Tag: BACT
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Grubhub gets Amazon investment; Prime members to get fee-free food
July 6 (Reuters) – Amazon.com Inc (AMZN.O) has secured the right to buy a 2% stake in Just Eat Takeaway.com’s (TKWY.AS) Grubhub and will offer no-fee access to the service for a year to U.S. Prime members, hoping to boost subscriptions with a renewed push into meal delivery. Announced ahead of Amazon’s July “Prime Day” ... -
Lamborghini to invest at least 1.8 bln euros in path towards electrification – paper
MILAN, July 1 (Reuters) – Italian supercar brand Lamborghini plans to invest at least 1.8 billion euros ($1.88 billion) to produce a hybrid lineup by 2024 and more to bring out its fully electric model by the end of the decade, Chief Executive Stephan Winkelmann told Il Sole 24 Ore. Lamborghini, part of the Volkswagen ... -
Chinese commercial rocket company reaches new heights with latest funding round
BEIJING, June 29 (Reuters) – Chinese commercial rocket launch company ExPace has raised 1.59 billion yuan ($237 million), the largest funding round for such a company in recent years. Wuhan-based ExPace, a subsidiary of state-owned spacecraft and missile manufacturer China Aerospace Science and Industry Corp (CASIC), announced on Monday the conclusion of its Series B ... -
S.Korea’s LGES to review investment plan for $1.3 bln Arizona battery factory
An employee walks past the logo of LG Energy Solution at its office building in Seoul, South Korea, November 23, 2021. Picture taken November 23, 2021. REUTERS/Kim Hong-Ji Register now for FREE unlimited access to Reuters.com Register SEOUL, June 29 (Reuters) – South Korean battery maker LG Energy Solution Ltd (LGES) (373220.KS) plans to reevaluate ... -
White House says companies investing $700 million to boost EV charger production
WASHINGTON, June 28 (Reuters) – The White House said on Tuesday that companies are planning to invest more than $700 million to boost U.S. manufacturing capacity for electric vehicle (EV) chargers – actions set to add at least 2,000 jobs and make charging more accessible and affordable. The investments include $450 million earmarked by Volkswagen ... -
Solar developer Intersect gets $750 mln investment from private equity firm TPG
June 28 (Reuters) – A top U.S. solar energy project developer on Tuesday announced a $750 million equity investment from the climate-focused private equity fund TPG Rise Climate. The announcement from TPG is part of the firm’s push into climate change and clean energy investing on behalf of clients that include large pension funds and ... -
Care home firm Orpea, under pressure over practices, gets new financing
A view shows the logo of French care homes company Orpea at the entrance of a retirement home (EHPAD – Housing Establishment for Dependant Elderly People) in Reze near Nantes, France, February 2, 2022. REUTERS/Stephane Mahe Register now for FREE unlimited access to Reuters.com Register PARIS, June 13 (Reuters) – French care home company Orpea ... -
Credit Suisse flags second-quarter loss as investment bank drags
Logo of Swiss bank Credit Suisse is seen at a branch office in Bern, Switzerland May 2, 2022. REUTERS/Arnd Wiegmann Register now for FREE unlimited access to Reuters.com Register ZURICH, June 8 (Reuters) – Credit Suisse (CSGN.S) warned on Wednesday of a likely group-wide second-quarter loss as volatility hits its investment bank, extending a losing ... -
Southeast Asian car marketplace Carro takes 50% stake in Indonesian rental firm
A view of the Carro signage at their showroom in Singapore June 15, 2021. REUTERS/Edgar Su Register now for FREE unlimited access to Reuters.com Register SINGAPORE, June 6 (Reuters) – Singapore-headquartered Carro, a Southeast Asian online used-car marketplace, has acquired a 50% stake in the rental unit of Indonesian automotive group PT Mitra Pinasthika Mustika ... -
Wells Fargo CEO sees $1 billion opportunity in growing investment bank
NEW YORK, June 1 (Reuters) – Wells Fargo & Co’s (WFC.N) Chief Executive Officer Charlie Scharf said Wednesday he wants to grow Wells’ corporate and investment banking business on Wednesday by $1 billion opportunity. The bank has historically focused on its retail and business customers, and put less emphasis on its trading and corporate dealmaking ...