Hints and tips:
...Nippon offered $55 a share in cash for US Steel in December, months after the American company had rebuffed a lower offer from US-based Cleveland-Cliffs....
...This follows concern over rising competition for western manufacturers following domestic overproduction of electric cars in China. 5....
...Berkshire hit back in November, accusing the founder’s son Jimmy Haslam III, co-owner of the Cleveland Browns football team, of seeking to suborn executives at Pilot into inflating the company’s profits,...
...Any takeover would further consolidate a US industry now reduced to four main companies: Cleveland-Cliffs, Nucor, Steel Dynamics, and US Steel....
...The Pittsburgh-based company rejected a $7.3bn approach from rival Cleveland-Cliffs, and seemed to shrug when the privately held Esmark followed with a $10bn proposal....
...The shares in the US company, which rejected an offer from rival Cleveland-Cliffs in August, closed on Friday at $39.51 each....
...Chinese companies aren’t competing for as many American companies given rising tensions between Washington and Beijing, while high US interest rates have led to private equity firms pulling back on deals...
...As Richard Langlois shows in his illuminating history, The Corporation and the Twentieth Century, many of those once-admired corporates have not survived the gale of creative destruction which has swept...
...Tesla has lowered the price of some vehicles in China, the first cut since the scrapping of a pledge from the US electric vehicle company and 15 Chinese carmakers to avoid “abnormal pricing”....
...) Helen Thomas made brilliant sense of the war waging between the European Union and China over electric vehicles....
...Sanderson Design Group Look for the brand’s Lightshades installation illuminating the Rue du Mail en route to its store, where theatrical Sanderson x Disney Home drapes swathe the exterior, celebrating...
...When Coldplay stepped out in front of a packed Wembley Stadium last year, the power for the lights illuminating their screaming fans came from old electric car batteries....
...See below for an illuminating piece by Kaori on the dirty secret of the “stretch” in yoga clothes that sustainability enthusiasts might not know about....
...Lithium has been the chemical bee’s knees for rather longer as an ingredient in electric-car batteries. Some of its halo is now illuminating soda ash....
...A series of price cuts this year has already lowered margins at the electric vehicle maker. Musk also had an unusual message for shareholders worried about the company’s falling profits. 2....
...Nikola trial: A jury is expected to hear closing arguments for the fraud trial of Trevor Milton, founder of electric vehicle company Nikola, who is accused of misleading investors....
...Nikola trial A jury is expected to hear closing arguments today for the fraud trial of Trevor Milton, founder of electric vehicle company Nikola, who is accused of misleading investors....
...Fedspeak Cleveland Fed president Loretta Mester will give opening remarks at her branch’s Conversations on Central Banking series, which today will focus on wages and inflation....
...So this has been a really illuminating episode. And thank you for listening. [MUSIC PLAYING] Thanks to Michael Skapinker and to John Mullins for taking part....
...(Gillian Tett) Western companies helping Russia’s army?...
...Profits at UK investment bank Peel Hunt were almost entirely wiped out after a plunge in company flotations and other equity-raising activity in 2022....
...Brian Deese, the director of the National Economic Council, visited downtown Cleveland to talk about the administration’s efforts to protect domestic supply chains and revitalise American manufacturing....
...Read this illuminating story here....
...The UK, long renowned for its government-run NHS, has recently seen US brands such as the Mayo Clinic and Cleveland Clinic open private facilities in London....
...The company also had to reimburse General Motors after a costly electric vehicle recall over battery flaws....
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