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...The timing of the announcement and the amount of the fine could change, they added....
...The EU’s move comes as it imposes new scrutiny on the iPhone maker, particularly over the company’s $85bn-a-year services business....
...Alabama-based Hibbett has 1,169 stores located in 36 states across the US. In the year to February, it generated net sales of $1.7bn and pre-tax profit of $131.6mn....
...highest of any company....
...Mercedes-Benz has been dragged into the wave of industrial action sweeping across the US auto industry, with almost 200 union workers at an Alabama-based factory supplying the luxury-car maker going on strike...
...“This deal threatens to deprive consumers of the competition for affordable handbags, while hourly workers stand to lose the benefits of higher wages and more favourable workplace conditions”....
...The company’s last major acquisition was the $16.6bn takeover of heart device maker Abiomed in November 2022....
...In a filing on Tuesday evening, the electric-car maker said it had “updated our future vehicle line-up to accelerate the launch of new models ahead of our previously communicated start of production in the...
...The court is deliberating on another case, Relentless Inc vs Department of Commerce, that seeks to overturn a 40-year-old legal doctrine that says courts should generally defer to agencies’ interpretation...
...Apple said its decision to target Epic was legal under the terms of a 2021 US court ruling, which confirmed it could terminate Epic’s account at its discretion, and was motivated by the Fortnite-maker’s...
...In a sweeping antitrust lawsuit the US on Thursday alleged that the iPhone maker had betrayed that slogan, locking millions of its users into a powerful monopoly that has made it one of the most valuable...
...A version of this article was first published by Nikkei Asia on March 6. ©2024 Nikkei Inc. All rights reserved....
...Tesla’s announcement comes as CATL, the world’s largest EV battery maker, on Monday reported lower-than-expected revenues of Rmb79.8bn ($11bn) for the January-March period....
...Levy said he expected “modestly negative” free cash flow, which would be the first quarter of negative cash since the start of 2020....
...“The market is crap,” said Martin Pochtaruk, president of Heliene, a Canadian solar-panel maker....
...Measured by revenues and profits, Apple has long been the top smartphone maker thanks to the iPhone’s dominance at the high end of the market....
...Global battery makers are scrambling to secure essential machines and materials, but many of these suppliers are struggling to meet the surging demand due to lack of workers, finance, and space to build...
...The Department of Justice seems to think so....
...The iPhone maker has increasingly put claims of environmental and social responsibility at the heart of its marketing campaigns....
...Rivian reported a net loss of $5.4bn in 2023, improving from a $6.8bn loss a year earlier. It held $9.4bn in cash and cash equivalents at the end of 2023, compared with $12.1bn at the end of 2022....
...One fewer handbag maker will be negative for everyone other than shareholders of the acquirer. But to make its case, the FTC defines a specific market of “accessible luxury.”...
...Mentioned in this podcast: Tesla shareholders braced for worst results in 7 years Why oil prices remain steady even as Middle East tensions escalate Covid vaccine makers to clash in London over mRNA patent...
...Transsion, whose affordable handsets have helped it become Africa’s top smartphone maker, increased shipments by 85 per cent to 25.2mn units, putting it in fourth place by volume ahead of its more established...
...On Friday, the struggling jet maker confirmed it was considering reacquiring Spirit AeroSystems....
...A version of this article was first published by Nikkei Asia on April 19 2024. ©2024 Nikkei Inc. All rights reserved....
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