By David Shepardson SPARTANBURG, South Carolina (Reuters) -BMW AG said on Wednesday it will invest $1.7 billion to build electric…
Consumer giants are winners as shoppers swallow price hikes
By Richa Naidu, Jessica DiNapoli and John Revill ZURICH/LONDON (Reuters) – Nestle and Procter & Gamble, the world’s two biggest…
BMW chief warns against setting gas-powered phase-out date
By David Shepardson GREENVILLE, South Carolina (Reuters) – Setting a date to phase out gas-powered vehicles could remove “cheap cars”…
Arizona, Texas join multi-state probe into big banks over net-zero pledge
(Reuters) – A group of U.S. state attorneys general including from Arizona and Texas have sent civil investigative demands to…
AT&T in talks with investors to expand fiber optics network – report
(Reuters) -AT&T Inc is in discussions to create a joint venture that would invest billions of dollars to expand its…
Hyundai Motor and Kia warn $2 billion engine provision to hit Q3 earnings
By Heekyong Yang and Joyce Lee SEOUL (Reuters) – Hyundai Motor and affiliate Kia Corp will book a combined 2.9…
Canada promises industry it will respond to U.S. inflation act
By Ismail Shakil OTTAWA (Reuters) -Canada must strengthen its incentives meant to help industry scale up clean technologies after the…
Lam Research warns of up to $2.5 billion revenue hit from U.S. curbs on China exports
(Reuters) – Chip-making technology provider Lam Research Corp on Wednesday warned of a $2 billion to $2.5 billion revenue hit…
Credit Suisse currency rigging claims go before U.S. jury
By Jody Godoy (Reuters) -A U.S. jury began deliberating on Wednesday at a civil trial where Credit Suisse Group AG…
IBM expects to exceed annual revenue target on resilient cloud momentum
By Chavi Mehta (Reuters) -IBM Corp beat quarterly earnings estimates on Wednesday and said it expects to exceed full-year revenue…