Tag: Business
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Stellantis, Nissan eye Marelli assets in rescue talks, Bloomberg reports
June 25 : Automakers Stellantis and Nissan Motor are in talks to take over some assets of Japanese auto parts supplier Marelli Holdings, Bloomberg News reported on Thursday, citing sources.Stellantis is in discussions to acquire Marelli’s suspensions business in Italy and some other countries, while Nissan is
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Microsoft lifts price of Xbox consoles due to soaring component costs
Microsoft said it’s increasing the price of Xbox game consoles after Apple announced price hikes for MacBooks and iPads.
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World stocks climb on chip rally; dollar steadies near one-year high
NEW YORK, June 25 : Global stocks rose on Thursday as strong earnings from chipmakers lifted sentiment, while the dollar hovered near a one-year high, with investors remaining wary about stretched valuations.The benchmark S&P 500 and the Nasdaq were advancing on Wall Street, led by industrials, healthcare and
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Italy’s Domyn to launch open source frontier AI model within a year, CEO says
June 25 : Italy’s Domyn will release a fully open-source AI model within a year, aiming to build one of the most advanced so-called “frontier” systems available, CEO Uljan Sharka said on Thursday.The move comes as Europe seeks alternatives to reduce reliance on foreign-hosted AI systems. Italy and Czechia hav
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Exclusive-Bumble dating app explores sale, sources say
NEW YORK, June 25 : Dating app Bumble is exploring a sale amid slowing growth in the online dating sector, according to three people familiar with the matter.The company, which gained recognition as one of the first major platforms to require women to initiate contact, is working with investment bankers at Mo
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Stocks making the biggest moves midday: BlackBerry, Kymera Therapeutics, Apple, Wendy’s & more
These are the stocks posting the largest moves midday.
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Micron joins rivals pitching AI deals as cure for memory’s boom-bust cycle
SAN FRANCISCO, June 25 : Memory chipmakers have for decades been trapped in boom-bust cycles, with capacity buildouts hitting the market just as demand craters. Micron, Samsung and SK Hynix are now trying to convince investors this time is different, arguing long-term deals will keep cash flowing even if the datacen
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US FCC toughens submarine communication cable rules
WASHINGTON, June 25 : The Federal Communications Commission on Thursday voted to toughen oversight of submarine communications cables that handle 99 per cent of international internet traffic, proposing rules that will make it harder for Chinese companies to provide equipment and fast-track approvals for trust
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GM reveals 2027 GMC Sierra pickup with new V-8 engines, redesigned styling
The new GMC Sierra trucks are crucial to GM’s sales and earnings, especially highly profitable luxury Denali and off-road AT4 models.
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MBK Partners to sell elderly care provider Japan Well-being to Advent
TOKYO, June 25 : Asia-focused buyout firm MBK Partners said on Thursday it had agreed to sell elderly care service provider Japan Well-being to U.S. private equity firm Advent International for an undisclosed amount.• A person with knowledge said the deal value would total about 200 billion yen ($1.24 bil
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