Company News
Nikola says open to cooperation with Hyundai Motor on hydrogen technology
SEOUL (Reuters) – U.S. electric commercial truck maker Nikola NKLA.O said it is open to collaborating with Hyundai Motor (005380.KS) on hydrogen technology, following a media report it had reached out to the Korean automaker. FILE PHOTO: The Hyundai logo is seen during the first press day of the Paris auto show, in Paris, France, …
Modern driver-assistance technology ‘far from reliable’: AAA study
(Reuters) – Advanced driver assistance technology that automates steering and braking in a growing number of vehicles is not providing reliable safety benefits, a new study by the American Automobile Association showed on Thursday. Researchers at AAA, a federation of North American motor clubs, found that the systems recorded disruptions and disengaged roughly every eight …
Brazil registers 555 coronavirus deaths on Sunday, health ministry says
FILE PHOTO: People walk at a popular shopping street amid the outbreak of the coronavirus disease (COVID-19), in Sao Paulo, Brazil, July 15, 2020. REUTERS/Amanda Perobelli SAO PAULO (Reuters) – Brazil registered an additional 555 deaths attributable to the novel coronavirus over the last 24 hours and another 24,578 confirmed cases, the health ministry said …
BRIEF-Alibaba Group Unloads Shares In Alibaba Health Information Technology – HKEX Filings
July 17 (Reuters) – Hong Kong Stock Exchange Filings: * ALIBABA GROUP HOLDING LIMITED SAYS IT SOLD 154.0 MLN SHARES IN ALIBABA HEALTH INFORMATION TECHNOLOGY AT AVG PRICE OF HK$22.65 ($2.92) PER SHARE ON JULY 14 – HKEX FILING * ALIBABA GROUP HOLDING LIMITED’S LONG POSITION IN ALIBABA HEALTH INFORMATION TECHNOLOGY DECREASES TO 67.51% FROM …
UK insurer Aviva CEO Tulloch steps down, Blanc appointed
FILE PHOTO: A pedestrians walks past the Aviva logo outside the company head office in the city of London, Britain March 7, 2019. REUTERS/Simon Dawson LONDON (Reuters) – Aviva (AV.L) CEO Maurice Tulloch is stepping down with immediate effect for family health reasons, the UK insurer said on Monday, naming independent director and former Zurich …
‘Super Saturday’ – England’s pubs, restaurants and hairdressers reopen as lockdown eases
LONDON (Reuters) – People were finally allowed to drink in a pub, have a meal in a restaurant or get a haircut on Saturday for the first time in over three months as England took its biggest steps yet towards resumption of normal life. A worker carries a beer at The Holland Tringham Wetherspoons pub …
AstraZeneca agrees to supply Europe with 400 million doses of COVID-19 vaccine
ROME (Reuters) – AstraZeneca Plc has signed a contract with European governments to supply the region with its potential vaccine against the coronavirus, the British drugmaker’s latest deal to pledge its drug to help combat the pandemic. FILE PHOTO: Small bottles labeled with a “Vaccine COVID-19” sticker and a medical syringe are seen in this …
Exclusive: Buyout firm Sycamore Partners in talks to buy J.C. Penney – sources
NEW YORK (Reuters) – Private equity firm Sycamore Partners is in preliminary talks to acquire J.C. Penney Co Inc (JCP.N) out of bankruptcy should the U.S. department store chain’s negotiations with its creditors fail, three people familiar with the matter said on Friday. FILE PHOTO: Shoppers enter and leave the J.C. Penney department store in …
U.S. states lean toward breaking up Google’s ad tech business: CNBC
FILE PHOTO: A 3D printed Google logo is seen in this illustration taken April 12, 2020. REUTERS/Dado Ruvic/Illustration (Reuters) – The U.S. state attorneys general investigating Alphabet Inc’s Google for potential antitrust violations are leaning toward pushing for a breakup of its ad technology business as part of an expected suit, CNBC reported on Friday, …
Amazon’s Jeff Bezos invests in UK digital freight forwarder Beacon
(Reuters) – Amazon.com Inc Chief Executive Jeff Bezos has picked British startup Beacon, a digital freight forwarder, for his latest investment. Beacon said on Sunday it raised over $15 million in Series A fundraising, from investors including Bezos and venture capital firm 8VC. The startup, formed by two former Uber Technologies Inc executives two years …
