MADRID (Reuters) – Ford is considering making a new sports-utility vehicle (SUV) at its plant in Valencia in Spain, the company said on Thursday. “We are closely monitoring the evolution of the European markets for opportunities to enhance our current product offering,” the group said. “Given the changes we see in the industry, we believe […]
Moderna secures $750 million from Blackstone Life Sciences to develop flu shots
By Leroy Leo and Sneha S K (Reuters) -Moderna on Wednesday said Blackstone’s life sciences arm would offer $750 million to help fund development of its flu vaccines, bolstering the company’s efforts to advance multiple vaccines in the face of a steep decline in sales of its COVID-19 shots. Moderna is developing several new vaccines, […]
Trump’s media company valued at almost $8 billion in strong Wall St debut
By Medha Singh and Yuvraj Malik (Reuters) -Shares of Donald Trump’s Trump Media & Technology Group surged as much as 59% on Tuesday in their Nasdaq debut, lifted by the former U.S. president’s supporters and providing him a potential windfall as he grapples with the costs of several legal cases. At its session high of […]
Ericsson To Lay Off 1,200 Staff in Sweden as 5G Spending Slows
COPENHAGEN (Reuters) -Ericsson on Monday said it would lay off about 1,200 employees in Sweden as part of cost-cutting measures announced earlier this year as customers reduce their spending on 5G gear. After cutting thousands of staff last year, telecoms equipment suppliers like Ericsson and Finland’s Nokia are expecting 2024 to remain challenging as 5G […]
Investors greenlight Trump’s $5.7 billion social media deal
By Helen Coster, Svea Herbst-Bayliss (Reuters) -Former U.S. President Donald Trump came a step closer on Friday to reaping a major windfall from his social media firm after investors in a blank-check acquisition company approved a merger currently worth about $5.7 billion. The deal values Trump’s majority stake in the company that holds his app […]
Goldman Sachs Asset Management Raises Over $700 Million For New Fund
(Reuters) – Goldman Sachs Asset Management said on Thursday it had raised over $700 million for a new fund that will work with external managers to identify investment opportunities in both public and private markets. The fund, Union Bridge Partners I, will work together with private credit firms and hedge funds and is part of […]
Nordstrom, Macy’s Deals Could Put Private Ownership Back in Vogue for U.S. Retailers
By Katherine Masters and Abigail Summerville NEW YORK (Reuters) -America’s biggest publicly traded department store chains could be set for private-equity or hedge-funds ownership, dramatically changing the retail landscape in the United States. Investments in retail and consumer companies accounted for just 7% of the total U.S. private equity deal volume of $2.6 trillion in […]
Pfizer Offloads $3.5 Billion Stake In Sensodyne-maker Haleon
(Reuters) – Haleon said on Tuesday top shareholder Pfizer offloaded a roughly $3.5 billion stake in the consumer healthcare firm, bringing down its holding in the British company to 22.6%. Pfizer previously held a 32% stake, followed by second-largest shareholder GSK which has a 4.2% holding. WHY IT’S IMPORTANT This is Pfizer’s first stake sale […]
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Ford considers making new SUV in Valencia
March 28, 2024
MADRID (Reuters) – Ford is considering making a new sports-utility vehicle (SUV) at its plant in Valencia in Spain, the company said on Thursday. “We are closely monitoring the evolution of the European markets for opportunities to enhance our current product offering,” the group said. “Given the changes we see in the industry, we believe […]
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