EV maker Fisker slashes 2023 production target
(Reuters) – Electric-vehicle maker Fisker (NYSE:FSR) said on Friday it will scale down production this month, and produce lesser cars…
Signify to cut jobs in revamp to save 200 million euros annually
(Reuters) – Signify is to cut jobs as part of a restructuring that is targeting annual savings of 200 million…
Bank of Montreal misses profit estimates as rainy-day funds grow
(Reuters) – Bank of Montreal on Friday reported a smaller than expected quarterly profit, pressured by rising expenses and as…
Apple and Paramount in talks to bundle their streaming services at a discount
Apple (NASDAQ:AAPL) and Paramount Global (PARA) are reportedly in early discussions to bundle their streaming services at a discounted rate,…
UK High Court endorses CMA’s right to investigate Apple
The UK High Court has reinstated the Competition and Markets Authority’s (CMA) ability to continue its investigation into Apple Inc…
US opens probe into 73,000 Chevrolet Volt cars over loss of power
(Reuters) – A U.S. auto safety regulator said on Friday it is opening an investigation into 73,000 Chevrolet Volt plug-in…
First Quantum starts international arbitration on Cobre Panama mine
(Reuters) – First Quantum Minerals (OTC:FQVLF) will suspend its current-year production outlook for the Cobre mine in Panama and has…
Dow futures edge higher; Powell speech, ISM manufacturing data in focus
U.S. stock futures traded in a muted fashion Friday, as investors took a breath after a stellar November, ahead of…
Alibaba stock slips as Morgan Stanley downgrades after ‘negative developments’
Alibaba (NYSE:BABA) shares fell more than 1.3% in pre-market Friday trade after Morgan Stanley analysts downgraded shares to Equal Weight…
Oil prices recover from slump after underwhelming OPEC+ cuts
(Reuters) – Oil prices pared losses on Friday, after falling sharply in early trade and by over 2% on Thursday…