FINE1

Tesla recalls nearly 1.1 million U.S. vehicles to update window reversing software

Register now for FREE unlimited access to Reuters.comRegisterWASHINGTON, Sept 22 (Reuters) – Tesla (TSLA.O) is recalling nearly 1.1 million U.S. vehicles because the window automatic reversal system may not react correctly after detecting an obstruction, increasing the risk of injury.The electric vehicle manufacturer told the National Highway Traffic SafetyAdministration (NHTSA) that it would perform an …

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Porsche wants to be ready for IPO as early as possible, exec tells Il Sole 24 Ore

Employees of German car manufacturer Porsche install the windshield of a Porsche 911 at the Porsche factory in Stuttgart-Zuffenhausen, Germany, February 19, 2019. Picture taken February 19, 2019. REUTERS/Ralph Orlowski/File PhotoRegister now for FREE unlimited access to Reuters.comRegisterMILAN, Sept 10 (Reuters) – Porsche AG wants to be ready for a planned stock market listing as …

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Volkswagen triggers landmark Porsche IPO plan, defying market doubts

Attendees look at the 2022 Porsche 718 Cayman GT4 RS during the 2021 LA Auto Show in Los Angeles, California, U.S. November 17, 2021. REUTERS/Ringo ChiuRegister now for FREE unlimited access to Reuters.comRegisterHAMBURG/FRANKFURT, Sept 5 (Reuters) – Volkswagen (VOWG_p.DE) on Monday announced its intention to float sportscar brand Porsche, triggering what could become one of …

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Bed Bath & Beyond to cut jobs, close stores in bid to reverse losses

Aug 31 (Reuters) – Bed Bath & Beyond Inc (BBBY.O) on Wednesday said it inked deals for more than $500 million in new financing and that it would close 150 stores, cut jobs and overhaul its merchandising strategy in an attempt to turn around its money-losing business.Investors, however, remain concerned that the retailer’s plan, announced …

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Five Chinese state-owned companies to delist from NYSE amid U.S. tensions

SHANGHAI/HONG KONG, Aug 12 (Reuters) – Five Chinese state-owned companies, including oil giant Sinopec (600028.SS) and China Life Insurance (601628.SS), said on Friday they would delist from the New York Stock Exchange, amid economic and diplomatic tensions with the United States.The companies, which also include Aluminium Corporation of China (Chalco) (601600.SS), PetroChina (601857.SS) and Sinopec …

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Berkshire Hathaway posts massive $43.8 billion loss; operating results improve

Berkshire Hathaway Chairman Warren Buffett walks through the exhibit hall as shareholders gather to hear from the billionaire investor at Berkshire Hathaway Inc’s annual shareholder meeting in Omaha, Nebraska, U.S., May 4, 2019. REUTERS/Scott Morgan//File PhotoRegister now for FREE unlimited access to Reuters.comRegisterAug 6 (Reuters) – The slide in U.S. stock prices punished Berkshire Hathaway …

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Tesla shareholders broadly follow board recommendations at annual meeting

Aug 4 (Reuters) – Tesla Inc (TSLA.O) shareholders voted for board recommendations on most issues at the company’s annual meeting on Thursday, including re-electing directors, approving a stock split, while rejecting proposals focused on environment and governance.Votes on three of the 13 proposals did not follow board recommendations, according to preliminary tallies presented at the …

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Facebook parent Meta makes first-ever bond offering

The logo of Meta Platforms is seen in Davos, Switzerland, May 22, 2022. Picture taken May 22, 2022. REUTERS/Arnd Wiegmann//File PhotoRegister now for FREE unlimited access to Reuters.comRegisterAug 4 (Reuters) – Facebook-parent Meta Platforms (META.O) said on Thursday it would make its first-ever bond offering, at a time when the social media company is making …

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HSBC hangs up on Ping An break-up call, lifts payout and profit goal

HSBC to revert to paying quarterly dividends from 2023Aims to win over investors with higher profitability targetSays demerger of Asian business has huge risksLondon shares rise 6%LONDON/SINGAPORE, Aug 1 (Reuters) – HSBC (HSBA.L) pushed back on a proposal by top shareholder Ping An Insurance Group Co of China (601318.SS) to split the lender, a move …

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