STOCKHOLM and NEW YORK, Dec. 20, 2022 /PRNewswire/ — The automotive technology company Veoneer announced that it has entered into an agreement with Magna International Inc., a mobility technology company and one of the largest suppliers in the auto industry. Under the agreement Magna will acquire Veoneer’s Active Safety business from SSW Partners, a New… Continue reading Magna to acquire Veoneer’s Active Safety Business
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Magna to acquire Veoneer’s Active Safety Business
STOCKHOLM and NEW YORK, Dec. 20, 2022 /PRNewswire/ — The automotive technology company Veoneer announced that it has entered into an agreement with Magna International Inc., a mobility technology company and one of the largest suppliers in the auto industry. Under the agreement Magna will acquire Veoneer’s Active Safety business from SSW Partners, a New… Continue reading Magna to acquire Veoneer’s Active Safety Business
Magna to acquire Veoneer’s Active Safety Business
STOCKHOLM and NEW YORK, Dec. 20, 2022 /PRNewswire/ — The automotive technology company Veoneer announced that it has entered into an agreement with Magna International Inc., a mobility technology company and one of the largest suppliers in the auto industry. Under the agreement Magna will acquire Veoneer’s Active Safety business from SSW Partners, a New… Continue reading Magna to acquire Veoneer’s Active Safety Business
VIRTUOSO® CHAIRMAN AND CEO MATTHEW D. UPCHURCH HONORED WITH LIFETIME ACHIEVEMENT AWARD
NEW YORK, Dec. 19, 2022 /PRNewswire/ — Revered industry leader Matthew D. Upchurch, Chairman and CEO of leading global luxury travel network Virtuoso®, became the proud recipient of a Lifetime Achievement Award this week. The award, which pays tribute to individuals whose efforts have led to extraordinary results within an organization and who have also made… Continue reading VIRTUOSO® CHAIRMAN AND CEO MATTHEW D. UPCHURCH HONORED WITH LIFETIME ACHIEVEMENT AWARD
No One on Twitter Is Safe From Elon Musk
Musk changed his tune this week after he alleged a “crazy stalker” followed a car carrying his young son. Questions about the incident remain, and it’s not clear how an account tweeting aircraft location data publicly available via many sources could be linked to a car incident. But it was enough to provoke Musk to… Continue reading No One on Twitter Is Safe From Elon Musk
Gallery
Summary Companies U.S. business activity slumps in Dec Meta jumps on J.P. Morgan rating upgrade Adobe climbs on upbeat profit forecast Dow down 1.39%, S&P 500 down 1.52%, Nasdaq down 1.33% NEW YORK, Dec 16 (Reuters) – U.S. stocks were poised for their third straight session of declines and second straight week of losses on… Continue reading Gallery
Goldman Sachs to lay off up to 4,000 people: Report
Goldman Sachs Group Inc will lay off up to 4,000 people as the Wall Street bank struggles to meet profitability targets, news platform Semafor reported on Friday, citing people familiar with the matter. Managers across the firm have been asked to identify low performers for what could be a cut of up to 8% to its… Continue reading Goldman Sachs to lay off up to 4,000 people: Report
Alibaba co-founder Joseph Tsai to reduce stake in company
Alibaba co-founder and executive vice chairman Joseph Tsai has indicated he plans to sell part of his stake in the company through Morgan Stanley, Bloomberg News reported on Friday. A holding company for Tsai filed this month to sell 3 million of the Chinese firm’s American depositary receipts – which make up roughly 8% of his… Continue reading Alibaba co-founder Joseph Tsai to reduce stake in company
NVIDIA Announces Upcoming Events for Financial Community
SANTA CLARA, Calif., Dec. 14, 2022 (GLOBE NEWSWIRE) — NVIDIA will present at the following events for the financial community: J.P. Morgan 21st Annual Tech/Auto Forum (During the 2023 International CES)Thursday, Jan. 5, 2023, 7:50 a.m. Pacific time J.P. Morgan 41st Annual Healthcare ConferenceThursday, Jan. 12, 2023, 10:30 a.m. Pacific time Interested parties can listen to the live audio… Continue reading NVIDIA Announces Upcoming Events for Financial Community
Banks gearing up to book losses on Twitter loans this quarter
Some of the banks that lent Elon Musk $13 billion to buy Twitter are preparing to book losses on the loans this quarter, but they are likely to do so in a way that it does not become a major drag on their earnings, according to three sources with direct knowledge of the situation. Banks… Continue reading Banks gearing up to book losses on Twitter loans this quarter