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...Allan Swan, president of Panasonic Energy of North America, said the company was committed to building out a North American supply chain to “maintain stable sourcing” and “manage ongoing global logistics...
...Allan Swan, president of Panasonic Energy of North America, told Nikkei on the sidelines of CES that the Tesla supplier still needs “more plants” to reach its goal of increasing annual production capacity...
...The unit accounts for about 15 per cent of Panasonic’s sales for the latest fiscal year....
...The downgrade by Panasonic, which lowered its full-year operating profit forecast for its battery unit to ¥115bn ($771mn) from ¥135bn, was spurred by slowing demand in North America for Tesla EVs, which...
...and North Korea....
...At Bank of America, rising deposit costs equalled two-thirds of new interest received in the quarter....
...Charts are conservative on purpose; the Corps of Engineers report says that the channel is dredged to a depth of 45 feet....
...The second, more important, point is that Manulife’s move shows that some players are finally getting more honest about America’s commercial real estate pain. This is welcome — and belated....
...Investors will be keen to learn more about its efforts to speed up its rollout and development of AI products....
...GBA’s nearly 200 members include large companies from a range of sectors, including Nestlé USA, AstraZeneca, Diageo, Mercedes-Benz, Panasonic, Sony Corporation of America and chipmaker TSMC....
...US new home sales: Economists have forecast that sales of new homes in the US increased in March to an annualised pace of 670,000 units, up from 662,000 in February....
...The company is expected to report a loss of $1.21 a share, compared with a loss of 69 cents a year ago....
...The company warned in the previous quarter of a slowdown in North America in both food and beverages that continued into this year, which was partly affected by the recall of some Quaker Foods products....
...“Winner” indicates that the organisation won an FT Innovative Lawyers North America award for 2023. The full list of award winners is available here....
...There is plenty of room for growth. Pedal to the metal please, Panasonic....
...PayPal, Coty, News Corp and Mattel will post their earnings after the market closes. Fedspeak: US Federal Reserve governors Adriana Kugler and Michelle Bowman will make separate appearances....
...It would also add about 3,000 jobs to the site it calls the “epicentre of lithium-ion battery production in North America”, bringing the total to more than 5,000....
...Over the past two years, big banks such as JPMorgan Chase, Bank of America, Citigroup and Wells Fargo charged more for loans in lockstep with the Fed lifting interest rates, without passing on the increase...
...And the actor, naturally, was the United States of America....
...Ultimately, the company is planning to quadruple its EV battery capacity annually by 2031, mainly in North America....
...Companies that are 25 per cent or more owned by Chinese, Russian, North Korean or Iranian entities will be ineligible for US incentives like tax breaks and grants under the Inflation Reduction Act (IRA)....
...Kusumi has pushed Panasonic’s so-called “green impact” initiatives to the forefront of its growth ambitions, often invoking founder Konosuke Matsushita’s words that the company is “a public institution of...
...“North American companies place a greater emphasis on pay-at-risk,” said Stephen Diotte, compensation practice leader at the Bedford Group, a Calgary-based consultancy....
...Fed minutes: The US central bank will release minutes from the Federal Open Market Committee’s last meeting, when it maintained its outlook of 0.75 percentage points of interest rate cuts in 2024 and raised...
...The change from Delaware to Nevada was completed on Thursday, according to documents filed to the office of the Nevada secretary of state....
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