1.TESLA:- U.S. electric car maker Tesla Inc on Sunday rolled back the latest version of its Full Self-Driving (FSD) beta software, less than a day after its release after users complained of false collision warnings and other issues. The setback comes as Tesla is under regulatory scrutiny over the safety...
1.EVERGRANDE:- China Evergrande Group has supplied funds to pay interest on a U.S. dollar bond, a person with direct knowledge of the matter told Reuters on Friday, days before a deadline that would have seen the developer plunge into formal default. The person said Evergrande remitted $83.5 million to a...
1.AMAZON:- Five members of the U.S. House Judiciary Committee wrote to Amazon.com Inc’s chief executive Sunday, and accused the company’s top executives, including founder Jeff Bezos, of either misleading Congress or possibly lying to it about Amazon’s business practices. The letter also states that the committee is considering “whether a...
1.EVERGRANDE:-At the Shanghai Auto Show in April, the booth for China Evergrande Group’s new energy vehicle (NEV) unit was hard to miss. One of the largest exhibitions at the event, in a prime spot opposite BMW, the property developer-backed unit showed off nine concept vehicle models under its brand...
1.MORGAN STANLEY: One of Morgan Stanley’s top dealmakers, who helped advise oil giant Saudi Aramco on its initial public offering (IPO), is leaving to join the investment banking arm of Banque Saudi Francis. Motaz Alangari, who is based in Riyadh, is leaving the Wall Street Bank after more than...
1.JP MORGAN: JPMorgan reported on Wednesday third-quarter earnings that beat analysts’ forecasts and revenue that fell short of expectations. JPMorgan announced earnings per share of $3.74 on revenue of $29.65B. Analysts polled by Investing.com anticipated EPS of $3 on revenue of $29.86B. JPMorgan shares are up 30% from the...
1.ZOOM: A slump in Zoom Video Communications Inc’s share price likely limited its ability to sweeten a nearly $15 billion all-stock offer for call center software firm Five9 and led to the deal’s collapse, Wall Street analysts said on Friday. Five9 shareholders on Thursday voted down the sale to...
1.Goldman Sachs: Goldman Sachs has appointed Andy Tai as head of investment banking in Southeast Asia, according to an internal memo seen by Reuters. Tai, who retains his senior role as a technology, media and telecom banker at the U.S. bank, will relocate to Singapore from Hong Kong to...
1.FORD: The plan for Ford Motor Co and Korean battery partner SK Innovation to build three battery plants in the United States, announced this week, will prompt a furious drive by labor leaders to organize the plants, potentially setting the tone for future union drives at auto industry factories in...
1.SOFTBANK:SoftBank Group will invest in a $2.5 billion private equity fund set up by former U.S. Treasury secretary Steven Mnuchin, the Japanese conglomerate said on Wednesday without disclosing the size of the investment. The fund, Liberty Strategic Capital, will be backed by SoftBank’s $40 billion second Vision Fund and...