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Swedish lithium-ion battery maker Northvolt said on Wednesday it had bought U.S. startup Cuberg to get access to technology that would boost the range of electric vehicles that can use its batteries. Cuberg, spun out of Stanford University in 2015, Read more
U.S. electric vehicle maker Tesla Inc said on Wednesday a hacking incident reported on Tuesday was restricted to a supplier’s production site in Henan province, China, and its Shanghai car factory and showrooms were not affected. A small group of Read more
Bank strategists are raising their estimates for U.S. corporate profitability this year following surprisingly strong fourth-quarter earnings and growing optimism about an economic rebound. The sharp earnings growth will bolster the case for equity gains this year, they said. Based Read more
Aircraft leasing is poised for its biggest shake-up in almost a decade as its top two players, AerCap Holdings and General Electric Co’s GECAS, discuss a deal to forge an industry titan with more than 2,000 jets, people familiar with Read more
Germany’s Bayer on Wednesday pledged to revive growth in adjusted earnings by 2024, helped by the launch of products such as digital farming services, soy seeds and non-prescription remedies. The agriculture and pharmaceuticals group said in a statement it was Read more
Goldman Sachs Group Inc said on Wednesday it will invest $10 billion in an initiative to support Black women over the next 10 years, focusing on areas including healthcare, job creation and education. The bank’s “One Million Black Women” initiative Read more
ConocoPhillips said on Wednesday it has resumed its share buyback program and pledged to keep spending flat even as oil prices climbed, the latest U.S. energy firm to embrace investor returns over production growth. Despite the uptick in crude prices, Read more