TOKYO (Reuters) – Panasonic Corp sold its stake in electric car maker Tesla Inc for about 400 billion yen ($3.61 billion) in the year ended March, a spokesperson for the Japanese company said on Friday. The sale comes as the bicycles-to-hair dryers conglomerate is seeking to reduce its dependence on Tesla and raise cash for investments. Panasonic’s battery business is […]
Read moreInvesting in the space Industry ProcureAM CEO Andrew Chanin discusses the potential impact of the Pentagon’s UFO report on space stocks. Virgin Galactic won clearance to fly passengers into space after the Federal Aviation Administration issued the green light. The move intensifies the space race between Richard Branson and rival Jeff Bezos' Blue Origin. Shares jumped in early trading Friday. […]
Read more(Reuters) -Dye & Durham Ltd said on Thursday a special committee of its board has appointed JPMorgan and Scotiabank as its financial advisers for a strategic review in response to a buyout offer worth about C$3.4 billion ($2.76 billion). The special committee is still reviewing the proposal of the management-led shareholder group, the Canadian cloud-based software maker said, adding that […]
Read more(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.) * Weekly jobless claims fall, Q1 GDP unrevised at 6.4% * Tesla shares boost Nasdaq, S&P 500 * Lilly jumps on plan to seek approval for Alzheimer’s drug (Updates with end of session) June 24 (Reuters) – The Nasdaq […]
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New York (CNN Business)Tesla had a stellar 2020: The electric car maker was added to the S&P 500 and the stock surged an electrifying 743%. But some investors have pulled the plug on the company lately. Tesla (TSLA) shares are nearly 25% below their all-time high set earlier in the year, and down 2% for 2021 to date -— a […]
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FILE PHOTO: A healthcare worker prepares a Pfizer coronavirus disease (COVID-19) vaccination in Los Angeles, California, U.S., January 7, 2021. REUTERS/Lucy Nicholson/File PhotoCHICAGO (Reuters) – Want free meat for a year? Get a COVID-19 shot. Meatpacker JBS SA said on Thursday it will give away beef, pork and chicken for the next year to 50 U.S. families that participate in […]
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FILE PHOTO: Medical staff assist a patient suffering from the coronavirus disease (COVID-19), at an intensive care department at a hospital in Ariana, Tunisia, April 26, 2021. REUTERS/Jihed AbidellaouiTUNIS (Reuters) – Tunisia is seeing a significant increase in COVID-19 cases, with intensive care wards almost full, an adviser to the government said on Thursday. “A COVID tsunami is hitting the […]
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LONDON/MOSCOW (Reuters) -Russia accused Britain on Thursday of spreading lies over a warship confrontation in the Black Sea and warned London that it would respond resolutely to any further provocative actions by the British navy off the coast of Russia-annexed Crimea.British Royal Navy’s Type 45 destroyer HMS Defender arrives at the Black Sea port of Odessa, Ukraine June 18, 2021. […]
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Take a look at some of the biggest movers in the premarket: Eli Lilly (LLY) – The drugmaker's shares surged 8.7% in the premarket after Lilly's Alzheimer's treatment received "breakthrough therapy" designation from the Food and Drug Administration. The designation means the treatment may show substantial improvement over existing therapies and qualifying it for expedited development and approval. Accenture (ACN) […]
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