Electric vehicle maker Tesla to open office in Malaysia
KUALA LUMPUR (Reuters) – Malaysia on Wednesday said electric vehicle (EV) maker Tesla Inc will open an office in the Southeast Asian country and establish …
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Chinese weather balloon maker denies connection to downed spy balloon
BEIJING (Reuters) – Chinese weather balloon manufacturer Zhuzhou Rubber Research & Design Institute said it had no connection to the balloon shot down by the …
U.S. formally ends fight against Meta’s purchase of VR content maker
WASHINGTON (Reuters) -The U.S. government said on Friday it was formally ending its effort to stop Facebook parent Meta Platforms Inc from buying virtual reality …
Australian pallets maker Brambles hikes annual profit outlook; shares jump
By Harish Sridharan (Reuters) -Australian logistics company Brambles Ltd raised its annual earnings outlook on Friday as it offset cost pressures with product price hikes, …
Ray-Ban maker EssilorLuxottica’s sales rise on solid European growth
(Reuters) -Luxury eyewear maker EssilorLuxottica on Thursday reported a rise in fourth-quarter revenues, citing sound growth amid a challenging environment, but its performance in China …
Vietnam’s EV maker VinFast recalls nearly 2,800 units domestically
HANOI (Reuters) – Vietnam’s electric vehicle (EV) maker VinFast is recalling 2,781 of its sports utility model VF8 sold in the domestic market to check …
VR firm Pico, owned by Chinese TikTok maker ByteDance, announces ‘small’ layoffs
By Josh Ye HONG KONG (Reuters) – Pico, a virtual reality (VR) headset manufacturer owned by TikTok’s Chinese developer ByteDance, said on Friday it was …
Exclusive-Starboard to challenge engineering materials maker Rogers’ board -sources
By Svea Herbst-Bayliss NEW YORK (Reuters) – Activist investment firm Starboard Value LP has amassed a sizable stake in Rogers Corp and is seeking seats …
U.S. sanctions board of directors of Iranian drone maker
By Kanishka Singh WASHINGTON (Reuters) -The United States on Friday imposed sanctions on the board of directors of Iranian drone maker Paravar Pars, the U.S. …
Irn-bru maker A.G. Barr sees FY profit, revenue beating expectations
(Reuters) – A.G. Barr said on Tuesday it expects its full-year revenue and profit to beat market expectations, helped by price hikes and steady demand …
Appliance maker Whirlpool’s 2023 profit forecast beats expectations
(Reuters) – U.S. home appliances maker Whirlpool Corp forecast full-year profit above Wall Street estimates on Monday, helped by cost cuts and easing raw material …
Abortion Pill Maker Sues Red States Over Bans: ‘Impacts The Company’s Bottom Line’
Abortion Pill Maker Sues Red States Over Bans: ‘Impacts The Company’s Bottom Line’ Alexa Schwerha on January 25, 2023 A company behind the manufacturing of …
Tank maker Rheinmetall raises sales view, asks Berlin for firm orders
By Anneli Palmen and Christoph Steitz DUESSELDORF/FRANKFURT (Reuters) – German defence group Rheinmetall on Tuesday raised its sales expectations for 2025 on higher demand for …
Protesters clash with police at COVID antigen kit maker factory in China, videos show
SHANGHAI (Reuters) – Protesters clashed with police in central China during a demonstration on Saturday by hundreds of people at a factory producing COVID-19 antigen …
Plane Crash Prompts Engine Maker For Pentagon’s Star Fighter Jet To Halt Deliveries
Plane Crash Prompts Engine Maker For Pentagon’s Star Fighter Jet To Halt Deliveries Micaela Burrow on January 4, 2023 The engine supplier for Lockheed Martin’s …
Fiji’s king maker party SODELPA votes to support opposition coalition
SYDNEY (Reuters) – Fiji’s Social Democratic Liberal Party (SODELPA) said on Friday that it would form a coalition with two other parties, a move that …
Kellogg divests Russian operations to local snacks maker Chernogolovka
(Reuters) -Kellogg Co said on Thursday it has decided to divest its operations in Russia to local snacks and drinks maker Chernogolovka as the company …
Maker Fortnite To Pay Gigantic Fine For Allegedly Violating Children’s Privacy, Duping Players
Maker Of Super Popular Video Game To Pay Gigantic Fine For Allegedly Violating Children’s Privacy, Duping Players John Hugh DeMastri on December 19, 2022 Epic …
Italian brake maker Brembo plans expansion in northern Mexico
MEXICO CITY (Reuters) – Italian premium brakes maker Brembo, which supplies Tesla, Ferrari and other car companies, plans to expand one of its factories in …
Dutch chip equipment maker ASML’s CEO questions U.S. export rules on China -newspaper
AMSTERDAM (Reuters) -The chief executive of ASML Holding NV, the Dutch semiconductor equipment maker, on Tuesday questioned whether a U.S. push to get the Netherlands …
Chocolate maker Barry Callebaut boosts investment in Canadian factory
ZURICH (Reuters) – Swiss chocolate maker Barry Callebaut is investing $70 million at one of its factories in Canada, the company said on Wednesday, its …
Indonesia releases on parole Bali bomb maker Umar Patek – statement
JAKARTA (Reuters) – Indonesia has released on parole Umar Patek, a bomb maker in deadly 2002 Bali attacks, the ministry of law and human rights …
Vietnamese EV maker VinFast to supply 2,500 units to U.S. car subscription service Autonomy
HANOI (Reuters) – Vietnam’s electric vehicle maker VinFast said on Thursday it has struck a deal with U.S. car subscription service Autonomy to supply more …
Toru Kubota, Japanese film maker held in Myanmar, has been freed – Kyodo
TOKYO (Reuters) – Toru Kubota, a Japanese film maker held by authorities in Myanmar since being arrested in July, has been freed, Kyodo news agency …
Mr Kipling maker Premier Foods posts higher half-year adjusted profit
(Reuters) – Premier Foods reported a rise in half-yearly adjusted profit on Wednesday on strong demand for its cakes and grocery products, while flagging further …
Rheinmetall agrees 1.2 billion euro deal to acquire Spanish explosives maker Expal
LONDON (Reuters) -German military equipment manufacturer Rheinmetall said on Sunday it has agreed a deal to acquire Spanish explosives and ammunition maker Expal Systems for …
Carl Icahn owns over 8% stake in beverage-can maker Crown Holdings -WSJ
(Reuters) – Carl Icahn has a more than 8% stake in Crown Holdings Inc, the Wall Street Journal reported on Wednesday, adding that the activist …
China COVID curbs exact wider business toll on Yum, EV maker Nio
SHANGHAI (Reuters) – Chinese electric vehicle maker NIO suspended production at its plants in the eastern city of Hefei as rising COVID-19 cases and China’s …
Dental implants maker Straumann raises 2022 sales outlook
(Reuters) – Swiss dental implants maker Straumann on Wednesday raised its 2022 organic sales growth outlook, citing post-pandemic recovery momentum. The company, which specialises in …
Baby formula maker Perrigo buying Nestle’s Good Start brand, Wisconsin plant
By Jessica DiNapoli NEW YORK (Reuters) – Infant formula manufacturer Perrigo Company Plc said on Tuesday it is buying the Good Start brand and a …
Rocket maker Firefly Aerospace looks to raise up to $300 million -sources
By David Carnevali and Joey Roulette (Reuters) – FireFly Aerospace, the U.S. rocket builder that reached orbit in space this month, joining the likes of …
Mexican tequila maker Cuervo sees improved sales growth
MEXICO CITY (Reuters) – Mexican distiller Becle , better known as the parent company of tequila brand Jose Cuervo, updated its 2022 full-year guidance on …
Chemical maker TPC Group reaches $30 million bankruptcy settlement
By Dietrich Knauth (Reuters) – Bankrupt Texas petrochemical producer TPC Group on Thursday announced a $30 million settlement with junior creditors, including people with injury …
Tequila maker Cuervo Q3 earnings beat forecasts amid price hikes
MEXICO CITY (Reuters) – Mexican distiller Becle, better known as the parent company of tequila brand Jose Cuervo, posted a 29.6% jump in third-quarter net …
Car parts maker Valeo posts slight Q3 sales beat, confirms guidance
(Reuters) – French car parts maker Valeo on Thursday posted third-quarter sales slightly above expectations and confirmed its full-year guidance. Valeo, which specialises in the …
Exclusive-Rocket maker Aerojet solicits acquisition offers -sources
By David Carnevali NEW YORK (Reuters) -Aerojet Rocketdyne Holdings Inc, the U.S. rocket maker whose $4.4 billion sale to Lockheed Martin Corp was blocked by …
Domino’s Awards ‘World’s Fastest Pizza Maker’
Zagros jaff, domino’s 2022 world’s fastest pizza maker Pizza makers from around the world competed for coveted title Las Vegas, NV (-) Domino’s Pizza Inc. …
Russian soft drinks maker to cut back investments, hiring over new sugar tax
MOSCOW (Reuters) – Chernogolovka, a Russian soft drinks producer hoping to seize market share as Western competitors leave, said a proposed new sugary drinks tax …
Special Report: How a US firm supplied networking technology to maker of feared Russian missiles
(publishes to additional subscribers) By Aram Roston and David Gauthier-Villars WASHINGTON (Reuters) – Since Russia annexed Crimea in 2014, American companies have been prohibited from …
Chemical maker Sika sets higher sales goal for 2023, hikes 2022 outlook
By John Revill ZURICH (Reuters) -Sika expects to increase its sales between 15% and 18% next year, the Swiss company said on Tuesday, after raising …
Electric van maker Arrival misses quarterly production goal
By Nick Carey LONDON (Reuters) – British electric van and bus maker Arrival said on Friday it had missed its third-quarter target to start van …
Apple senior exec leaves iPhone maker after remark in viral video
(Reuters) – Apple Inc’s Tony Blevins, a key player in the company’s supply chain operations, is leaving the iPhone maker, the company confirmed on Thursday, …
Irn-bru maker warns of margin pressure as inflation soars
By Sinchita Mitra (Reuters) -The British maker of the orange fizzy drink Irn Bru on Tuesday flagged a hit to its second-half margins as it …
China EV maker Leapmotor set to raise $800 million in Hong Kong IPO
By Scott Murdoch HONG KONG (Reuters) – Chinese electric vehicle (EV) maker Zhejiang Leapmotor Technology is set to raise $800 million by pricing its shares …
Sports car maker Lotus’s tech arm valued at $4.5 billion in fundraising
SHANGHAI (Reuters) – Lotus Technology, the technology arm of sports car brand Lotus, said on Wednesday it had completed a fundraising that valued the business …
FTC seeks more data on Amazon’s $1.7-billion deal for vacuum maker iRobot
(Reuters) – The U.S. Federal Trade Commission (FTC) has asked Amazon.com Inc and iRobot Corp for more information on the e-commerce giant’s $1.7-billion buyout of …
Chip maker Wolfspeed to build new U.S. factory to meet surging EV demand
By Jane Lanhee Lee (Reuters) – U.S. power chip maker Wolfspeed Inc on Friday said it will build a new multi-billion dollar factory in Chatham …
Exclusive-China EV maker Leapmotor puts off $1.5 billion Hong Kong IPO -sources
By Scott Murdoch and Julie Zhu HONG KONG (Reuters) -Chinese electric vehicle maker Zhejiang Leapmotor Technology has shelved a plan to raise $1.5 billion through …
U.S. begins antitrust review of Amazon’s takeover of vacuum maker iRobot – Politico
(Reuters) – The U.S. Federal Trade Commission has begun a review of Amazon.com’s $1.7 billion takeover of robot vacuum maker iRobot Corp to decide if …
Attorney For Uvalde Shooting Victims Will Name Gun Maker, Border Patrol In $27 Billion Lawsuit
Attorney For Uvalde Shooting Victims Will Name Gun Maker, Border Patrol In $27 Billion Lawsuit Trevor Schakohl on August 22, 2022 A lawyer revealed plans …