Auto parts maker Marelli to discuss Italian plant closure with unions
MILAN (Reuters) – Auto parts maker Marelli will consult unions on a plan announced this week to shut one of its plants producing components for …
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CCP-Linked Battery Maker Eligible For $7.5 Billion In Biden Bucks, Analysis Finds
CCP-Linked Battery Maker Eligible For $7.5 Billion In Biden Bucks, Analysis Finds Nick Pope on September 19, 2023 A company linked to the Chinese Communist …
Exclusive-U.S. sports league caps maker New Era prepares for IPO-sources
By Abigail Summerville, Echo Wang and Anirban Sen NEW YORK (Reuters) – New Era Cap LLC, a supplier of major U.S. sports league headware, has …
Wilson tennis racket maker Amer Sports files for US IPO – Bloomberg News
(Reuters) -Amer Sports, the maker of Wilson tennis rackets and Salomon ski boots, has confidentially filed for a U.S. initial public offering (IPO) that could …
Vitamin maker MaryRuth Organics explores sale-sources
By Abigail Summerville NEW YORK (Reuters) – MaryRuth Organics LLC is exploring options including a sale that could value the maker of health supplements at …
Jif peanut butter maker J.M. Smucker lifts profit forecast on higher prices, lower costs
(Reuters) – Jif peanut butter maker J.M. Smucker on Tuesday raised its annual profit forecast on higher prices of its jams, jellies and pet food …
Abortion pill maker loses bid to block West Virginia’s abortion ban
By Brendan Pierson (Reuters) – GenBioPro Inc, which sells a generic version of the abortion pill mifepristone, has lost a bid to overturn West Virginia’s …
Pet-food maker Freshpet appoints activist investor’s director nominee to board
(Reuters) – Pet food company Freshpet Inc said on Monday it has reached an agreement with Jana Partners and appointed Timothy McLevish, one of the …
EV maker Canoo posts smaller-than-expected loss on lower costs
(Reuters) – Electric-vehicle maker Canoo posted a smaller-than-expected quarterly loss on Monday on lower research and development costs, sending its shares up 2% in extended …
North Korea Gov’t Group Hacked Russian Missile Maker, Despite Kim’s Promise Of ‘Full Support’ To Putin: REPORT
North Korea Gov’t Group Hacked Russian Missile Maker, Despite Kim’s Promise Of ‘Full Support’ To Putin: REPORT Jake Smith on August 7, 2023 North Korean …
Auto parts maker Vimercati to open $200 million plant in Mexico, state governor says
By Brendan O’Boyle MEXICO CITY (Reuters) – Auto parts maker Vimercati will invest $200 million to open a plant in the northern Mexican state of …
Beer cans maker Ball misses revenue estimates on disruption at major customer
(Reuters) – Ball Corp fell short of Wall Street estimates for second-quarter revenue on Thursday as the world’s largest supplier of beer cans was hit …
European battery maker ACC in ‘exploratory’ talks about North America battery plant
By Divya Rajagopal and Gilles Guillaume TORONTO/PARIS (Reuters) – Automotive Cells Co (ACC) is in early talks with officials in Canada and the United States …
Jose Cuervo maker maintains annual guidance, upbeat on coming months
MEXICO CITY (Reuters) – Mexican distiller Becle, the world’s largest tequila producer, said on Friday that it maintained its guidance of annual sales in the …
Building materials maker Holcim banking on U.S. reshoring boom
ZURICH (Reuters) -Holcim said on Thursday it expects to set another record for sales from North America this year as the world’s biggest cement maker …
Bud Light maker to lay off hundreds of US corporate staff after sales slump – CNN
(Reuters) – Anheuser-Busch InBev, whose Bud Light sales have recently slumped in the United States, will lay off hundreds of corporate staff in the country, …
Stellantis CEO says Tesla margins hurt as EV maker faces reality check
MILAN (Reuters) – Stellantis head Carlos Tavares said on Wednesday that the profitability of Tesla was declining as the rival U.S. automaker entered the real …
Brazil motor maker WEG posts Q2 net profit up 50%
SAO PAULO (Reuters) – Brazilian motor maker WEG SA reported a 50% jump in net profit, saying that “good demand” in the main regions where …
French car maker Renault first-half sales jump 13%
(Reuters) -French car maker Renault on Wednesday said its worldwide sales rose 13% in the first six months of the year, with a 24% increase …
Energy drink maker Alani Nu explores options including sale
By Abigail Summerville and Anirban Sen NEW YORK (Reuters) – Alani Nu, the energy drinks and snack maker founded by personal trainer and social media …
Mining gear maker Epiroc upbeat on outlook after profit jump
By Marie Mannes STOCKHOLM (Reuters) -Swedish mining equipment maker Epiroc expects to benefit from continuing high demand in the near term, it said on Tuesday …
Chocolate maker Barry Callebaut’s sales fall on low demand
(Reuters) -Barry Callebaut, the world’s biggest chocolate maker, on Thursday reported lower nine-month sales volumes than a year ago as customer demand dropped in an …
EV truck maker Nikola to pull the plug on battery supplier Romeo
(Reuters) – Nikola Corp will start liquidating the assets of battery maker Romeo Power, the electric truck maker said on Monday, less than a year …
Skittles maker Wrigley settles with cannabis company over trademark
By Jonathan Stempel (Reuters) – Wrigley, the maker of multi-colored fruit-flavored Skittles candies, has settled a lawsuit accusing a seller of cannabis-related merchandise of trademark …
Cyanide maker Draslovka mulls equity raise to drive new mining technology
By Jan Lopatka PRAGUE (Reuters) – Cyanide maker Draslovka is considering an equity fundraising worth hundreds of millions of dollars support the roll out of …
Taxpayers Shelled Out Millions To Boost Electric Vehicle Maker That Just Went Belly Up
Taxpayers Shelled Out Millions To Boost Electric Vehicle Maker That Just Went Belly Up Will Kessler on June 27, 2023 Electric Vehicle maker Lordstown Motors …
CBP officers seize 146 pounds of cocaine hidden in ice cream maker
EL PASO, Texas – U.S. Customs and Border Protection officers working at the Bridge of the Americas cargo facility intercepted 146 pounds of cocaine. The …
Italian yacht maker Ferretti’s shares admitted to Euronext Milan
ROME (Reuters) – Italy’s Chinese-owned luxury yacht maker Ferretti said on Tuesday its shares have been admitted to Borsa Italiana’s Euronext Milan exchange. Share trading, …
Air taxi maker races to serve Paris Olympics as sector struggles for funds
By Allison Lampert, Joanna Plucinska and Maiya Keidan PARIS/TORONTO (Reuters) -A year ahead of the Paris Olympics, flying taxi maker Volocopter wants to prove to …
EV maker Rivian sees stable demand through the year – CFO
(Reuters) -Electric vehicle maker Rivian Automotive expects demand for its pickups and sport-utility vehicles to remain stable through the year, it’s finance chief said, even …
Goldman Sachs: “Fully orthodox” policy maker could raise Turkey rates to 40%
LONDON (Reuters) – Goldman Sachs said on Friday the appointments of Mehmet Simsek as Turkish finance minister and Hafize Gaye Erkan as central bank governor …
EV maker Faraday Future launches limited edition FF 91 2.0 for $309,000
(Reuters) – Electric vehicle (EV) startup Faraday Future Intelligent Electric launched its limited edition FF 91 2.0 Futurist Alliance vehicle on Tuesday, priced at $309,000. …
Chemical maker Dow signs supply agreement for bio-plastic materials
(Reuters) – U.S. chemical maker Dow Inc said on Thursday it had signed a long-term supply agreement with bio-conversion company New Energy Blue for plastic …
Biden Admin Pulls The Plug On $200 Million Grant To China-Backed EV Battery Maker
Biden Admin Pulls The Plug On $200 Million Grant To China-Backed EV Battery Maker John Hugh DeMastri on May 23, 2023 The Biden administration has …
EV maker Fisker is exploring collaboration with other companies, CEO says
By Victoria Waldersee and Joseph White MUNICH (Reuters) – Electric car maker Fisker Inc is exploring collaboration with other companies to scale up market share …
Airbus says engine maker Pratt facing problems with jet support
PARIS (Reuters) – The head of planemaker Airbus said on Wednesday U.S. engine maker Pratt & Whitney has been struggling to support its fleet of …
Bleach maker Clorox raises annual forecasts on higher prices
By Granth Vanaik and Jessica DiNapoli (Reuters) – Clorox Co raised its annual sales and profit forecasts on Tuesday, banking on higher product prices that …
Cornetto maker Unilever’s ice cream sales melt amid private label shift
By Richa Naidu LONDON (Reuters) – Unilever’s store ice cream brands, which include Ben & Jerry’s and Magnum, are losing market share to supermarket own-brands …
Appliance maker Whirlpool’s results beat on N. America strength
(Reuters) – Whirlpool Corp on Monday reported better-than-expected results for the first quarter, mainly on the back of strong demand for its refrigerators and washing …
China EV maker BYD to build $290 million battery component plant in Chile
HONG KONG (Reuters) – China’s BYD Co Ltd, the world’s largest electric vehicle (EV) maker, plans to build a $290 million lithium cathode factory in …
Factbox-Tesla’s Shanghai plant, targeted by worker protest, is key hub for EV maker
(Reuters) – Workers from Tesla’s Shanghai factory have taken the unusual step of posting on social media to appeal to Elon Musk and the Chinese …
Angry Birds maker Rovio confirms talks with Sega over tender offer
(Reuters) – Rovio Entertainment, the company behind the mobile game Angry Birds, confirmed on Saturday that it is in talks with Japan’s Sega Sammy Holdings …
High-tech French army truck maker sees demand for low-tech artillery components
By Clotaire Achi LIMOGES, France (Reuters) – French armoured truck maker Arquus, specialised in manufacturing high-tech off-road military vehicles, has gone back to producing more …
Corona beer maker Constellation sees 2024 profit above estimates on price hikes
(Reuters) – Constellation Brands Inc forecast full-year profit above Wall Street estimates on Thursday, benefiting from price increases aimed at combating elevated costs and strong …
Ammo Maker Says It Can’t Expand Because TikTok Videos Are Hogging All The Power
Ammo Maker Says It Can’t Expand Because TikTok Videos Are Hogging All The Power Micaela Burrow on March 27, 2023 A leading ammunition manufacturer said …
Pizza maker wins $50,000 on lottery scratch-off ticket
HYATTSVILLE, MD – A pizza maker from Hyattsville played the $50,000 Cash scratch off game from Maryland Lottery and hit the jackpot. According to the …
Indonesian fertiliser maker Pupuk Kaltim eyes major expansion
By Gayatri Suroyo and Fransiska Nangoy JAKARTA (Reuters) – Southeast Asia’s biggest urea fertiliser maker PT Pupuk Kalimantan Timur (Pupuk Kaltim) plans to invest at …
U.S. sanctions China-based network accused of supplying Iran drone maker
By Daphne Psaledakis and Michelle Nichols WASHINGTON (Reuters) -The United States on Thursday imposed sanctions on a China-based network over accusations it has shipped aerospace …
EV maker Polestar’s Q4 loss narrows, won’t engage in price wars
By Marie Mannes (Reuters) – Electric vehicle (EV) maker Polestar on Thursday posted a smaller quarterly loss, maintained its 2023 production outlook and said it …
Vespa maker Piaggio upbeat on 2023 after record results last year
(Reuters) – Italian motorbike and scooter maker Piaggio said on Thursday it was confident about its 2023 targets despite a challenging macroeconomic and geopolitical backdrop, …