By Norihiko Shirouzu BEIJING (Reuters) - Nissan Motor is accelerating the rollout of electric vehicles in China under its main brand and its local, no-frills Venucia marque as it overhauls its strategy in the world's biggest auto market, four sources told Reuters. Besides the focus on green vehicles, the plan involves using more...
Continue reading
By Maria Chutchian (Reuters) - A U.S. Bankruptcy Court judge on Monday approved The Weinstein Co’s liquidation plan, which sets aside $17 million for women who accused co-founder Harvey Weinstein of sexual misconduct. Judge Mary Walrath in Wilmington, Delaware announced her ruling at the conclusion of a remote hearing. She overruled an...
Continue reading
MILAN (Reuters) - Ryanair is interested in taking part in a tender to buy slots at Milan Linate and Rome Fiumicino airports if Alitalia puts them on the block, the Irish low-cost carrier said on Monday. Loss-making Alitalia has endured 12 years of turbulent private management and three failed restructuring attempts, with the government now seeking to nationalise and relaunch the ailing...
Continue reading
(Reuters) - Canada's BlackBerry Ltd said it was unaware of any reasons for a surge in its share price on Monday that lifted gains to more than 150% since the start of January. U.S.-listed shares of the security software supplier were up 17.7% at $16.53, set for an eighth consecutive session of gains and their biggest monthly jump since going public in...
Continue reading
By Mike Spector NEW YORK (Reuters) - Leon Black said on Monday he would relinquish his chief executive post at Apollo Global Management Inc following the buyout firm's independent review of his ties to the late financier and convicted sex offender Jeffrey Epstein. The review, conducted by law firm Dechert LLP, found Black was not involved in any way with Epstein's criminal...
Continue reading
(Bloomberg) -- The end of 2020 brought the sharpest rise in the U.S. poverty rate since the 1960s, according to a study released Monday. Economists Bruce Meyer, from the University of Chicago, and James Sullivan of the University of Notre Dame found that the poverty rate increased by 2.4 percentage points during the latter half of 2020 as the U.S. continued to suffer...
Continue reading
(Reuters) - Goldman Sachs (NYSE:GS) Group Inc-backed webinar marketing platform ON24 Inc is aiming for a valuation of about $2.22 billion in its initial public offering (IPO), as it looks to cash in on continued investor appetite for tech listings. ON24, which allows people to create webinars and host virtual events on its platform, said on Monday it would sell about 8.6...
Continue reading
By Liz Moyer Investing.com -- Stocks recovered early losses on Monday to kick off a busy week of earnings reports from big tech companies, with hopes for a swift approval of new stimulus fading from view. There were a couple of eye-popping moves in stocks as the short-selling favorite GameStop Corp (NYSE:GME) whipsawed. AMC Entertainment Holdings Inc (NYSE:AMC) soared after...
Continue reading
By Yasin Ebrahim Investing.com – The Nasdaq closed at record highs Monday, on Apple-led strength in technology ahead of a busy week of market-moving earnings from big tech. The Dow Jones Industrial Average fell 0.12%, or 37 points, though had been down more than 300 points intraday. The S&P 500 was up 0.38%, while the Nasdaq Composite gained 0.69%. Tech, meanwhile, kept the...
Continue reading
By Geoffrey Smith Investing.com -- California is set to lift its stay-at-home order, while national infection rates and hospital admissions hit their lowest in weeks. Donald Trump’s second impeachment reaches the Senate, while President Joe Biden is set to continue his America First policy in government procurement. China’s retail investors blow a bubble, and a rival to TikTok plans a $5 billion IPO in...
Continue reading
English 
Russian