Musk Promises $25,000 Tesla Using Cheaper Batteries
The company has an eventual annual production target of 20 million vehicles, potentially becoming the world's largest auto maker.
Nike's Sales Bounce Back From Coronavirus Slide
Nike's sales rebounded in the summer quarter after slumping earlier during the coronavirus pandemic, as rising digital sales offset declining revenue at traditional stores.
French Foreign Minister Says LVMH Query Led to Letter on Tiffany Deal
France's foreign minister said he was responding to a query from LVMH when he wrote a letter to the luxury conglomerate asking it to delay its acquisition of Tiffany.
Palantir Projects Full-Year Revenue to Surpass $1 Billion
Palantir Technologies expects revenue to top $1 billion this year, as the company unveils its outlook ahead of its long-anticipated stock listing following decades of teasing the market with plans to go public.
United Wholesale Mortgage to Go Public Via Merger With Gores SPAC
The biggest wholesale mortgage originator in the U.S. is merging with a special-purpose acquisition company in a deal that will take the lender public at a valuation north of $16 billion.
KKR to Invest $754.9 Million in Reliance Industries' Retail Unit
Reliance Industries said that U.S. private-equity company KKR's investment would represent a 1.3% stake in Reliance Retail Ventures Ltd.
Bank of East Asia Plans Sale of Life Insurance Business
Bank of East Asia plans to sell its life insurance business as part of its strategic review to enhance the bank's financial position and focus on its core business in Hong Kong and China.
Ford to Build Electric Cars in Canada as Part of Labor Deal
The settlement includes a $1.5 billion investment in two Ford Motor factories-an engine plant in Windsor, Ontario, and a vehicle-assembly factory in Oakville, Ontario.
NBCUniversal's Cable Channels Were a Crown Jewel. Now They're an 'Albatross.'
New CEO Jeff Shell is centralizing decision-making and slimming down the cable unit in the process.
Nikola Executive Defends Business Model
The electric-truck firm's finance chief said the startup's partners are staying the course despite the abrupt resignation of company founder Trevor Milton.
