March 10, 2021 8:28 am
According to a report by Bloomberg News earlier this week, Tesla Inc (TSLA) intends to build a mega battery that could power about 20,000 households during the peak summer season and which will be connected to the Texas grid. Gambit Energy Storage LLC, which is registered as a subsidiary of Tesla Inc, has embarked on […]
Read moreMarch 9, 2021 8:32 am
According to a recent report by Bloomberg News, Goldman Sachs Group Inc (GS) could generate nearly $100 million in earnings from February’s winter storm, which left many households across Texas and some other southern states without electricity, heat and clean water. The media also said that Goldman’s earnings from the physical sale of power and […]
Read moreMarch 5, 2021 8:28 am
Britain’s Competition and Markets Authority (CMA) said on Thursday that it had launched a probe into Apple Inc (AAPL) following allegations the tech giant’s terms and conditions for app developers are anti-competitive and unfair. The investigation aims to determine whether Apple has a monopoly over app distribution on its devices in the United Kingdom, the […]
Read moreMarch 3, 2021 10:15 am
Capital One Financial Corp (COF) said on Tuesday that it had appointed two new members to its Board of Directors – Ime Archibong and Craig Williams, who will stand for election by Capital One shareholders in May. Ime Archibong is Head of New Product Experimentation at Facebook. Previously, he served as Vice President of Product […]
Read moreMarch 3, 2021 8:30 am
Exxon Mobil Corp (XOM) said earlier this week that it had appointed activist investor Jeff Ubben and Michael Angelakis, previously Chief Financial Officer at Comcast Corp, to its board of directors. The news came after Tan Sri Wan Zulkiflee Wan Ariffin, previously Chief Executive Officer of Malaysia’s state energy company Petronas, became part of the […]
Read moreMarch 1, 2021 8:39 am
General Motors Co (GM) announced last week that all workers at one of its plants in Brazil would be put on furlough for 20 days during March in relation with maintenance and updating of factory lines. As a result, production at the plant will be suspended. The facility, which is located in Gravatai in the […]
Read moreFebruary 25, 2021 8:07 am
Exxon Mobil Corp (XOM) said on Wednesday that it would divest some of its exploration and production assets in the UK and North Sea in an over $1 billion deal with private-equity fund HitecVision. The agreement includes ownership interests in 14 producing fields, operated mostly by Shell, along with interests in the associated infrastructure. Another […]
Read moreFebruary 24, 2021 10:30 am
Macy’s Inc (M) on Tuesday projected full-year 2021 revenue well above Wall Street estimates, as progress in vaccine rollouts would allow clients to return to its department stores following pandemic-related restrictions. Macy’s said it now forecast full-year sales within the range of $19.75 billion to $20.75 billion, which compares with a consensus of analyst estimates […]
Read moreFebruary 24, 2021 8:48 am
A group of activist investors holding a combined stake of 9.5% in Kohl’s Corp (KSS) said earlier this week that it had nominated 9 directors to the department store chain’s board, as it aims to improve profitability. The group, which includes Macellum Advisors GP LLC, Ancora Holdings Inc, Legion Partners Asset Management LLC and 4010 […]
Read moreFebruary 23, 2021 8:41 am
According to a report by Bloomberg Law, citing sources with knowledge of the matter, Citigroup Inc is mulling the divestiture of some retail banking units in the Asia-Pacific area. The report said that Citigroup’s units in South Korea, Thailand, the Philippines and Australia could be divested. Still, no final decision has so far been made. […]
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