Deere reaches tentative 6-year labor deal with United Auto Workers union
U.S. tractor maker Deere & Co (DE.N) and the United Auto Workers (UAW) union on Friday agreed on a new six-year labor contract that will…
Category: Business
Enterprise software firm Informatica files for U.S. IPO
Enterprise software developer Informatica Inc on Friday filed for an initial public offering in the United States, paving the way for a return to the…
Amazon-backed EV maker Rivian discloses nearly $1 bln losses in IPO filing
Rivian Automotive, backed by Amazon.com Inc (AMZN.O) and Ford (F.N), disclosed losses of nearly $1 billion in the first half of the year, the electric-vehicle…
EV truck maker Rivian plans in-house battery cell manufacturing
Electric truck maker Rivian Automotive, which currently sources batteries from South Korean supplier Samsung SDI (006400.KS), plans to build battery cells in-house, its filing for…
Toyota outsells GM in U.S. for first nine months of 2021
Japanese automaker Toyota Motor Corp (7203.T) outsold General Motors Co (GM.N) in the United States for the first nine months of 2021 as the Detroit…
Citigroup executive Levkovich dies a month after being hit by car
Citigroup Inc’s (C.N) chief U.S. equity strategist, Tobias Levkovich, died on Friday from injuries he suffered after being struck by a car a month ago,…
Battle for Britain’s Morrisons culminates in $10 bln auction
An auction to decide who wins a $10 billion, six-month battle for British supermarket chain Morrisons (MRW.L) begins on Saturday, with the result expected to…