US-EU metal talks ward off tariff hike fears on American motorcycles, whiskey

18-05-2021
Brussels and Washington said in a joint statement on Monday that the allies and market-oriented economies, would not escalate their disputes over tariffs on US steel and aluminum

Southfield's AlixPartners says chip shortage to cost carmakers $110bn in revenues

17-05-2021
Consultancy firm AlixPartners said in a report later last week that the latest shortage of chips would likely to cost automakers as many $110 billion in revenues this year

San Francisco’s Airbnb bookings jump 52% as vaccination spurs vacation rental demand

17-05-2021
Airbnb Inc. had reported a 52 per cent jump on its first-quarter bookings compared to the same time a year earlier

Cairn sues Air India to enforce $1.2bn arbitration award on retrospective tax dispute

16-05-2021
Cairn Energy had filed a lawsuit against Air India on Friday in a district Court in the US to enforce a $1.2 billion arbitration award plus interests, which the British energy giant had been awarded on December last year

Atlanta beverage maker Coca-Cola discontinues energy drink in Norther America

16-05-2021
Coca-Cola Co. said in a statement on Friday that it would no longer continue its energy drink business in Northern America

Montreal’s Canadian National beats CP with $33.6bn Kansas City Southern bid

15-05-2021
On Friday, US railway operator Kansas City Southern said that it had agreed to a $33.6 billion cash-and-stock buyout deal from Canadian National Railway Co, ditching out a $25 billion merger deal with Canadian Pacific

Bentonville’s Walmart says fully vaccinated employees can go without masks Tuesday

15-05-2021
Late on Friday, Walmart Inc. said in a memo that its fully vaccinated employees could resume work without a face mask from next Tuesday

Foxconn sees Q2 surge after first-quarter profit jumps 45% amid work-from-home boom

15-05-2021
Taiwanese contract electronics manufacturer Foxconn had reported a 45 per cent jump in first-quarter profits on Friday

Hyundai to invest $7.4 billion in the US by 2025 with electric vehicle in focus

15-05-2021
Hyundai, the second-largest family-owned conglomerate in S. Korea, said on Thursday that the company would invest as many as $7.4 billion in the United States by 2025

Mountain View’s Google wins SpaceX cloud deal for Starlink internet service

14-05-2021
Google LLC. said on Thursday that the tech conglomerate had won a SpaceX cloud deal for Starlink internet service

Seattle’s Amazon to hire 75,000 workers, offers $100 for vaccination proof

14-05-2021
On Thursday, Seattle retailer Amazon.com Inc. said in a statement that it would offer an additional $100 for new hires with vaccination proofs

Montreal’s Canadian National to sweeten takeover deal for KCS as bidding war heats up

14-05-2021
Canadian National had been exploring an option to sweeten up its $29.55 cash-and-stock takeover deal for Kansas City Southern

Seattle's Amazon wins $303mln court fight in blow to EU competition chief Vestager

13-05-2021
On Wednesday, dealing a fresh blow to EU Competition Commission, Amazon won a $303 million court fight on Luxembourg back taxes

Maryland’s Marriot profit plunges on weak US bookings, but China occupancy shines

12-05-2021
Earlier this week, Maryland-based American multinational hotel chain operator, Marriott International Inc., had missed analysts' estimate for quarterly profit and revenues over Q1, 2021

Redwood City’s EA signals gaming boom may extent run, raises full-year forecast

12-05-2021
Late on Tuesday, Californian gamemaker Electronics Arts Inc. had raised full-year revenue forecast over speculative bets that a latest pandemic-led uproar in gaming industry would continue to gather momentum deeper into the year

Hawthorne’s SpaceX to accept dogecoin as payment to launch lunar mission next year

11-05-2021
Tesla boss Elon Musk tweeted late on Sunday that his space venture, SpaceX, would accept cryptocurrency dogecoin as a payment method for lunar travels scheduled to set out as early as by Q1, 2022

Georgia’s Colonial pipeline down for fourth day as hackers issue statement

11-05-2021
On Monday, Colonial Pipeline's activities stayed submerged for fourth straight day in a row following a miasmic cyberattack later last week, as White House stepped up efforts to depoliticize the subject-matter

Michigan's Ford recalls 661,000 Explorer SUVs in North America

10-05-2021
Ford Motor Co. said late on Sunday that the Detroit automaker would recall as many as 661,000 Explorer SUVs in North America over potential risks of detaching roof rail cover

California’s Lyft sees sustained profit starting in third quarter on steep cost cuts

10-05-2021
Smaller Uber rival Lyft Inc. forecasted later last week that the ride-sharing start-up would be able to report sustained profits from third fiscal quarter of 2021

Seattle's Amazon postpones annual Prime Day sale in India as pandemic cases soar

10-05-2021
A spokesperson for Amazon.com Inc. said late on Friday that the world's No 1 online retailer had decided to pause its annual Prime Day sales in India this year

Stellantis beats revenue forecast, weathers worsening chip shortage on higher prices

09-05-2021
Later this week, Stellantis NV, the world's fourth-largest automaker, had beaten analysts' estimate for quarterly revenues

Michigan’s Kellogg Co. raises full-year sales forecasts amid resilient snacks demand

09-05-2021
American multinational food manufacturer Kellogg Co. had raised full-year sales forecast later this week and reported a better-than-anticipated quarterly revenues

Cambridge’s Moderna, Pfizer plunge as governments mull vaccine patent waiver

07-05-2021
On Thursday, shares' prices of Moderna Inc. and Pfizer Inc. fell more than 1 per cent following media headlines that said a number of Governments including Biden Administration were mulling a patent waiver for pandemic vaccines

Los Angeles' Jessica Alba-cofounded Honest Co. makes stellar Nasdaq debut

07-05-2021
Hollywood Celeb Jessica Alba's consumer goods company Honest Co. had made a stellar Nasdaq debut on Wednesday, valuing the company over $2 billion

Kent’s Blue Origin opens up bidding for first ever space-tourism trip in July

06-05-2021
Jeff Bezos' space venture Blue Origin said in a statement on Wednesday that the aerospace company was exploring an option to set off its commercial space travel business as early as by July 20