Amazon and Stellantis partner to deploy smarter cars, cleaner vans
By Joseph White and Gilles Guillaume (Reuters) - Amazon.com Inc and Stellantis NV said Wednesday they will collaborate to develop cars and trucks with Amazon software in the dashboards, and deploy
GM’s electric commercial vehicle unit signs deals with Walmart, FedEx
By Ben Klayman DETROIT (Reuters) - General Motors Co's electric commercial vehicle business, BrightDrop, said on Wednesday it has signed a new deal to supply EVs to retail giant Walmart Inc and
Toyota trims production target, posts Q3 profit fall amid chip crunch
TOKYO (Reuters) -Toyota Motor Corp on Wednesday cuts its annual vehicle production target as a chip shortage crimped vehicle output, posting a 21% fall in third-quarter operating profit to 784.4
South Korea bans exports of strategic items to Russia, joins SWIFT sanctions
SEOUL (Reuters) - South Korea will tighten export controls against Russia, by banning exports of strategic items, and join Western countries' moves to block some Russian banks from the SWIFT
Credit Suisse taps Goldman Sachs partner to lead risk turnaround
By Brenna Hughes Neghaiwi ZURICH (Reuters) -Credit Suisse on Tuesday appointed Goldman Sachs partner David Wildermuth its new chief risk officer, as it seeks to turn the corner on the Archegos and
Exclusive: India starts selling oil from strategic reserves after policy shift
By Nidhi Verma NEW DELHI (Reuters) - India has begun selling oil from its Strategic Petroleum Reserve (SPR) to state-run refiners as it implements a new policy to commercialise its federal storage by
GE says it temporarily paused support of airlines in Russia
CHICAGO (Reuters) -General Electric Co on Wednesday said it has temporarily paused support of airlines in Russia to be consistent with the sanctions imposed by the United States, the United Kingdom
Analysis: Chasing yield, U.S. private equity firms nudge up risk on insurers
June 1, 2021 By Alwyn Scott NEW YORK (Reuters) – Private equity firms have spent nearly $40 billion buying U.S. insurance companies in recent years,...
Drugmakers, pharmacies next targets for U.S. opioid settlements
By Brendan Pierson NEW YORK (Reuters) - With a $26 billion nationwide settlement in sight over claims that the three largest U.S. drug distributors and Johnson & Johnson helped fuel a nationwide
Toshiba investors fret over lack of clarity surrounding vote on breakup plan
By Makiko Yamazaki TOKYO (Reuters) - Toshiba Corp is grappling with difficult decisions as it seeks to muster shareholder support for its plan to split into three companies, with some investors