Volkswagen Trucking Business Invests in Self-Driving Truck Developer TuSimple

Volkswagen unit Traton Group will work with TuSimple to develop self-driving trucks and take a stake in the technology company as part of their agreement. 


 
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. 


 
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. 


 
Fracking-Services Company FTS International Files for Bankruptcy

Texas-based FTS International filed for bankruptcy protection after reaching an agreement with creditors on a debt-for-equity swap following a downturn in the energy sector and lower demand for its services. 


 
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. 


 
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. 


 
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.