June 10, 2020

Starbucks forecasts over $2 billion drop in quarterly income as COVID-19 hits

Starbucks Corp said on Wednesday it expects current-quarter operating income to plunge by up to $2.2 billion, and sales to decline for the rest of the […]
June 10, 2020

Tesla to accelerate production of Semi trucks: memo

Tesla Inc Chief Executive Elon Musk has told his staff it was time to bring the Tesla Semi commercial truck to “volume production,” a message that […]
June 10, 2020

Dollar slumps to three-month lows on Fed easing speculation

The dollar dropped to a three-month low on Wednesday as speculation increased that the U.S. Federal Reserve will announce later in the session it intends to […]
June 10, 2020

Ford to return to pre-COVID production rates in U.S. plants by early July, COO says

Ford Motor Co expects to have its U.S. vehicle assembly plants return by early July to building at the rates they did before the coronavirus pandemic […]
June 10, 2020

UK regulator gets more time for final ruling on Amazon’s Deliveroo deal

Britain’s competition regulator has given itself two more months to make a final ruling on Amazon’s purchase of a minority stake in online delivery group Deliveroo […]
June 10, 2020

U.S. companies vow to fight racism but face critics on diversity

In the past, U.S. corporations have largely remained silent as protests erupted over killings of African-Americans by police officers. That changed with the May 25 death […]
June 10, 2020

Reddit names Michael Seibel to board after Ohanian’s call for black candidate

Social network company Reddit on Wednesday named venture capital investor Michael Seibel to its board, days after co-founder and former director Alexis Ohanian resigned and called […]
June 10, 2020

Exclusive: RWE, Thyssenkrupp plan hydrogen production venture

Germany’s RWE plans to produce hydrogen from renewable energy to supply steelmaker Thyssenkrupp, the two companies told Reuters. Powered by WPeMatico
June 10, 2020

Tesla to start volume production of Semi trucks: memo

Tesla Inc’s chief executive Elon Musk said that it is time to bring its Semi commercial truck to “volume production”, as the U.S. electric vehicle maker […]
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