Exclusive-Silver Lake, Bain prepare to bid for multi-billion stake in Intel’s Altera unit
Buyout firms Silver Lake and Bain Capital are among the potential suitors that are likely to compete to acquire a…
Musk now says it’s ‘pointless’ to build a $25,000 Tesla for human drivers
Six months later, Musk appears to have backed into an admission that Tesla dropped its plans for a human-driven…
Spirit Aero raises doubts over ability to continue as going concern
-Spirit AeroSystems, a key supplier to U.S. planemaker Boeing, warned on Tuesday there was “substantial doubt” the company would be…
US agency ends investigation into Ford engine failures after recall and warranty extension
DETROIT (AP) — The U.S. government’s auto safety regulator has ended a 2 1/2-year investigation into Ford engine failures after…
Three years of roaring oil prices could be coming to an end
Ever since Russia invaded Ukraine in February 2022 and oil prices soared around the globe, the oil industry has enjoyed…
Goldman Strategists See Little Chance of Post-Poll Bear Market
The US stock market is unlikely to head into a bear market in the next 12 months, with a resilient…
Boeing machinists’ bumper pay packet is just the latest win for unionized workers
Striking Boeing workers voted to accept a deal with a 38% pay rise. The latest big victory for US labor…
North Korean troops in Russia are shelled by Ukrainian forces
North Korean troops recently deployed to help Russia in its war with Ukraine have come under Ukrainian fire, a Kyiv…
A Nvidia partner’s stock surged because Nvidia wants chips faster
An Nvidia (NVDA) partner in South Korea saw its shares surge Monday after it said the U.S.-based chipmaker wants chips…
Toyota to post first profit drop in 2 years as demand cools after big run
Toyota Motor is expected to post its first profit drop in two years when it reports second-quarter earnings on Wednesday,…