Tag: Corporate / Industrial News

Clearlake Capital buys Quest from Francisco . Partners

Clearlake Capital Group LP said it has entered into a deal to acquire Quest Software Inc. from Francisco Partners in the latest sign of private equity firms’ appetite for software. The deal values ​​Quest at…

Workers leave their jobs in droves to become their own bosses

The pandemic has unleashed a historic explosion in entrepreneurship and self-employment. Hundreds of thousands of Americans are fighting it out on their own as consultants, retailers and small business owners. The move helps explain the…

Cruise stocks rebound as markets navigate choppy waters amid Omicron concerns

Cruise operators and other travel stocks rebounded early Monday, regaining some ground they lost during Friday’s sharp sell-off. Travel stocks were among the hardest hit on Friday as the emergence of a new type of…

The Tesla Gigapress is almost ready to go. The arrow is gaining.

The new Tesla giga piston–the die-casting machine that promises to modernize the auto industry–is nearly ready to go. German auto news outlet Automobilwoche reported Monday that Tesla’s new manufacturing facility in that country will begin…

Ghost kitchens have proven to be a messy business, Reef Global shows

A few seconds after a cook turned on a stove in a mobile kitchenette in a Houston parking lot in April, a fireball erupted from the propane stoves, burning in the center of the trailer…

Hedge fund investor who made $2.6 billion in pandemic transactions says Omicron could be bullish for the stock market

Senior hedge fund star Bill Ackman said over the weekend that the new omicron variant of the coronavirus that causes COVID-19 could be bullish for stocks if it proves to lead to mild to moderate…

Li Auto inventory rises after third-quarter sales surge more than 200%

Investors should be pleased with the third-quarter numbers from Chinese electric car maker Li Auto. The stock was rallying further in pre-market trading and there is not much to complain about Monday’s results. US-listed Li…

The Tesla Gigapress is almost ready to go. The arrow is gaining.

The new Tesla giga piston–the die-casting machine that promises to modernize the auto industry–is nearly ready to go. German auto news outlet Automobilwoche reported Monday that Tesla’s new manufacturing facility in that country will begin…

Li Auto inventory rises after third-quarter sales surge more than 200%

Investors should be pleased with the third-quarter numbers from Chinese electric car maker Li Auto. The stock was rallying further in pre-market trading and there is not much to complain about Monday’s results. US-listed Li…

International Personal Finance 3rd Quarter Profit Vouchers

by Joe Hope International Personal Finance PLC said Monday that its pre-tax profit slipped slightly in the third quarter, but it turned a profit in the year to date. The London-listed secondary mortgage bank said…

Nissan plans to spend $17.6 billion on battery cars over 5 years

Tokyo – Nissan Motor Company 7201, – 5.09% On Monday, it said it plans to spend $17.6 billion over the next five years as part of a plan to add 20 new battery-powered vehicles to…

Airlines avoid Thanksgiving pitfalls as today’s passenger numbers top two million

Travelers returning home Sunday after the Thanksgiving holiday face crowded airports and full flights, but relatively few problems have plagued air travel in recent months. The The holiday week was a test on whether US…

Evergrande scheme worked with other Chinese developers, it didn’t even happen

China’s real estate boom spawned many developers who, like industry giant China Evergrande Group, borrowed heavily to fund rapid growth. Now they are inflicting unprecedented losses on international investors with scarce credit and declining new…

Fashion designer Virgil Abloh dies of cancer at the age of 41

PARIS — Virgil Abloh, the American designer who championed streetwear and hip-hop culture in luxury fashion, became One of the most prominent black CEOs in the industryHe passed away on Sunday, according to a post…

The US stock market is suffering an ugly sell-off on Black Friday. Here are the biggest losers (and winners).

Wall Street shares fell sharply on Black Friday as investors reacted to the new travel ban caused by South Africa’s discovery of a new type of coronavirus that causes COVID-19. Dow Jones Industrial Average DJIA,…