December 12, 2021 5:26 pm
Sony Corp’s (6758) wholly owned gaming unit said last Friday that it would acquire “God of War” developer Valkyrie Entertainment. However, the financial details of the deal were not disclosed. This will be Sony Interactive Entertainment’s fifth acquisition so far in 2021, after it bought Nixxes Software, “Returnal” developer Housemarque, Bluepoint Games and Firesprite. After […]
Read moreDecember 9, 2021 12:14 pm
Ford Motor Co (F) said earlier this week it would invest as much as $900 million in upgrading its facilities in Thailand that assemble the Ranger pickup truck and the Everest SUV. As part of the upgrade, the company will almost double the number of robots at its Thai manufacturing plant and at AutoAlliance Thailand, […]
Read moreDecember 9, 2021 10:59 am
Global investment firm KKR said on Wednesday that it had launched Stellar Renewable Power, a new platform that will source, develop and operate utility-scale solar plants and storage facilities on behalf of KKR’s Asset-Based Finance strategy. Vijay Venkatachalam, a renewable energy expert with vast experience in development of utility-scale solar energy projects, will head the […]
Read moreDecember 9, 2021 9:19 am
Southwest Airlines (LUV) said earlier this week it was projecting an improvement in its fourth-quarter operating revenue growth amid easing curbs and progressing vaccination campaigns. The air carrier now forecasts a drop of 10% to 15% in its operating revenue compared with a prior forecast of a 15% to 25% decrease. The shares of Southwest […]
Read moreDecember 8, 2021 1:20 pm
Hut 8 Mining Corp (HUT), one of North America’s largest, innovation-focused digital asset mining pioneers, said on Tuesday that it had signed an agreement with Foundry Digital LLC to buy 2,505 MicroBT M30S machines, which are currently installed at Hut 8’s site in Medicine Hat, Alberta, Canada. The transaction, which is expected to be finalized […]
Read moreDecember 8, 2021 11:50 am
Pinterest said earlier this week it had acquired Vochi, a video creation and editing app focused on democratizing quality tools for creators, established in 2019. The acquisition of Vochi comes as part of Pinterest’s commitment to helping creators bring more quality video content to the site, it said. Financial details of the acquisition, however, were […]
Read moreDecember 8, 2021 9:52 am
Air New Zealand Ltd could expand its domestic business by between 20% and 30% from pre-COVID 19 levels over the upcoming several years, according to the company’s CEO. Air New Zealand’s domestic capacity, which is currently running at almost 40% of pre-pandemic levels, should start to recover from next week, with travel restrictions on Auckland […]
Read moreDecember 7, 2021 10:05 am
Renault SA (RENA) announced yesterday that it had revised down its forecast for engineering and support jobs cuts in France for the period 2022-2024 to 1,700 from 2,000, as previously expected. Those reductions came on top of the 4,600 positions the French auto maker announced last year would be cut as part of a cost-cutting […]
Read moreDecember 6, 2021 9:59 am
Amgen Inc (AMGN) said last week that its Board of Directors had declared a $1.94 per share dividend for the first quarter of 2022, or a 10% increase. The dividend is to be paid on March 8th 2022 to all stockholders of record as of the close of business on February 15th 2022, the company […]
Read moreDecember 5, 2021 6:11 pm
Toyota Motor Corp (7203) said on Friday that it expected all new vehicle sales in Western Europe to be zero-emission models by 2035, while by 2030, at least 50% of the company’s model mix is expected to be zero-emission, including electric vehicles and hydrogen fuel cell cars. Similar to other vehicle makers, Toyota is introducing […]
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