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#techAsia
AI and autos at CES, and Panasonic’s US plans Premium content
...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...
January 11, 2024
Batteries
Panasonic’s EV battery unit boosts US supply chain with silicon deal
...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...
December 11, 2023
FT Live
Future of Asset Management North America
New models for the next age of fund management
Wednesday, 25 SeptemberNew York, NY, USA
Panasonic Corp
Panasonic blames lacklustre Tesla demand for cut to profit outlook
...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...
October 30, 2023
Bankruptcy
The US scourge of venue shopping
...Instead, it filed in the Southern District of New York, claiming that venue by virtue of the fact that the non-equity general partner in some of its entities partnerships was a New York corporation....
March 28, 2024
War in Ukraine
Slash tax on profits from Russia’s frozen assets, US urges allies
...Waiving these taxes would require “significant legal changes to the corporation taxation system in Belgium”, said one person involved in the discussions, who thought it therefore unlikely to happen....
April 19, 2024
United States Steel Corp
Multinationals urge Yellen not to let politics stop US Steel deal
...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....
January 24, 2024
FT Live
Innovative Lawyers Awards North America
Celebrating innovations from both law firms and in-house teams in the region
Monday, 9 DecemberGotham Hall, Broadway, New York, NY, USA
Special ReportNorth America Innovative Lawyers
Standout examples of in-house lawyers’ work
...“Winner” indicates that the organisation won an FT Innovative Lawyers North America award for 2023. The full list of award winners is available here....
December 5, 2023
Live news: EU court rules drug kingpin Pablo Escobar cannot be trademarked
What to watch in North America today
...G7: The foreign ministers of Italy, Canada, France, Germany, Japan, UK, US, as well as European Union officials, will begin their three-day meeting on the Italian island of Capri amid rising tensions in...
April 17, 2024
Live news: Citadel agrees big expansion of London office space
What to watch in North America on Thursday
...Fedspeak: Atlanta Fed president Raphael Bostic will deliver remarks at the Prosperity Partnership of Fort Lauderdale....
April 18, 2024
News updates from April 15: US retail sales rise more than expected; Yen falls below ¥154 per dollar
What to watch in North America on Monday
...Analysts expect slightly higher revenue compared with the year-ago quarter but thinner margins, in part because of an anticipated uptick in provisions for bad loans....
April 15, 2024
#techAsia
Asians woo Tesla, Taiwan’s Kinsus mulls Malaysia substrate play Premium content
...Ultimately, the company is planning to quadruple its EV battery capacity annually by 2031, mainly in North America....
January 18, 2024
Donald Trump
Trump claims he may need ‘fire sale’ to pay $464mn fraud judgment
...One of the largest penalties imposed on a New York corporation, the judgment has ballooned the former president’s legal costs, which he is struggling to cover while mounting a campaign for the presidency...
March 19, 2024
Walt Disney Co
Disney settles lawsuit in Florida theme-park dispute
...“No corporation should be its own government,” the statement said, adding the administration was “ready to work with Disney . . . to help promote economic growth, family-friendly tourism, and accountable...
March 27, 2024
Harvard University
Bill Ackman backs outsider candidates for Harvard board
...The board works alongside the Harvard Corporation in the oversight of the Ivy League institution, including “the power of consent to certain actions such as the election of Corporation members”....
January 10, 2024
Donald Trump
Trump posts $91.6mn bond as he appeals defamation verdict
...The sum, insured by a subsidiary of the Chubb corporation, was posted on Friday in Manhattan federal court as part of an appeal against the decision....
March 8, 2024
FT Live
Future of the Car
The technology and new business models shaping the next decade in automotive
Tuesday, 7 MaySancroft, Paternoster Square, London EC4M 7DQ, UK
FT Magazine
Battle for the American West
...By the mid-1800s, the US bracketed the landmass called North America....
April 13, 2024
US banks
US banks set for profits boost as expectations grow of fewer Fed rate cuts
...Profits may be hit by additional fees as part of the Federal Deposit Insurance Corporation’s plan to recover losses associated with rescuing Silicon Valley Bank and Signature Bank last year, most of which...
April 9, 2024
Batteries
South Korean EV battery makers lay off workers and scale back investments in US
...The Japanese company is considering the possibility of a third US factory in addition to a second site it is building in Kansas. “They [Panasonic] don’t have to cut back. They have to scale up....
November 23, 2023
Commercial property
Big developer launches $1bn fund to buy distressed New York offices
...of distressed sales....
January 20, 2024
News updates from April 10: US inflation rises faster than expected; KPMG fined $25mn in cheating scandal
What to watch in North America today
...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...
April 10, 2024
News updates from April 2: Biden speaks with Xi, Fed’s Mester raises long-term rate outlook
What to watch in North America today
...Fedspeak: Federal Reserve governor Michelle Bowman will deliver a virtual speech at a workshop on the future of banking hosted by the central bank’s Kansas City branch....
April 2, 2024
Donald Trump
Trump’s bond reduced to $175mn in civil fraud case
...That bond was underwritten by a subsidiary of the Chubb corporation....
March 25, 2024
Panama
Panama’s boom years fade as election looms
...Panama, once Latin America’s star economy, is close to losing its investment-grade status as another ratings demotion looms, with the next president set to inherit its biggest economic challenge in decades...
April 18, 2024
Nuclear energy
Bill Gates’ TerraPower plans to build first US next-generation nuclear plant
...TerraPower, which has raised almost $1bn in private funding, signed an agreement with Emirates Nuclear Energy Corporation in December to explore using Natrium reactors to generate electricity and produce...
March 19, 2024
News updates from April 11: ECB keeps interest rates on hold; OJ Simpson dies aged 76
What to watch in North America today
...Constellation Brands: The producer of Modelo, the top-selling beer in the US, is forecast to post earnings of $2.04 a share in its fiscal fourth quarter, almost 70 per cent higher than a year earlier....
April 11, 2024

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