BMW to add X5 production in China
Germany’s BMW (BMWG.DE) will add production of its X5 mid-size luxury SUV – which is currently made in the United States – in China to satisfy strong demand globally for …
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Elon Musk named Time’s 2021 ‘Person of the Year’
Tesla (TSLA.O) Chief Executive Officer Elon Musk was named Time magazine’s “Person of the Year” for 2021, a year that saw his electric car company become the most valuable carmaker …
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Motiva restarts crude unit at Port Arthur, Texas, refinery
Motiva Enterprises (MOTIV.UL) on Monday restarted the second-largest crude distillation unit (CDU) and small coker at its 607,000-barrel-per-day Port Arthur, Texas, refinery, said sources familiar with plant operations. A Motiva …
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Virgin Australia switches U.S. partner to United from Delta
Virgin Australia said on Tuesday it would enter a new codeshare and loyalty partnership with United Airlines (UAL.O) from April 2022, replacing a longstanding partnership with Delta Air Lines (DAL.N) …
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Afterpay gets shareholder nod for Block Inc buyout; majority of proxy votes in favour of deal
Buy now pay later firm Afterpay Ltd (APT.AX) said on Tuesday its $29 billion buyout by Block Inc (SQ.N), previously known as Square, got overwhelming support from shareholders, with 99.79% …
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Morgan Stanley CEO Gorman says Fed may need to move more quickly on rates
Morgan Stanley (MS.N) Chief Executive James Gorman believes the Federal Reserve may need to move more quickly on interest-rate rises, he said in an interview with CNBC on Monday. Investors …
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3M hit with $22.5 million verdict in latest U.S. military earplug trial
A federal jury on Friday awarded $22.5 million to a U.S. Army veteran who alleged that combat earplugs sold by 3M Co (MMM.N) caused him to suffer hearing loss and …
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