Millionaire Maker and Shaq Scratch-Off lead big wins for New Jersey players
TRENTON, NJ — A $2 million win on the Millionaire Maker Scratch-Off game topped an exciting week of big lottery wins across New Jersey, with players claiming significant prizes on several Scratch-Off…
Chinese Communist-Linked Battery Maker Breaks The Bank On Lobbying Amid Congressional Scrutiny
A Chinese Communist Party-linked company planning to build electric vehicle battery factories inside the U.S. has already spent over $1 million on lobbying in 2024, according to public disclosures. Battery manufacturing company Gotion…
Electric Vehicle Maker Launches Another Round Of Layoffs As Demand Slows
Electric vehicle (EV) manufacturer Rivian announced its second round of layoffs just this year on Wednesday as consumer demand for EVs stalls. The layoffs at Rivian will affect around 1% of the…
Chinese Communist-Linked Battery Maker Tries To Evict Michigan Man From Land
A Chinese Communist Party-linked battery manufacturing giant is suing a Michigan man in a bid to get him off land near which the company plans to build its plant. Gotion Inc., a…
Top Chinese EV Maker Posts Massive Profits Amid Quest To Sneak Into US Market
BYD, China’s top electric vehicle (EV) maker, recorded a substantial increase in profits in its 2023 annual report published on Tuesday. BYD previously dethroned billionaire Elon Musk’s Tesla as the worldwide industry…
Water heater maker A. O. Smith quarterly profit beats estimates
(Reuters) – A. O. Smith beat fourth-quarter profit estimates on Tuesday, helped by strong demand for its water heaters in North America. The Milwaukee, Wisconsin-based company also benefited from a shift towards…
EV maker VinFast to invest in Philippines this year
HANOI (Reuters) – Vietnamese electric vehicles maker VinFast will open an EV business network in the Philippines, its parent company Vingroup said on Tuesday, in an announcement during the visit of President…
Hometown Food Company, maker of Pillsbury baking products, up for sale-sources
By Abigail Summerville (Reuters) – The private equity firm that owns Hometown Food Company is exploring a sale of the maker of Pillsbury’s shelf-stable baking products and Birch Benders, according to people…
Hot sauce maker McCormick forecasts weak 2024 on falling sales volumes
(Reuters) – McCormick on Thursday forecast its annual sales and profit below Wall Street estimates, hit by lower sales volumes as consumers traded down to cheaper private label alternatives for spices and…
Sensor maker TE Connectivity beats profit estimates, forecasts robust Q2 earnings
(Reuters) – TE Connectivity Ltd on Wednesday provided an upbeat forecast for second-quarter profit after reporting a better-than-expected quarterly profit, helped by component demand from electric vehicle makers. Shares of the Switzerland-based…
Coatings maker PPG Industries beats fourth-quarter profit estimates
(Reuters) – PPG Industries beat Wall Street estimates for fourth-quarter profit on Thursday, as the industrial coatings maker benefited from increased sales of vehicles as well as strength in its aerospace segment.…
Wilsons tennis racket maker Amer Sports aims to price $1 billion US IPO by end of month -sources
By Scott Murdoch SYDNEY (Reuters) – Wilsons tennis racket maker Amer Sport is planning to price its $1 billion U.S initial public offering (IPO) by the end of January, according to two…
EV maker Lucid recalls over 2,000 luxury sedans due to faulty component
(Reuters) – Lucid Group is recalling more than 2,000 units of its Air luxury electric sedan for potential faults in early versions of a part that could pose a safety risk due…
Stellantis to invest in French sodium-ion battery maker for EV output
PARIS (Reuters) – Stellantis announced on Friday that it is investing in French sodium-ion battery startup Tiamat to diversify its portfolio and mass-produce electric vehicles while reducing exposure to scarce resources. The…
Vietnam EV maker VinFast names founder as CEO, replaces CFO
By Phuong Nguyen HANOI (Reuters) -Vietnamese electric vehicle (EV) maker VinFast on Saturday named its founder and biggest financial backer, Pham Nhat Vuong, as chief executive as it plans an ambitious overseas…
Wilson tennis racket maker Amer Sports files for US IPO
By Manya Saini (Reuters) -Wilson tennis racket maker Amer Sports on Thursday revealed a 30% revenue surge for the first nine months of 2023 in its filing to go public in the…
Fuel maker XCF Global Capital to go public in $1.75-billion SPAC deal
(Reuters) – XCF Global Capital has agreed to go public via a merger with special purpose acquisition company (SPAC) Focus Impact BH3 Acquisition, in a deal that values the sustainable fuels producer…
EV maker VinFast launches first dealership in the US
HANOI (Reuters) – Vietnamese electric vehicle (EV) maker VinFast has launched its first partnership with a U.S.-based dealer, North Carolina-based Leith Automotive Group, its latest effort to ramp up sales in the…
Door maker Masonite to acquire PGT Innovations in $3 billion deal
(Reuters) – Door maker Masonite International said on Monday it will acquire PGT Innovations, a manufacturer and supplier of windows and doors, for $3 billion in a bid to expand its business.…
Greek-yogurt maker Chobani buys coffee company La Colombe for $900 million
(Reuters) – Greek-yogurt maker Chobani said on Friday it had bought ready-to-drink coffee maker La Colombe for $900 million to expand its beverage business. Chobani said it bought the Philadelphia-based company through…
Yazidis, led by Nobel winner, sue French cement maker over ISIS support
By Michelle Nichols NEW YORK (Reuters) – Hundreds of Yazidi-Americans, led by Nobel Peace Prize winner Nadia Murad, filed a lawsuit against French cement maker Lafarge on Thursday, accusing it of conspiring…
EV maker Lucid’s CFO Sherry House to step down
(Reuters) – Lucid Group on Monday said Sherry House would be stepping down as its finance chief, effective immediately, to pursue other opportunities. The luxury electric car maker said Gagan Dhingra, who…
US DFC considers $500 million loan to Vietnamese EV maker VinFast
HANOI (Reuters) – The United States International Development Finance Corporation (DFC) has signed a letter of interest with electric vehicles maker VinFast to consider the Vietnamese company’s application for a $500 million…
Exclusive-Japan robot maker Yaskawa eyes $200 million US investment
By Sam Nussey and Miho Uranaka TOKYO (Reuters) – Japanese robot maker Yaskawa Electric is considering investing around $200 million in the United States, its president said, with an eye to making…
ChatGPT maker OpenAI ousts CEO Sam Altman
By Jeffrey Dastin, Anna Tong, Samrhitha A and Krystal Hu (Reuters) – The board of the company behind ChatGPT on Friday fired OpenAI CEO Sam Altman – to many, the human face…
Agri chemicals maker FMC looking to sell non-core assets
(Reuters) – Crop protection products maker FMC Corp has launched a strategic review of its non-core assets, including a potential sale of its non-crop business. A slowdown in demand for herbicide and…
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