Tag: billion
Infinera Shares Soar on Nokia Acquisition News; Stifel Downgrades to Hold
Jennifer -
In a significant move aimed at bolstering its optical-networks business, Nokia (NOK) has announced its acquisition of Infinera (NASDAQ: INFN) in a $2.3 billion...
TeamViewer Stock Slumps After Disclosing Cyberattack
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TeamViewer's stock experienced a sharp decline on Friday following the announcement of a cyberattack on its corporate IT environment. As of 05:10 ET (09:10...
Toyota and Affiliates to Offload Some $1 Billion in Aisin Shares
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Toyota Motor Corporation and its affiliates have announced plans to divest approximately 33.9 million shares in Aisin, a move valued at 177.5 billion yen...
Cloaked Audis, Covert CEO Meeting: How VW’s $5 Billion Rivian Bet Transpired
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In an unassuming facility in California, a few camouflaged Audis arrived secretly from Germany early this year. These vehicles were destined for an unusual...
Nvidia Shares Surge Nearly 7% Following Market Rebound from $430 Billion Slump
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Nvidia (NASDAQ:NVDA) saw its shares climb nearly 7% on Tuesday, reversing a three-day decline that had wiped out approximately $430 billion from the company's...
Volkswagen Shares Decline Following $5 Billion Rivian Deal
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Volkswagen (ETR:VOWG_p), Europe's largest carmaker, saw its shares drop by 1.4% during early trading on Wednesday after announcing a planned investment of up to...
Toyota Sells $2 Billion in Cross-Held Listed Shares in FY2023/24
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Toyota (NYSE: TM) has disclosed in a regulatory filing that it sold $2 billion worth of cross-shareholdings of listed companies during the fiscal year...
ByteDance Collaborates with Broadcom to Develop Advanced AI Chip
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China's ByteDance is partnering with U.S. chip designer Broadcom (NASDAQ) to develop a cutting-edge AI processor, according to sources familiar with the matter. This...
European Shares Rally on Autos and Banks Boost; Focus on French Elections
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European shares kicked off the week positively, buoyed by gains in the automobile and banking sectors. As of 0838 GMT, the pan-European STOXX 600...
RXO to Acquire UPS’s Coyote Logistics for $1 Billion, Shares Surge
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United Parcel Service (NYSE:UPS) announced on Sunday that it will sell its Coyote Logistics unit to RXO (RXO) for $1.025 billion. The news prompted...
Nvidia’s Soaring Stock Raises Questions for Investors
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The remarkable rise in Nvidia Corp's (NASDAQ:NVDA) stock has investors pondering whether to lock in gains, stay invested for further growth, or jump into...
Chinese Automakers Dominate Southeast Asia’s Growing Electric Vehicle Market
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Southeast Asia is witnessing a rapid surge in electric vehicle (EV) sales, with Chinese manufacturers like BYD and Vietnam's VinFast leading the charge and...