March 25, 2022 11:34 am
Philip Morris International Inc (PM) announced on Thursday that it was working on options to leave the Russian market, as it cited a complex and rapidly changing regulatory and operating environment there, following Russia’s incursion into Ukraine. Philip Morris said it had stopped selling several cigarette products and had canceled all product launches for this […]
Read moreMarch 25, 2022 8:50 am
Motorola Solutions Inc (MSI) said earlier this week it had acquired TETRA Ireland Communications Limited, the provider of Ireland’s National Digital Radio Service. However, financial details of the acquisition remained undisclosed. TETRA Ireland ensures mission-critical voice and data land mobile radio (LMR) communications to thousands of first responders and frontline workers from national security and […]
Read moreMarch 24, 2022 11:44 am
South Korea’s LG Energy Solution Ltd (LGES) announced on Wednesday plans to invest as much as $1.5 billion to establish a joint venture with Stellantis NV in Canada. In October, LGES and Stellantis NV formed an electric vehicle battery production joint venture, while aiming to initiate the production process by the first quarter of 2024. […]
Read moreMarch 23, 2022 10:31 am
Nokia said on Tuesday that it had extended its partnership with T-Mobile Polska to include the modernization of the operator’s existing radio network infrastructure as well as 5G services rollout. The move is expected to support T-Mobile Poland’s strategy that aims to maintain technology leadership in the Central European country. Under the 10-year agreement, Nokia […]
Read moreMarch 23, 2022 8:37 am
Outbrain Inc (OB) said earlier this week it had expanded its partnership with Sankei Digital, one of the leading digital publishers in Japan. Sankei is to implement Outbrain’s technology into its major news site – Sankei News, as well as sports site – Sankei Sports. The partnership between Outbrain and the Sankei Shimbun Group was […]
Read moreMarch 21, 2022 10:42 am
Royal Dutch Shell said on Monday that it had been given the green light by Australia’s offshore petroleum regulator to resume production at its Prelude floating liquefied natural gas facility off northwestern Australia. In December, a power outage led to the shutdown of the 3.6 million tonnes per year site. The company cut the power […]
Read moreMarch 21, 2022 8:32 am
Kohl’s Corp (KSS) and Capital One, National Association, a subsidiary of Capital One Financial Corporation (COF), announced last week a multi-year extension of their credit card partnership. This has been the second contract extension, following one that occurred in 2014. The contract extension enables consumers to expand buying power and also further solidifies an already […]
Read moreMarch 18, 2022 10:31 am
General Electric Co (GE) announced on Thursday that Chief Executive Officer Larry Culp’s incentive grant for 2022 would be cut by 67% following a non-binding but rare shareholder rebuke last year. The industrial conglomerate said in its annual proxy statement that the CEO’s annual equity incentive grant would be cut to $5 million from $15 […]
Read moreMarch 18, 2022 8:17 am
Toyota Motor Corp (7203) announced on Thursday that it would reduce its global production target in April by 150,000 units to 750,000 units due to continuing semiconductor shortage as well as COVID-19 pandemic. The company expects monthly global production for the period from April to June to be approximately 800,000 vehicles on average. According to […]
Read moreMarch 17, 2022 10:30 am
E.ON’s (EONGn) Chief Executive Officer Leonhard Birnbaum said yesterday that the group had halted procuring new gas amounts from Gazprom trading companies in Europe, while responding to the military conflict in Ukraine. Although the group has no long-term supply contracts directly with gas producers, a small amount in its portfolio has been acquired from Gazprom […]
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