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Talen Asks U.S. Regulators To Nix Case Against Its Amazon Data Center Deal
Talen Energy has asked US regulators to reject a challenge to its recent Amazon data center deal, which is being opposed by a group of...

By The Financial District
Jul 11, 20242 min read


Nvidia Gets Downgrade On Valuation Concerns After Rally
Nvidia Corp.’s significant rally since the start of last year may have reached its limit.

By The Financial District
Jul 10, 20241 min read


Tesla Shares To Turn Positive After $200-B Rally
An eight-day winning streak for Tesla Inc. shares sent the world’s most valuable automaker into positive territory for the first time this..

By The Financial District
Jul 10, 20241 min read


TSMC Shares Soar To Record High On Fears Of Tight 2025 Supply
Taiwan Semiconductor Manufacturing Co. (TSMC) rose to a record intraday high in Taipei after Morgan Stanley joined a list of brokers...

By The Financial District
Jul 10, 20241 min read


Samsung Union Holds 3-Day Strike Over Low Pay
Thousands of Samsung Electronics Co. workers walked off the job Monday to stage a rally demanding better pay, beginning the biggest...

By The Financial District
Jul 10, 20241 min read


Paramount, Skydance Merger Deal Ends Redstone Era
Skydance Media and Paramount Global agreed to merge.

By The Financial District
Jul 9, 20241 min read


Lawyer Behind U.S. Food Labeling Cases Hit With Fraud Ruling
An attorney known for filing hundreds of food and beverage labeling lawsuits was sanctioned this week by a federal judge in Florida who...

By The Financial District
Jul 9, 20241 min read


Revolut CEO To Sell Part Of Stake In $500 Million Share Sale
British fintech company Revolut's CEO Nikolay Storonsky will cash in part of his multibillion-dollar stake in the company as part of a...

By The Financial District
Jul 9, 20241 min read


Japan Furniture Giant Nitori Opens 100th Store In China
Major Japanese furniture and household goods retailer Nitori Holdings Co., in a drive to accelerate overseas expansion, has announced that..

By The Financial District
Jul 9, 20241 min read


Apple Okays Epic Games' Marketplace App After Initial Rejections
After several rejections, Apple has approved Fortnite maker Epic Games' third-party app marketplace for launch in the European Union (EU).

By The Financial District
Jul 9, 20241 min read


Samsung Expects Profits To Jump By More Than 1,400%
Samsung Electronics expects its profits for the three months to June 2024 to jump 15-fold compared to the same period last year.

By The Financial District
Jul 8, 20241 min read


Meme Stock Speculation Propels Koss Shares 25% Higher
Shares of headphone maker Koss Corp. soared for the second session in a row to end last week, closing at $13.35 a share, after trading as...

By The Financial District
Jul 8, 20241 min read


NASCAR Unveils Its First Electric Racecar
Part of the experience of a NASCAR race is hearing the engine roar, the rumble of each car’s approach, and the zip when it whizzes past at..

By The Financial District
Jul 8, 20241 min read


Cebu Landmasters Fully Sells Out 2nd Project In Davao Worth PHP2.7 Billion In Just 2 Days
Cebu Landmasters Inc. (CLI) has fully sold out its 362-unit Velmiro Heights Davao project in just two days, generating Php2.7 billion in...

By The Financial District
Jul 8, 20241 min read


Canadian Ship And Dock Foremen Union Issues 72-Hour Strike Notice
A union representing ship and dock foremen in Canada's British Columbia has issued a 72-hour strike notice against their employer DP World.

By The Financial District
Jul 8, 20241 min read


John Deere Lays Off 600 Employees From Its U.S. Factories
John Deere announced it will lay off about 600 employees across three US factories as the Illinois-based company shifts production to a...

By The Financial District
Jul 8, 20241 min read


China’s BYD Inaugurates First Plant In Thailand
Chinese automaker BYD inaugurated its first electric vehicle (EV) plant in Thailand last week, as part of the company’s push into South...

By The Financial District
Jul 8, 20241 min read


ACEN Bags US$150-M Green Loan From Foreign Banks For Its Asia-Pacific RE Projects
ACEN, through its subsidiary ACEN Renewables International Pte. Ltd., has successfully secured a US$150 million five-year syndicated green..

By The Financial District
Jul 6, 20242 min read


Nvidia Set To Face French Antitrust Charges, Sources Say
Nvidia is set to be charged by the French antitrust regulator for allegedly anti-competitive practices, people with direct knowledge of...

By The Financial District
Jul 6, 20241 min read


U.S. Awards Moderna $176-M To Produce Bird Flu Vaccine
The US government has awarded $176 million to Moderna to advance the development of its bird flu vaccine.

By The Financial District
Jul 6, 20241 min read


Biden Revoked 8 Licenses For Huawei This Year
The Biden administration has revoked eight licenses this year that had allowed some companies to ship goods to Chinese telecoms equipment...

By The Financial District
Jul 6, 20241 min read


Lufthansa Gets EU Nod To Buy $350-M Stake In Italy's ITA
Lufthansa won EU antitrust approval to buy 41% of ITA Airways for 325 million euros ($350 million) on Wednesday after ceding routes and...

By The Financial District
Jul 6, 20241 min read


Metro Retail Stores Group Bags Another 10 DTI "Gold Bagwis Awards For Excellence"
Metro Retail Stores Group, Inc. (MRSGI) has garnered 10 additional Gold Bagwis honors from the Department of Trade and Industry (DTI).

By The Financial District
Jul 5, 20241 min read


Japanese Exec Held in Myanmar for Selling Rice Above Set Price
Myanmar’s military government has arrested a Japanese business executive, along with dozens of local businessmen, for allegedly selling...

By The Financial District
Jul 5, 20241 min read
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