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...Last week, Volvo Cars said it would sell its 48 per cent stake in Polestar to Geely, and would not inject any more funding into the brand. Polestar is seeking about $1.3bn of fresh funding....
...On Thursday, March 28, a group of powerful Delaware lawyers put in motion a plan to make a series of changes to the state’s eminent corporate code, known as the Delaware General Corporation Law....
But the boost to liquidity can prove shortlived
...Toyota said some exports might be affected, while Volvo and JLR also use the port....
...In 2021, battery group Northvolt built Europe’s first homegrown cell in a gigafactory in Skellefteå....
...Max launched in the US in May 2023 in an attempt to challenge Netflix, Disney and Amazon in the streaming market, and in Latin America and the Caribbean earlier this year....
...Before meeting Musk, the president, who has expressed a spiritual interest in Judaism, travelled to Miami, where he was honoured as “an international ambassador of light” by a Jewish community group for...
...“There was a huge outflow from ESGU and into QUAL as a result of BlackRock changing their weighting,” said Bryan Armour, director of passive strategies research for North America at Morningstar....
Tesla wants to relocate its corporate domicile but institutional investors like Delaware’s sophistication and predictability
...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...
...This group briefly considered an option to domicile Tesla outside the US, but then drew up a shortlist of 10 states, before whittling the options down to Texas and Delaware....
...It’s hardly surprising that Napa Valley, an hour north of San Francisco, is a magnet for tourists. Napa wine producers have responded by turning tourism into a serious profit centre....
...Other companies: Blackstone, DR Horton and Alaska Air Group will report earnings before the bell....
...A group of tired Colombians and Venezuelans carrying backpacks approached a checkpoint on a Mexican road heading north to the US, then suddenly diverted left to avoid it....
...Another factor driving the growth of ETFs is the active ETF boom, said Bryan Armour, director of passive strategies research for North America at Morningstar Research Services....
...Meanwhile, rights groups have warned that the humanitarian situation on the ground is deteriorating in what is already the poorest nation in the Americas....
...Rentokil now expects its full-year performance in North America to be “marginally below” its previous expectations....
...Moderna: The pharmaceutical group will hold its annual investor day, when shareholders will be keen to learn more about how it plans to grow its business beyond the Covid-19 pandemic....
...In North America, real internal growth was down 5.8 per cent on falling sales of frozen food. Sales in the region fell 7.7 on a reported basis to SFr5.8bn....
...Tired of raids by local bandits, the farmers of a poor Mexican village hire a group of gunslingers from across the US border to protect them....
...Nevertheless, Pemex chief executive Octavio Romero this week shrugged off economists’ warnings that government support for the oil group will be increasingly costly without major reforms....
...FedEx: The parcel delivery group, which is a bellwether for global growth, is expected to report a third quarter revenue decline but diluted earnings per share are forecast to increase 12.8 per cent on an...
...But there are far fewer restrictions preventing Chinese groups from hiring engineers from the allies....
And more on bad buybacks
...Trade group Airlines for America said that carriers “offer transparency and vast choice to consumers”, and that average domestic round-trip fares, including with ancillary fees added, were 14 per cent lower...
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