President-elect Joe Biden said on Thursday he had selected his Treasury secretary and would reveal his choice as soon as next week. “We’ve made that decision,” Biden told a news…
Category: Business
Tesla surge adds to dominance of S&P 500’s biggest players
Tesla Inc TSLA.O extended its rally on Thursday ahead of its December debut in the S&P 500 .SPX, with its market value nearing $500 billion, highlighting the growing domination of…
Stocks rise, dollar falls on talk of new U.S. stimulus
Stocks rallied while the dollar fell on Thursday, and oil settled lower but rose after hours following a report that U.S. lawmakers may restart negotiations on economic stimulus, which lifted…
BuzzFeed acquires news website HuffPost from Verizon Media
BuzzFeed on Thursday bought news website HuffPost from Verizon Communications Inc VZ.N in the latest sign of consolidation in the online media world. The deal brings two once-hot digital properties…
Verizon, Apple partner to swap out corporate-owned phones for 5G iPhones
Apple Inc AAPL.O and Verizon Communications VZ.N on Thursday announced a program in which Verizon will subsidize the replacement of corporate customers' entire fleet of smartphones with any of Apple's…
GM’s Barra accelerates ‘all out pursuit of global EV leadership’
General Motors Co GM.N Chief Executive Mary Barra said the Detroit automaker is accelerating an "all out pursuit of global EV leadership," challenging electric vehicle leader Tesla Inc TSLA.O with…
ABB division attracts interest from industry buyers: sources
ABB's ABBN.S clutch and transmission manufacturer Dodge had already attracted interest from potential bidders before the Swiss engineering group announced it was exiting the business, people familiar with the matter…