Pass LNG project. According to a report by S&P Global Platts, the $10 billion project is expected to begin in 2024. […]
Read moreJune 22, 2022 8:34 am
The first quarter of 2022 saw Xbox Series X/S unit sales surpass those of PlayStation 5 by a significant margin for the first time since the release of both consoles in November, 2020. In Q1 2022 Microsoft sold about 200,000 more consoles than Sony, which is a gap of over 10%. However, both manufacturers’ sales […]
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