BEIJING–U.S. chip-equipment suppliers are pulling out staff based at China’s leading memory-chip maker and pausing business activities there, according to people familiar with the matter, as they grapple with the impact of Commerce Department semiconductor export restrictions. State-owned Yangtze Memory Technologies Co. is facing a freeze in support from keyContinue Reading
BERLIN—Volkswagen AG largest shareholder, Porsche Automobil Holding SE said it would acquire 25% plus one additional share of the voting stock in Porsche AG when VW lists the sports-car brand, which could happen by the end of the month, the companies said on Saturday. VW, Europe’s biggest auto maker byContinue Reading
Weber Grill accessories are offered for sale at a home improvement store on July 23, 2021 in Palatine, Ill. Scott Olson | Getty Images News | Getty Images Weber shares tumbled 20% in morning trading Monday after the grill maker abruptly said CEO Chris Scherzinger is departing amid waning demandContinue Reading
NIO Inc.’s shares in Hong Kong extended declines in afternoon trading after the company denied accounting allegations in a report by short seller Grizzly Research LLC. The stock NIO, -2.57% NIO, -10.75% fell by as much as 10% to 167.80 Hong Kong dollars (US$21.38) on Wednesday and was recently 9.3%Continue Reading
An earlier version of this report had incorrect quarterly loss figures for Rivian. It has been corrected. Rivian Automotive Inc. lost more than $2 billion in the fourth quarter, saying that supply-chain disruptions and other problems continued to plague its assembly line. Rivian RIVN, -6.35% said late Thursday it lostContinue Reading
(Bloomberg) — Shares of Nio Inc. began trading in Hong Kong on Thursday after the Chinese electric-car maker chose a listing path that doesn’t involve selling new shares or raising funds. Most Read from Bloomberg The stock traded at HK$162 as of 11:52 a.m. in Hong Kong after opening atContinue Reading
When Nikola (NKLA) – Get Nikola Corporation Report Mark Russell said the electric truck maker had an extraordinary year in 2021, nobody argued with him. Russell was detailing the company’s accomplishments to analysts during Nikola’s fourth-quarter earnings call. 200-Plus Mile Journey “What an extraordinary year we had in 2021,” Russell said,Continue Reading
Winners: from left, Elisa Dierickx, Gaetano Lapenta, Johanna Baare and George Boghos It used to be so simple: business schools could tailor courses to traditional career paths, such as banking, investment and consulting, and equip alumni with the knowhow to accelerate up the corporate ladder and maximise their salaries. TheContinue Reading
(Bloomberg) — Micron Know-how Inc., the largest U.S. maker of memory chips, plunged in late investing soon after supplying a lackluster forecast, a sign that booming demand for its personal computer and mobile phone semiconductors may well be waning.Gross sales will be about $7.65 billion in the time period endingContinue Reading
Text measurement Calpers acquired additional Moderna, Costco, and Carnival stock, and minimize again on Coca-Cola stock in the 2nd quarter. Jacob King/WPA Pool/Getty Photographs The most significant U.S. general public pension a short while ago built huge variations to its expense portfolio. The California Public Employees’ Retirement Technique acquired extraContinue Reading