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09/23 - Investors slashed $50 billion from Tesla Inc's market value on Tuesday despite CEO Elon Musk's promise to cut electric vehicle costs so radically that a $25,000 car that drives...
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09/21 - Fasten your seatbelt, because Tuesday is Tesla's "Battery Day", and some investors expect Chief Executive Elon Musk's pitch on the electric car maker's energy storage advances to re-energize its rally following a recent ...
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09/17 - Elon Musk is hailed as an innovator and disruptor who went from knowing next to nothing about building cars to running the world's most valuable automaker in the space of 16 years.
But his record ...
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09/24 - Tesla Inc's plan to produce lithium for electric vehicle batteries close to its Nevada Gigafactory faces stark challenges from the outset, including an onerous permitting process, ...
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09/28 - Tesla Inc Chief Executive Officer Elon Musk plans to list SpaceX's space internet venture, Starlink, several years in the future when revenue growth is smooth and predictable....
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09/26 - Daimler's Dieter Zetsche will not seek to become chairman of the German carmaker's supervisory board, he told Frankfurter Allgemeine Sonntagszeitung newspaper....
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09/17 - Ryanair shareholders backed a 458,000 euro bonus for Group CEO Michael O'Leary on Thursday, although more than a third withheld their support following criticism o...
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09/22 - India's Shapoorji Pallonji group, the largest minority shareholder in Tata Group, believes it is necessary to separate interests from the autos to steel conglomerate, it said on Tuesday....
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09/27 - Investors welcomed former Daimler chief executive Dieter Zetsche's decision to forego his role as chairman of the German carmaker, announced at the weekend and starting a race to find an independent head of the company's...
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09/24 - France's richest man Bernard Arnault ratcheted up a tug-of-war over Paris Match publisher Lagardere on Thursday, revealing he had built up a direct stake in the firm, which is under siege from several other investors....
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09/16 - Snowflake Inc's shares more than doubled in their New York Stock Exchange debut on Wednesday, a day after the Warren Buffett-backed data warehouse company raised more than $3 billi...
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09/22 - Tesla Inc CEO Elon Musk said improvements to be unveiled at the electric-vehicle maker's "Battery Day" event would not reach "serious high-volume production" until 2022, knocking its shares down....
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09/18 -
By John D. Stoll
Electric vehicles have long posed a chicken-or-egg conundrum for auto executives.
Buyers too often find them to be pricey, ugly, limited on range or unavailable. Car compa...
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09/22 - Nikola Corp Chief Financial Officer Kim Brady said on Tuesday the electric-truck maker has the backing of all of its automotive partners even after the departure of founder and Chairman Trevor Milton....
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09/25 - An investment trust following the principles of veteran U.S. investor Warren Buffett is to list in London, the trust said on Friday....
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09/19 -
CEO Mary Barra has pursued an unusual strategy for success, whittling down the giant that for decades reigned as the world's largest auto maker. Now, she's focusing on the company's next big bet: electric cars. ...
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09/15 -
By Kate Davidson, Georgia Wells and Michael C. Bender
China's ByteDance Ltd. would retain a majority ownership stake in its TikTok app unit as part of a proposal ...
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09/14 - JPMorgan Chase & Co Chief Executive Jamie Dimon said the economic recovery from the coronavirus recession could be derailed by a lack of additional economic stimulus, the election and a second wave of infections....
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09/23 - The chairmen of UBS and Credit Suisse supported a merger of equals between Switzerland's two largest banks during discussions earlier this year, Swiss magazine Bilanz reported on Wednesday, adding talks had since stagnat...
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09/21 - Illumina Inc said on Monday it would buy cancer screening startup Grail Inc in a cash-and-stock deal worth $8 billion, buying out investors including Jeff Bezos and snatching back ...
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09/28 -
By Alistair MacDonald
ArcelorMittal SA has agreed to sell its U.S. business to Cleveland-Cliffs Inc. for around $1.4 billion, a deal that will further diminish it...
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09/18 -
By Mike Colias
Nearly a decade ago, Toyota Motor Corp. dethroned General Motors Co. as the world's largest car company, leaving some GM executives wringing their ...
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09/16 - Founders of investment firms Mariposa and Viking have launched an initial public offering for a special purpose acquisition company on the London Stock Exchange to raise $750 mil...
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09/28 - Aurora Cannabis Inc said on Monday billionaire investor Nelson Peltz has stepped down as adviser, adding to troubles at the Canadian pot producer reeling under the impact of the co...
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09/14 - Global miner BHP Group said in its annual report on Tuesday that it froze salaries of key leadership personnel for the coming financia...
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09/15 -
By Aaron Tilley
Microsoft Corp. Chief Executive Satya Nadella suffered a rare defeat in his company's failed pursuit of viral video app TikTok. That doesn't mean ...
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09/14 - Oracle Corp said on Monday it would team up with China's ByteDance to keep TikTok operating in the United States, beating Microsoft Corp in a deal structured as a partnership rather than an outright sale....
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09/28 -
By Bob Tita and Alistair McDonald
Steelmaker ArcelorMittal SA plans to sell its U.S. plants to mining company Cleveland-Cliffs Inc. for $1.4 billion, retreating f...
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09/23 - Qatar's sovereign wealth fund stepped into the market battle over struggling Lagardere on Wednesday by calling for fair representation for all large shareholders in the French media and publishing group....
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09/21 - Occidental Petroleum Corp said on Monday it will pay a $200 million quarterly dividend to Warren Buffett's Berkshire Hathaway Inc in cash instead of common stock, even as the company tries to reduce debt following a plu...
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