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January 27, 2023

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BMW to add X5 production in China

December 27, 2021December 21, 2021 - by ucc-lbborg

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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Business

Elon Musk named Time’s 2021 ‘Person of the Year’

December 26, 2021December 21, 2021 - by ucc-lbborg

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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Business

Motiva restarts crude unit at Port Arthur, Texas, refinery

December 25, 2021December 21, 2021 - by ucc-lbborg

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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Business

Virgin Australia switches U.S. partner to United from Delta

December 24, 2021December 21, 2021 - by ucc-lbborg

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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Business

Afterpay gets shareholder nod for Block Inc buyout; majority of proxy votes in favour of deal

December 23, 2021December 21, 2021 - by ucc-lbborg

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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Business

Morgan Stanley CEO Gorman says Fed may need to move more quickly on rates

December 22, 2021December 21, 2021 - by ucc-lbborg

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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Business

3M hit with $22.5 million verdict in latest U.S. military earplug trial

December 21, 2021December 21, 2021 - by ucc-lbborg

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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