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…
Engine maker Cummins takes $158 million charge over operations halt in Russia
(Reuters) – U.S. truck engine maker Cummins Inc said on Tuesday it took a $158 million charge in the first quarter related to its suspension of operations in Russia. Cummins said the…
China battery maker CATL suffers profit fall as costs soar
SHANGHAI/HONG KONG -CATL, the world’s largest electric vehicle (EV) battery manufacturer, reported a 23.6% drop in the first quarter profit on Friday, its first fall in two years, as it battles soaring…
Dodge Crowns Chief Donut Maker After Nationwide Competition
After months of anticipation and more than 173,500 applications, the Dodge brand’s search to fill the greatest automotive job in the world came to its supercharged conclusion today. Proving he has the…
Missile maker MBDA off to a good start in 2022 after strong 2021 – executive
ROME – European missile maker MBDA has made a good start to 2022 after record results last year, Executive Group Director for Sales & Business Development Lorenzo Mariani said on Friday. “It’s…
China slowdown concerns dim Ray-ban maker EssilorLuxottica’s first quarter
By Juliette Portala (Reuters) -EssilorLuxottica’s shares slipped on Friday as a downturn in its China business overshadowed the French-Italian eyewear company’s overall better-than-expected first-quarter sales. The group, which makes sunglasses and spectacle…
Marta Hall steps down from sensor maker Velodyne’s board
(Reuters) – Sensor maker Velodyne Lidar Inc said on Thursday that Marta Hall, the wife of founder David Hall, had resigned from its board weeks after the couple sold more than two-thirds…
EV parts maker Schaeffler signs first of a kind European rare earth deal
By Eric Onstad LONDON – German auto parts supplier Schaeffler has signed a raw materials deal to ensure the supply of rare earth magnets from Europe for its burgeoning electric vehicle (EV)…
Dodge Brand Brings the Chief Donut Maker Competition to the Finish Line With a Three-part Reality Web Series Premiering April 19
Dodge brand’s search to fill the “greatest automotive job in the world,” which began this January, is about to come to its head-spinning supercharged conclusion. With more than 173,500 applications submitted for…
Brazil’s Tupy set to buy Traton-owned motor maker MWM, shares soar
By Gabriel Araujo SAO PAULO – Brazilian auto parts company Tupy SA has signed a deal to buy motor maker MWM, formally known as International Industria Automotiva da America do Sul, Tupy…
Taiwan iPhone maker Pegatron suspends operations at two China plants
TAIPEI -Taiwan’s Pegatron Corp, which assembles iPhones for Apple Inc, said on Tuesday it had suspended operations at its Shanghai and Kunshan plants in China due to the government’s strict COVID-19 protocols.…
Explainer: How is Japan’s government connected with Russia’s biggest cigarette maker?
By Rocky Swift TOKYO – Japan’s government has severed banking and trade ties with Russia over Moscow’s invasion of Ukraine, but a tobacco company in which it owns a one-third stake is…
Oreo maker Mondelez says Ukrainian biscuit factory suffered ‘significant damage’
By Jessica DiNapoli NEW YORK – Oreo cookie maker Mondelez International Inc said its plant in Trostyanets, a town in eastern Ukraine, has suffered “significant damage” because of military action due to…
Irn-Bru maker won’t rule out more price hikes as inflation bites
By Sinchita Mitra (Reuters) – The maker of Scottish soft drink Irn-Bru will keep prices unchanged for the next six months but won’t rule out future price hikes given Britain’s high inflation,…
Cement maker Holcim to quit Russian market
ZURICH – Holcim is exiting the Russian market, the world’s biggest cement-maker said on Tuesday, the latest western company to quit the country following Moscow’s invasion of Ukraine. “The Holcim Board of…
Yacht maker Ferretti raises $243 million in Hong Kong IPO
SYDNEY – Italian luxury yacht maker Ferretti Group has priced its shares at HK$22.88 each, the lower end of its proposed range, to raise HK$1.9 billion ($242.75 million) in its Hong Kong…
Marlboro maker Philip Morris working on options to exit Russia market
– Marlboro maker Philip Morris International Inc said on Thursday it was working on options to exit the Russian market after Moscow’s invasion of Ukraine. The cigarette maker, which brought in around…
Russian car maker Avtovaz partially halts production over shortages
– Top Russian carmaker Avtovaz said on Monday it was partially halting production at its plants in Togliatti and Izhevsk on March 21-25 due because of to shortages of electronic parts. Avtovaz,…
China’s ev maker Xpeng will raise prices from March 21
BEIJING – Chinese Energy Vehicle Maker Xpeng Inc said on Friday it will raise its prices for on-sale vehicles before subsidy from March 21 due to the rising costs of raw materials.…
EV maker ELMS to lay off about 24% of employees
– U.S. commercial electric vehicle maker Electric Last Mile Solutions Inc (ELMS) will lay off about 24% of its staff as it looks to focus on its core business and become leaner,…
Canadian business jet maker Bombardier suspends all activities with Russian clients
MONTREAL – Business jet maker Bombardier Inc said on Friday it has suspended all activities with Russian clients, as more companies cut ties in the country following the introduction of sweeping sanctions…
Ben & Jerry’s is sued by Israeli ice cream maker over boycott
By Jonathan Stempel NEW YORK – Ben & Jerry’s was sued on Thursday by its longtime Israeli ice cream manufacturer, which said the company illegally severed their 34-year relationship after halting sales…
Jack Daniel’s maker Brown-Forman pauses hiring in Russia
– Jack Daniel’s maker Brown-Forman Corp said on Thursday it has paused hiring for its own distribution business in Russia following the country’s invasion of Ukraine. The company, which gets about 1%…
Smirnoff vodka maker Diageo pauses exports to Ukraine and Russia
LONDON – Spirits company Diageo, the maker of Smirnoff vodka and Guinness, has paused exports to Ukraine and Russia, the company said on Thursday. “Our priority is the safety of our people…
Auto parts maker Aptiv recently shifted high-volume production from Ukraine -CEO
– Aptiv Plc shifted high-volume production of parts for vehicles out of Ukraine over the past couple months ahead of possible hostilities, the auto parts maker’s chief executive said. “Over the course…
Airbus and engine maker CFM to test hydrogen plane propulsion
By Tim Hepher PARIS – Airbus said on Wednesday it would build a demonstrator to test propulsion technology for future hydrogen airplanes in co-operation with French-U.S. engine maker CFM International. The planemaker…
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