A provided image of Oliver Blume, CEO of Volkswagen Group and RJ Scaringe, founder and CEO of Rivian, as the companies announce joint venture plans on June 25, 2024. Courtesy: Business Wire Rivian Automotive and Volkswagen Group have released details of their previously announced joint venture ahead of the operations launching Wednesday. The companies in a joint press release Tuesday said the size of the deal is now up to
Archbishop Justin Welby stepped down under pressure over allegations that he had failed to act adequately against a serial child abuser. Source link
A Hull factory will supply wind turbine blades for Scottish Power in a contract worth more than £1bn. Siemens Gamesa will manufacture the blades for 64 turbines, which will be installed at the East Anglia TWO windfarm off the Suffolk coast. Darren Davidson, UK head of Siemens Energy and Siemens Gamesa, said the deal would allow the firm to plan for the long term in Hull and was a “real
(Reuters) – The U.S. Justice Department is moving to block UnitedHealth Group (NYSE:)’s $3.3 billion purchase of Amedisys Inc (NASDAQ:). over concerns the deal would harm competition in the market for home health services, Bloomberg News reported on Tuesday, citing people familiar with the matter. Source link
By Richa Naidu LONDON (Reuters) – Nestle (NS:)’s KitKat brand has signed a global sponsorship deal with Formula 1 as new Chief Executive Laurent Freixe seeks to change the way the world’s biggest food company markets its core, multi-billion-dollar brands. A senior executive told Reuters exclusively that the Formula 1 deal had been struck to cover the period between late 2025 and 2028, and the aim was to improve KitKat’s
Investing.com — Aquis Exchange Plc’s (LON:) stock more than doubled on Monday (NASDAQ:) after the takeover announcement by SIX Swiss Exchange. The deal places Aquis’ valuation at £194 million, marking a significant premium over recent trading values. This move comes as SIX seeks to expand its reach in the European market, broadening its service offerings across asset trading, market data, and technology solutions. In a joint statement, SIX said that
(Reuters) – Australian battery maker Novonix said on Monday (NASDAQ:) it had signed a binding off-take agreement with automaker Stellantis (NYSE:) to supply high-performance synthetic graphite material to its cell manufacturing partners in North America. As part of the agreement, the Brisbane-headquartered firm will supply a minimum of 86,250 metric tons, up to a target volume of 115,000 metric tons of synthetic graphite from its Riverside facility in Chattanooga, Tennessee,
Investing.com — Merger and acquisition (M&A) activity in 2024 has surged after a prolonged slump, marking a substantial recovery following a period of low momentum in 2022 and 2023. Analysts at Wells Fargo (NYSE:) report that both the value and volume of M&A deals have notably increased over the year, driven by a confluence of economic factors that have helped create a favorable environment for transactions. Wells Fargo estimates that
