General Motors wasn’t content with an appeals court decision dismissing its racketeering case against Fiat Chrysler Automobiles, now known as Stellantis, so it’s asking the U.S. Supreme Court to weigh in. GM’s case, which dates to a filing in federal court in Detroit in November 2019, is tied to the long-running corruption scandal that sent… Continue reading General Motors takes its racketeering case against Stellantis to Supreme Court
Tag: Morgan
Morgan Stanley picks up stake in India’s Paytm after Alibaba sells sharesThe stock closed 3% on Friday after Morgan Stanley and Ghisallo bought a stak…
After China’s Alibaba sold a 3.1% stake in Paytm, Morgan Stanley and hedge fund Ghisallo Master Fund LP picked up a stake in the Indian digital payment services provider. Morgan Stanley Asia (Singapore) Pte – ODI acquired 54.95 lakh shares in the Paytm operator, while hedge fund Ghisallo bought 49.8 lakh shares in the company… Continue reading Morgan Stanley picks up stake in India’s Paytm after Alibaba sells sharesThe stock closed 3% on Friday after Morgan Stanley and Ghisallo bought a stak…
Alibaba sells Paytm stake worth $125m via block dealAlibaba held a 6.26% stake in Paytm as of end-September.
China’s Alibaba Group sold a 3.1% stake in Indian digital payments firm Paytm for a total of $125 million through a block deal on Thursday, a source with direct knowledge of the matter told Reuters. Shares of the company fell as much as 8.8% to 528 rupees in afternoon trading and were last down 5.8% as of… Continue reading Alibaba sells Paytm stake worth $125m via block dealAlibaba held a 6.26% stake in Paytm as of end-September.
The Wiesmann Project Thunderball is an EV sportscar you need to know about – British GQ
Outside of Germany, Wiesmann is barely known. A low volume, bespoke sportscar manufacturer based in country’s north, Wiesmann’s cars are ‘best kept secret’ kinda stuff. Those who know about them, adore them, those who don’t tend to assume they’re a new Morgan. That mistake isn’t too hard to make. Wiesmann’s designs are very ‘old school… Continue reading The Wiesmann Project Thunderball is an EV sportscar you need to know about – British GQ
The US Just Greenlit High-Tech Alternatives to Animal Testing
The Covid-19 crisis highlighted certain economic and welfare issues associated with using animals for research. Pandemic-related closures meant that many labs had to halt experiments and euthanize animals. Then the race to develop vaccines and treatments for Covid-19 meant monkeys were in short supply due to huge demand. While alternative methods are promising, they’re relatively new. Methods… Continue reading The US Just Greenlit High-Tech Alternatives to Animal Testing
XPeng stock falls after J.P. Morgan says stop buying
Motley Fool Is Apple a Screaming Buy Right Now? For much of 2022, Apple (NASDAQ: AAPL) resisted the market sell-off, but eventually, it succumbed. Despite its retreat, the iPhone maker delivered a better performance than most of its big tech peers, reporting revenue growth of 8% for the quarter and the year, even as it faced stiff… Continue reading XPeng stock falls after J.P. Morgan says stop buying
CrowdOut Capital Acquires Sourceability, a Leading Global Distributor of Electronic Components
CrowdOut Partners with Sourceability Leadership in Corporate Carveout AUSTIN, Texas, Jan. 10, 2023 /PRNewswire/ — CrowdOut Capital LLC (“CrowdOut”), an Austin-based investment firm, announced today that CO Long Term Equity Fund I LP (“COLT”), and affiliates partnered with senior leadership to acquire Sourceability (the “Company”), a global distributor of electronic components offering digital tools, services… Continue reading CrowdOut Capital Acquires Sourceability, a Leading Global Distributor of Electronic Components
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SHANGHAI, Jan 10 (Reuters) – China’s passenger car sales rose 2.4% in December as consumers rushed to make use of a subsidy for electric vehicles (EV) before they expired last month, with sales likely to sharply weaken in January, an auto industry body said on Tuesday. China’s decision to end a more than decade-long subsidy… Continue reading Gallery
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MADRID, Jan 10 (Reuters) – Spanish ride-hailing app Cabify plans to list its shares on the stock market within 12 to 15 months, local news website El Confidencial reported on Tuesday citing unidentified sources closed to the company’s management. The company’s valuation would be close to 2 billion euros ($2.2 billion), El Confidencial added, citing… Continue reading Untitled
Ant-linked firms, Alibaba shares rise on news of Jack Ma ceding controlHong Kong-listed shares of Ma’s Alibaba jumped 7%.
Shares of listed Chinese companies that count Ant Group as a major shareholder rose on Monday after announcements that Ant founder Jack Ma is giving up control of the fintech giant following an overhaul. Hong Kong-listed shares of Ma’s Alibaba jumped 7%. Shares of Longshine Technology Group Co Ltd, Jilin Zhengyuan, Shanghai Golden Bridge Infotech… Continue reading Ant-linked firms, Alibaba shares rise on news of Jack Ma ceding controlHong Kong-listed shares of Ma’s Alibaba jumped 7%.