Posts in tag

Transportation/Logistics


In recent weeks, Apple Inc. has accelerated plans to shift some of its production outside China, long the dominant country in the supply chain that built the world’s most valuable company, say people involved in the discussions. It is telling suppliers to plan more actively for assembling Apple products elsewhere in Asia, particularly India and …

Credit Suisse Group AG A fire sale of stocks by a large U.S. investor burned Credit Suisse and Nomura Holdings Inc. The global investment banks said Monday that they could incur substantial losses after Bill Hwang’s firm Archegos Capital Management and its banks began liquidating huge positions in blue-chip companies. Large banks served as prime …

The bridge of the oil tanker Navig8 Aronaldo erupted in cheers after Capt. Malik Naushad told his crew to prepare to weigh anchor midnight Tuesday and start their voyage out of the Suez Canal, where they had been stuck for six days by the grounding of the Ever Given. Back at the German offices of …

Goldman Sachs Group Inc. and Morgan Stanley were quick to move large blocks of assets before other large banks that traded with Archegos Capital Management, as the scale of the hedge fund’s losses became apparent, according to people with knowledge of the transactions. The strategy helped limit the U.S. firms’ losses in last week’s epic …

Canadian Pacific Railway Ltd. agreed to acquire Kansas City Southern in a merger valued at about $25 billion that would create the first freight-rail network linking Mexico, the U.S. and Canada. The companies said Sunday their boards agreed to a deal that values Kansas City at $275 a share in a combination of cash and …