Tesla, the U.S. carmaker, announced on Sunday that it has launched a new version of its Model Y in China, with some minor modifications to the car’s exterior and interior. The car has a new wheel design, as shown by…
Apple has acknowledged that some users of its latest iPhone 15 models are experiencing overheating problems and said that it will release a software update to address the issue. The iPhone 15 models, which were launched on September 22, 2023,…
BP (BP.L) announced on Friday that Dave Lawler, its top executive in the United States and head of its shale business, is leaving the company to pursue new career opportunities. Lawler’s departure comes less than three weeks after BP’s chief…
Wells Fargo announced on Friday that it had divested about $2 billion worth of its investments in private equity funds managed by Norwest Equity Partners and Norwest Mezzanine Partners. The bank said that the move was part of its strategic…
Xerox Corp. announced that it has agreed to buy back all the shares of its common stock owned by Carl Icahn, the company’s largest shareholder, and his affiliates for $15.84 per share, or about $542 million in total. The deal…
Pennsylvania American Water has agreed to acquire Appalachian Utilities Inc. Under the terms of the transaction, an affiliate of Pennsylvania American Water will merge with Appalachian and, subsequently, Appalachian will merge into Pennsylvania American Water. Appalachian is a private, investor-owned…
Also Read: Disney buys $1.5bn stake in Epic Games with plans for ‘expansive’ Fortnite universe Epic Games, the maker of Fortnite and Unreal Engine, announced that it will lay off around 830 employees, or 16% of its staff, as part…
New York City: In a high-profile appearance at the CNBC Delivering Alpha Investor Summit in New York City, Altimeter Capital’s Chair and CEO, Brad Gerstner, delivered a resounding declaration that artificial intelligence (AI) is poised to outshine the internet in…
Nexusflow, a startup that aims to help security teams make sense of cybersecurity data using generative AI, announced today that it has raised $10.6 million in a seed round of funding. The round was led by Point72 Ventures, with participation…
UPS, the world’s largest package-delivery company, has announced that it will acquire MNX Global Logistics, a specialist in time-critical logistics for the healthcare industry and other sectors. The deal, which is expected to close by the end of the year,…
Saudi Aramco, the world’s largest oil producer, has announced its first international investment in liquefied natural gas (LNG), a move that signals its ambition to diversify its energy portfolio and reduce its carbon footprint. The state-owned company said on Thursday…
Meta Platforms Inc (NASDAQ:FB) announced a slew of new products and features at its Connect developer conference on Wednesday, including the Quest 3 mixed reality headset, Ray-Ban smart glasses and a series of AI chatbots. The event, which was held…