Category: Maker
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China EV maker Xpeng considers Europe factory in areas with ‘low labor risks’
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Xpeng Inc. is looking for a manufacturing site in Europe, making it the latest Chinese electric vehicle maker to seek to mitigate the impact of import tariffs by building its vehicles in the region. Volkswagen AG’s Chinese partner is in the early stages of selecting a site in the European…
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Trintech’s owners explore $2 billion sale of financial software maker, sources say By Reuters
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Milan city win (Reuters) – Private equity firms Summit Partners and Vista Equity Partners are exploring a potential sale of financial software company Trintech, which could value the company at about $2 billion including debt, people familiar with the matter said. Trintech’s owners are working with investment bankers at Deutsche…
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‘Indescribable’ crew errors led to Sicily shipwreck, yacht maker says By Reuters
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By Matteo Negri MILAN (Reuters) – A series of “unspeakable, unbelievable mistakes” by the crew led to the sinking of the luxury yacht that killed British businessman Mike Lynch and six others earlier this week, the chief executive of the luxury yacht maker told Reuters on Thursday. The British-flagged 56-metre…
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Lockheed to buy satellite products maker Terran in $450 million deal
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(Reuters) – Lockheed Martin Corp on Thursday agreed to acquire satellite products maker Terran Orbital in a $450 million deal, months after the defense contractor withdrew its previous offer to buy the company. Lockheed will pay 25 cents in cash per share, a 37.5% discount to Terran’s last closing price.…
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Mars to boost snack portfolio in mega $36 billion deal for Pringles maker Kellanova By Reuters
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Written by Anirban Sen and Savita Mishra (Reuters) – Family-owned candy giant Mars Inc is buying Cheez-It maker Kellanova in a deal worth about $36 billion, combining consumer food brands from M&M’s and Snickers to Pringles and Pop-Tarts in one of the industry’s biggest deals. Mars Inc. said on Wednesday…
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Snickers maker Mars explores acquisition of Kellanova, sources say By Reuters
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(Reuters) – Family-owned food giant Mars Inc, whose candy brands include M&M’s and Snickers, is considering acquiring Kellanova, the maker of snacks such as Cheez-It and Pringles, according to people familiar with the matter. The deal would be one of the largest ever in the packaged food sector, given Kelanova’s…
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ProtonMail Maker Proton Is Launching Its Own Bitcoin Wallet
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protonthe Swiss technology company that makes online privacy tools like ProtonMail and ProtonVPN, is launching Proton WalletSelf-custodial Bitcoin wallet. This new product will be integrated with ProtonMail and will allow users to send Bitcoin as easily as they send email. “Bitcoin’s value to society has been impacted by transaction difficulty…
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ProtonMail Maker Proton Is Launching Its Own Bitcoin Wallet
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protonthe Swiss technology company that makes online privacy tools like ProtonMail and ProtonVPN, is launching Proton WalletSelf-custodial Bitcoin wallet. This new product will be integrated with ProtonMail and will allow users to send Bitcoin as easily as they send email. “Bitcoin’s value to society has been impacted by transaction difficulty…
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Lift maker Schindler’s orders slip in Q2, weighed by China By Reuters
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By Louis van Boxel Wolff and Bartosz Dabrowski (Reuters) – Swiss elevator and escalator maker Schindler reported a slight drop in orders in the second quarter on Friday as a slowdown in China’s construction market weighed on new installations. The company’s orders came in at CHF2.98 billion ($3.35 billion) in…
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Explainer: Electric snowmobile maker Taiga seeks creditor protection
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Breadcrumbs Path Links Goods energy Electric car News Running out of money after struggling to expand business Get the latest news from Gabriel Friedman straight to your inbox. subscription Published on July 12, 2024 • Last updated 33 minutes ago • Read for 5 minutes You can save this article…
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Exclusive-Bosch weighs offer for appliance maker Whirlpool, sources say By Reuters
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Written by Anirban Sen and Emma Victoria Farr (Reuters) – German engineering group Robert Bosch is considering a bid for U.S. home appliance maker Whirlpool (NYSE:), a move that would strengthen its position in the home appliance market, three people familiar with the matter said. One of the sources said…
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Exclusive-Bosch weighs offer for appliance maker Whirlpool, sources say By Reuters
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Written by Anirban Sen and Emma Victoria Farr (Reuters) – German engineering group Robert Bosch is considering a bid for U.S. home appliance maker Whirlpool (NYSE:), a move that would strengthen its position in the home appliance market, three people familiar with the matter said. One of the sources said…
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S.Korea battery maker apologises for deadly fire but says it complied with safety rules By Reuters
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Written by Hyunsoo Yim, Dojeon Kim, and Daewong Kim HWASEONG, South Korea (Reuters) – The CEO of a South Korean lithium battery maker apologized on Tuesday after a massive factory fire killed 23 workers, but said the company had adhered to all required safety precautions and training. The fire, which…
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Lidar maker Hesai sues US government, denies alleged link to China’s military By Reuters
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SAN FRANCISCO (Reuters) – China-based Hisai Group filed a lawsuit against the U.S. government on Monday to add the maker of lidar light sensors to a list of companies allegedly working with the Chinese military. Hesai, whose sensors help self-driving cars and driver assistance systems obtain a 3D map of…
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Chinese electric vehicle maker Zeekr soars in IPO debut (NYSE:ZK)
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Editorial jozzeppe/iStock via Getty Images Zeekr Intelligent Technology Holding (IPO) opened trading Friday at $26 after the Chinese electric vehicle maker priced its IPO at $21 per share. Male shares (New York Stock Exchange: ZK) zoomed to $29.20 before settlement behind. The initial surge in electric vehicle stocks pushed their…
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Chinese electric vehicle maker Zeekr soars in IPO debut (NYSE:ZK)
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Editorial jozzeppe/iStock via Getty Images Zeekr Intelligent Technology Holding (IPO) opened trading Friday at $26 after the Chinese electric vehicle maker priced its IPO at $21 per share. Male shares (New York Stock Exchange: ZK) zoomed to $29.20 before settlement behind. The initial surge in electric vehicle stocks pushed their…
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Crypto Market Maker Wintermute Enters Hong Kong Bitcoin ETFs Market
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In a strategic move to capitalize on the rapidly evolving cryptocurrency landscape, global algorithmic market maker Wintermute has announced its plans to provide liquidity services for Hong Kong Bitcoin ETFs and Ethereum ETFs. This expansion into the Asian market comes as Wintermute seeks to strengthen its foothold in the region,…