Category Archives:
Blackstone buys majority stake in shapewear maker Spanx
(Reuters) - Investment firm Blackstone Inc said on Wednesday it would buy a majority stake in Spanx, valuing the underwear maker at $1.2 billion. Spanx founder and Chief Executive Officer Sara Blakely...
Oct 20, 2021
Make mine a litre: How whisky waste can power your car
By Stuart McDill EDINBURGH (Reuters) - A Scottish biotech company has found a way of turning on its head the adage that drinking and driving should never mix - by developing a fuel for cars that uses ...
Oct 20, 2021
America Movil says ready to launch 5G in Mexico; plans to sell Tracfone this year
MEXICO CITY (Reuters) - Mexican telecommunications giant America Movil said on Wednesday that it was "ready" to launch a 5G market in Mexico and that it expects to close a deal to sell its Tracfone un...
Oct 20, 2021
Exxon board debates dropping several major oil and gas projects – WSJ
(Reuters) - Exxon Mobil Corp board is debating whether to continue with several major oil and gas projects amid a global push from investors for fossil fuel companies to be more cost-conscious and gre...
Oct 20, 2021
U.S. takes aim at China’s ‘unfair trade practices’ at WTO review
GENEVA (Reuters) - The United States said on Wednesday that China's industrial policies "skew the playing field" against imported goods and services, as well as their foreign providers, and that Washi...
Oct 20, 2021
Logistics tech firm Flock Freight turns unicorn after SoftBank-led funding
(Reuters) - U.S. logistics technology firm Flock Freight said on Wednesday it had reached a valuation of more than $1 billion, after raising $215 million in a funding round led by SoftBank Vision Fund...
Oct 20, 2021
Short-seller Hindenburg offers $1 million for info related to cryptocurrency Tether
(Reuters) - Short-seller Hindenburg Research, which in recent months has taken aim at firms including Nikola Corp and DraftKings Inc, announced a reward of up to $1 million for information on the rese...
Oct 20, 2021
Alphabet’s Wing project will unveil new drone delivery model in Texas
WASHINGTON (Reuters) - Alphabet Inc's Wing drone project said Wednesday that Walgreens will use its new platform to fulfill deliveries at a store in Texas. Wing said it will launch the effort at a Dal...
Oct 20, 2021
Supply chain chaos set to extend further, port operator ICTSI says
By Jonathan Saul LONDON (Reuters) - The world faces "very prolonged" disruptions to shipping cargo flows, an executive at leading ports operator ICTSI said, as logistical headaches such as truck short...
Oct 20, 2021
U.S. Naval base in Maryland on lockdown over bomb threat and active shooter investigation
(Reuters) - U.S. Naval Support Activity Bethesda in Maryland was on lockdown on Wednesday due to a bomb threat and an active shooter investigation, the naval base said on Twitter. All personnel were o...
Oct 20, 2021
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