DUBLIN, August 03, 2021–(BUSINESS WIRE)–Power management company Eaton Corporation plc (NYSE:ETN) today announced that earnings per share were $1.26 for the second quarter of 2021. Excluding charges of $0.25 per share related to intangible amortization, $0.18 per share related to acquisitions and divestitures, and $0.03 per share related to a multi-year restructuring program, adjusted earnings… Continue reading Eaton Reports Record Second Quarter 2021 Results, Raises 2021 Outlook
Author: Yarhow_Finance Online News
Bridgestone Americas to buy fleet management software provider for $391 mln
Aug 2 (Reuters) – Bridgestone Corp’s unit said on Monday it would buy Azuga Holdings Inc, a fleet management software provider, for $391 million to improve fleet safety at the replacement tire maker. Azuga has developed a fleet management platform with GPS tracking and accident reduction services to improve road safety and reduce fuel consumption… Continue reading Bridgestone Americas to buy fleet management software provider for $391 mln
XPeng’s stock rallies after record July delivery data, Nio’s stock slips
Share of Xpeng Inc. rallied 4.8% in premarket trading Monday, after the China-based electric vehicle maker reported July deliveries that more than tripled from a year ago and rose 22% from the previous month, to mark a second-straight monthly record. Fellow China-based EV maker Nio Inc.’s stock slipped 0.2% ahead of the open, after July… Continue reading XPeng’s stock rallies after record July delivery data, Nio’s stock slips
CATL Unveils Its Latest Breakthrough Technology by Releasing Its First Generation of Sodium-ion Batteries
Another Milestone in the Industrialization of Innovative Technologies NINGDE, China, July 29, 2021 /CNW/ — Contemporary Amperex Technology Co., Ltd. (CATL) successfully held its first online launch event “Tech Zone” on July 29. Dr. Robin Zeng, chairman of CATL, unveiled the company’s first-generation sodium-ion battery, together with its AB battery pack solution – which is… Continue reading CATL Unveils Its Latest Breakthrough Technology by Releasing Its First Generation of Sodium-ion Batteries
Magna Signs Joint Venture Agreement With LG Electronics Focussed On Powertrain Components
Bloomberg Tilray Surges as Cannabis Poised to Benefit After Lockdown (Bloomberg) — Tilray Inc. shares surged the most in more than five months as investors rewarded the cannabis company for profiting even amid challenges due to Canada’s Covid-19 restrictions.Net income was $33.6 million for the fiscal fourth quarter ended May 31, compared with a loss… Continue reading Magna Signs Joint Venture Agreement With LG Electronics Focussed On Powertrain Components
Magna to Bring Driver Assistance Into the Digital Age With Industry-First Capabilities in 2022
ICON Pedestrian Detection Magna’s ICON Digital Radar detects pedestrians up to 150 meters away Magna’s ICON Digital Radar detects pedestrians up to 150 meters away ICON™ Digital Radar takes advanced driver-assistance technology to new levels Latest advancement helps address industry challenges for safer driving and higher levels of autonomy Developed in partnership with technology startup… Continue reading Magna to Bring Driver Assistance Into the Digital Age With Industry-First Capabilities in 2022
SHAREHOLDER ALERT: WeissLaw LLP Investigates Veoneer, Inc.
NEW YORK, July 23, 2021 /PRNewswire/ — WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Veoneer, Inc. (“Veoneer” or the “Company”) (NYSE: VNE) in connection with the Company’s proposed acquisition by Magna International Inc. (“Magna”) (NYSE: MGA). Under the terms of the merger… Continue reading SHAREHOLDER ALERT: WeissLaw LLP Investigates Veoneer, Inc.
SHAREHOLDER ALERT: Rigrodsky Law, P.A. Announces Investigation of Veoneer, Inc. Buyout
WILMINGTON, Del., July 23, 2021 (GLOBE NEWSWIRE) — Rigrodsky Law, P.A. announces that it is investigating Veoneer, Inc. (“Veoneer”) (NYSE: VNE) regarding possible breaches of fiduciary duties and other violations of law related to Veoneer’s agreement to be acquired by Magna International Inc. (NYSE: MGA). Under the terms of the agreement, Veoneer’s shareholders will receive… Continue reading SHAREHOLDER ALERT: Rigrodsky Law, P.A. Announces Investigation of Veoneer, Inc. Buyout
Why Nio Stock Dropped Friday
Morningstar Research Analyst Report: TAL Education Group Founded in 2003, TAL Education is one of the leading K-12 after-school tutoring providers in China. The firm offers tutoring services to students from pre-school to the twelfth grade via small classes, one-on-one personalized premium services, and online courses. In fourth quarter fiscal 2021, TAL’s small classes account… Continue reading Why Nio Stock Dropped Friday
Magna Buys Driver-Assist Supplier Veoneer for $3.8 Billion
(Bloomberg) — Magna International Inc. will acquire Veoneer Inc. for $3.8 billion in cash, bolstering its business supplying advanced driver-assistance systems to automakers. The $31.25-a-share offer represents a 57% premium to Veoneer’s closing price on Thursday. The transaction is expected to close toward the end of this year, according to a statement. Veoneer shares traded… Continue reading Magna Buys Driver-Assist Supplier Veoneer for $3.8 Billion