logo

Breaking News

Share

miraihydrogenfuels-oct11.jpg Toyota Motor Corp. has unveiled the second-generation of its hydrogen fuel-cell car, the Mirai, saying it expects the new sedan will help it to realize the goal of a hydrogen energy society. The new Mirai will seat one more than the current model and also features a fully-redesigned fuel cell system that offers up to a 30 percent increase in driving range.

pcshipments-oct11.jpg Worldwide PC shipments increased slightly in the third quarter of 2019 from a year ago, and recorded a second consecutive quarter of growth, according to data from research firm International Data Corporation or IDC. The growth in the third quarter was, however, hurt by supply constraints and trade tensions between the U.S. and China.

Uber Technologies, Inc. (UBER) announced an agreement to acquire majority ownership of Cornershop, an online grocery provider. Headquartered in Santiago, Chile, Cornershop is backed by Accel, ALLVP, Creandum, and JSV. Uber expects to close the investment in early 2020. Cornershop will continue to operate...

congatec Holding AG has decided to re-focus the IPO efforts to 2020 due to the current difficult market environment. The company said it will monitor the capital market environment in order to resume the IPO. Jason Carlson, CEO of congatec, said: "We will continue to focus on executing our growth...

IAC (IAC) has made a preliminary proposal for a deal that would result in the full separation of Match Group (MTCH). IAC would distribute its shares in Match Group to IAC stockholders, resulting in two independent public companies. This would also eliminate the dual-class common stock structure at Match...

Aerospace company United Technologies Corp. (UTX) and defense contractor Raytheon Co. (RTN) said that their shareowners approved all of the proposals necessary to complete the merger of equals transaction combining United Technologies' aerospace businesses, comprised of Collins Aerospace and Pratt &...

amazon-101119.jpg Amazon.com, Inc. said it plans to create more than 1,000 full-time jobs at its first fulfillment center in Idaho that will open in 2020. The new 650,000 square feet-facility will be located in Nampa, Idaho. The jobs at the new fulfillment center will will provide employees comprehensive benefits and opportunities to work alongside Amazon robotics.

Amazon.com, Inc. (AMZN) announced Friday plans to open a new fulfillment center in Channahon, Illinois. The more than one-million-square-feet facility will help create 500 new full-time jobs, starting at $15 an hour with comprehensive benefits starting on day one. The fulfillment center will be used...

Lufthansa Group Airlines (DLAKF, DLAKY) reported Thursday that it served around 13.95 million passengers in September 2019. It represented an increase of 2.3 percent from the previous year. The capacity or available seat kilometres, were up 2.2 percent over the previous year, and sales or revenue seat...

Metro AG said the company is in far advanced negotiations with Wumei Technology Group, Inc., a retailer in China, regarding a sale of a majority interest in METRO China. The deal would include the sale of METRO's entire indirect participation in METRO China to a unit of Wumei for an enterprise value...

Infosys Limited (INFY) reported second-quarter earnings per share of $0.13, flat with previous year. On average, 12 analysts polled by Thomson Reuters expected the company to report profit per share of $0.14, for the quarter. Analysts' estimates typically exclude special items. For the second-quarter,...

British energy giant BP Plc. (BP.L, BP_UN.TO, BP) announced Friday that it now expects announce agreed transactions by the end of 2019 for its planned two-year $10 billion disinvestment program, majority of which is expected to be completed by end of 2020. BP announced the divestment program following...

Renault SA (RNSDY.PK, RNSDF.PK, RNT.L) said its Board has decided to end the mandate of Thierry Bolloré as Chief Executive Officer of Renault SA and President of Renault s.a.s. Clotilde Delbos will assume the position of Chief Executive Officer for an interim period. Jean-Dominique Senard will be appointed...

Vinci SA (VCISY.PK) reported Friday that third-quarter passenger numbers across all VINCI Airports facilities grew 6.9 percent from last year to 72 million passengers. All regions reported growth except United Kingdom, which reported a 1.5 percent drop in passenger traffic. The company noted that...

Man Group Plc (MNGPF.PK, MNGPY.PK, EMG.L) reported Friday that its third-quarter funds under management or FUM declined to $112.7 billion from $114.1 billion last year. Sequentially, FUM declined from $114.4 billion in the preceding second quarter. According to the company, the decline in FUM reflected...

Follow RTT
>