Stock Market

UK’s BII to invest in Mahindra EV unit; shares rocket

Mahindra and Mahindra Ltd. and British International Investment (BII) will each invest $250 million in the automaker’s new electric car…

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Samsung Electro-Mechanics has said that it is in touch with Tesla about possibly supplying camera modules.

(Reuters)-SEOUL Samsung (KS:005930) Electro-Mechanics said on Friday that it is in talks with Tesla (NASDAQ:TSLA) Inc about possibly supplying camera…

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Asian stocks go up as some worries about a recession fade.

Asia-On Friday morning, stocks in the Pacific were up. This followed a rally in the U.S., which was caused by…

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Spirit puts off a vote on a deal with Frontier so it can keep talking with Frontier and JetBlue.

(Reuters) – Spirit Airlines (NYSE:SAVE) said it will delay a shareholder vote on its $2.4 billion sale to Frontier Group…

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Kuehne, a German investor, ups his share of Lufthansa to 15%.

Frankfurt (Reuters) -Lufthansa said late Wednesday that Klaus-Michael Kuehne, a German logistics entrepreneur, has raised his share of Lufthansa from…

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According to the WSJ, Merck is close to a deal to buy Seagen for almost $40 billion.

(Reuters) -The Wall Street Journal reported on Wednesday that drug company Merck & Co. is in advanced talks to buy…

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Exxon sends the first shipment of fuel made from sustainable sources to Singapore Changi Airport.

(Reuters) – SingaporeExxon Mobil Corp. (NYSE:XOM) said on Thursday that it had sent the first shipment of sustainable aviation fuel…

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Ben & Jerry’s sues its parent company, Unilever, to stop the sale of an Israeli company.

New York (Reuters) -Ben & Jerry’s sued its parent company, Unilever Plc (NYSE:UL), on Tuesday to stop the sale of…

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The Dutch airline KLM was sued because of some of its ads.

LONDON/AMSTERDAM (Reuters) -Environmental groups are suing Air France KLM (OTC: AFLYY)’s Dutch branch for an ad campaign that they claim…

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As the Chapter 11 court date approaches, a larger number of SAS flights are grounded due to the ongoing pilot strike.

Stockholm (Reuters) – The Scandinavian airline SAS entered its third day of a devastating pilot strike on Wednesday, cancelling well…

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