(Reuters) – Johnson & Johnson quietly shut down the only plant making usable batches of its COVID-19 vaccine late last year, the New York Times reported, citing people familiar with the decision. The halt is temporary, with the plant in the Dutch city of Leiden expected to start making the vaccine again after a few …
J&J pauses COVID-19 vaccine manufacturing in crucial plant – NYT Read More »
By David Shepardson WASHINGTON (Reuters) – South Korean automakers Hyundai and Kia on Tuesday advised the owners of 484,000 U.S. vehicles to park outside and away from other vehicles because of fire risks until they get new recall repairs completed. Hyundai Motor Co and its affiliate Kia Corp announced separate U.S. recalls because a Hydraulic …
Hyundai, Kia urge U.S. owners of recalled vehicles to park outside Read More »
By Svea Herbst-Bayliss BOSTON (Reuters) – ValueAct Capital is urging 7-Eleven’s owner, Seven & i Holdings, to break up its businesses and focus on the convenience-store chain, steps which it says could more than double the company’s share price in the coming years. U.S.-based investment firm ValueAct, which has been urging the Japanese company’s board …
ValueAct pushes Seven & i to focus on 7-Eleven-presentation Read More »
By Chibuike Oguh (Reuters) – Buyout firm KKR & Co Inc said on Tuesday its after-tax distributable earnings more than doubled in the fourth quarter, thanks to strong asset sales from its private equity portfolio and record transaction fees from its capital markets business. The strong earnings performance, in line with that of KKR’s peers, …
U.S. buyout firm KKR’s fourth-quarter earnings more than double Read More »
WASHINGTON (Reuters) – U.S. Senator Elizabeth Warren, a Democrat who has argued for the breakup of tech giants like Amazon, Google and Facebook, has urged the Justice Department to be more aggressive in fighting price-fixing and to stop making deals with corporate wrongdoers that defer prosecution in exchange for good behavior. “The nation is dealing …
Senator Elizabeth Warren urges U.S. Justice Dept to aggressively fight price-fixing Read More »
ROME (Reuters) – Leonardo said on Tuesday it had suspended its search for a partner for the Italian defence group’s automation arm, as no offer had been made that could ensure it a “sound future”. Leonardo Chief Executive Alessandro Profumo said in March it was considering options for the division, including an alliance with a …
Italy’s Leonardo suspends search for automation division partner Read More »
MEXICO CITY (Reuters) -A global semiconductor shortage that has weighed on Mexico’s auto sector should normalize throughout the year and chip supply should reach pre-pandemic levels in the second half of 2022, the Mexican Automotive Industry Association (AMIA) said on Tuesday. “We expect the shortage of semiconductors to stabilize throughout the year and towards the …
Semiconductor chip supply to normalize in 2022, says Mexico’s auto industry Read More »
(Reuters) – Peloton Interactive Inc on Tuesday replaced its CEO and added new board members , as the exercise bike maker looks to revitalize sagging sales and win back investor confidence. John Foley, the company’s co-founder who has led Peloton for nearly a decade, will step down as CEO and become the executive chair. Here …
By Lucia Mutikani WASHINGTON (Reuters) – The U.S. trade deficit surged to a record high in 2021 as imports increased sharply amid the restocking of shelves by businesses to meet robust domestic demand. The sharp widening in the trade gap reported by the Commerce Department on Tuesday mostly reflected a shift in spending toward goods …
Robust imports boost U.S. trade deficit to record high in 2021 Read More »
By Andres Gonzalez and Pamela Barbaglia MADRID (Reuters) -European buyout firm EQT is working with advisers to prepare the sale of French water management firm Saur in a deal that could value France’s third-biggest water firm at about 3 billion euros ($3.43 billion), sources told Reuters. EQT has hired Rothschild to sound out prospective bidders …
Exclusive-EQT readies $3.4 billion sale of French water services firm Saur -sources Read More »
