MILAN (Reuters) – Stellantis said on Tuesday it will invest a total of $155 million in three plants located in Kokomo, Indiana, to produce new electric drive modules (EDM) that will be fitted in[...]
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Technology
Tesla to Halt Some China Production for Upgrades – Bloomberg News
(Reuters) – Tesla Inc will suspend some production until the end of February as the electric-vehicle maker upgrades the facility to make a refreshed version of the Model 3 compact sedan, Bloombe[...]
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Judge tightens Sam Bankman-Fried’s bail, sets hearing
By Abinaya V, Shubham Kalia and Jonathan Stempel NEW YORK (Reuters) -A federal judge on Tuesday ordered Sam Bankman-Fried not to use a virtual private network to access the internet, after prosecutors[...]
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Musk did not need Tesla board to review buyout tweets, directors testify
By Hyunjoo Jin and Jody Godoy (Reuters) -Tesla Inc’s board had no obligation to review CEO Elon Musk’s 2018 tweets announcing a bid to take the electric car maker private, which investors[...]
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FTX founder Bankman-Fried objects to tighter bail, says prosecutors ‘sandbagged’ him
By Jonathan Stempel NEW YORK (Reuters) – Lawyers for Sam Bankman-Fried on Saturday urged a U.S. judge not to ban the indicted FTX cryptocurrency executive from communicating with former colleagu[...]
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Southwest Airlines warns of quarterly loss after holiday meltdown
By Rajesh Kumar Singh and Kannaki Deka (Reuters) -Southwest Airlines Co on Thursday warned of a loss in the current quarter as passengers shunned the carrier in the immediate aftermath of an operation[...]
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Live Nation CFO defends Ticketmaster, blames bots for Taylor Swift debacle
By David Shepardson WASHINGTON (Reuters) -Ticketmaster learned “valuable lessons” when the Taylor Swift concert tickets sale last year was disrupted by record bot traffic, the parent compa[...]
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Netflix’s ability to churn out hits gives it an edge over rivals
(Reuters) -Netflix Inc’s steady stream of hit shows is helping it stand out in a crowded market while paving the way for double-digit revenue growth later this year, analysts said, after the fir[...]
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Logitech shares sink as it cuts sales outlook after weak quarter
ZURICH (Reuters) -Logitech International on Thursday reported lower earnings and sales between October and December and cut its sales outlook, sending its shares down by almost a fifth in opening trad[...]
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