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The following are the top stories on the business pages of British newspapers. - Britain's Haleon will sell balm brand ChapStick to a company owned by private equity firm Yellow Wood Partners for around $430 million in cash and a stake valued at around $80 million in the buyer. - Apple announced sweeping changes that open up its App Store and operating system allowing iPhone users in European Union countries to use rival app stores, such as Google’s Play Store, and alternative payment methods on their devices...
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The supplier of Tesla, GM, Volkswagen and other automakers reported operating profit of 338 billion won ($252.40 million) for the October-December period, up from 237 billion a year earlier. "A temporary slowdown of global EV battery demand growth is expected due to original equipment manufacturers' (OEMs')conservative inventory control along with continued metal price decline," LGES said in a statement. OEMs refer to automakers...
Continue ReadingThe company provided rather encouraging guidance for this year...
Continue ReadingTesla's Q4 results signal broader challenges facing the EV market, but that doesn't necessarily mean that investors should give up on the stock...
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The specialty vehicle manufacturer was buffeted by a development outside its control...
Continue ReadingThe agency has issued orders seeking information about artificial-intelligence investments to Microsoft, OpenAI, Amazon.com, Anthropic and Google-owner Alphabet...
Continue ReadingIBM's fourth quarter earnings saw revenue rise 4% and earnings per share of $3.87, above Wall Street's expectations...
Continue ReadingSales growth is taking a hit at the electric vehicle manufacturer...
Continue ReadingAmazon management has done an excellent job growing into investments made during the pandemic...
Continue Reading(Bloomberg) -- Alphabet Inc., Amazon.com Inc. and Microsoft Corp. received inquiries from the US Federal Trade Commission on their investments and partnerships with artificial intelligence startups Anthropic and OpenAI, part of a study on how AI is impacting competition in the technology industry.Most Read from BloombergPutin Sends US Signal on Ukraine Talks, Sensing Advantage in WarTesla Sinks After Warning About ‘Notably Lower’ Growth RateUS Extends Lead Over China in Race for World’s Biggest...
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