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Ford’s Vision Is To Become The Tesla Of Connected Commercial Vehicles

Ford Motor Co Chief Executive Jim Farley drew praise from Wall Street when he increased the company's electrified F-150 manufacturing objective to 150,000 units per year, which is more than three folds compared to the target that was initially set by the company.   Farley now wants investors...

Microsoft Predicts Strong Forecast, Shares Surge

Microsoft's revenue projection for the latest completed quarter is expected to be well ahead of Wall Street expectations, thanks in part to its Intelligent Cloud subsidiary.   The projection assuaged fears about growth spurred by the December quarter's results, which initially impacted...

Analysts Expect Deutsche Bank To Break Profit Run In Fourth Quarter

Analysts expect Deutsche Bank to announce a net loss when it publishes fourth-quarter profits on Thursday owing to a drop in revenue at its investment bank.   A loss would be a setback for Germany's largest bank, which had previously reported five consecutive quarters of profit, its longest...

The $20 Bln Factory Of Intel In Ohio Could Become Largest Chip Plant On The Planet

Intel Corp has announced making an investment of up to $100 billion in developing a chip factory in Ohio which could turn out to be the largest semiconductor-making complex in the world. The target of the company is to improve capacity as a global semiconductor shortage impacts the production of a...

Shell Officially Sheds “Royal Dutch” From Its Name

The iconic "Royal Dutch" has been officially dropped from the name of Shell as the company will now be called Shell. The company has had the "Royal Dutch" words to its brand name since 1907.   This is a part of the strategy of the company to do away with its dual share structure and shift...

Samsung Withdraws Advertisement With Drag Queen After Online Backlash

After receiving reactions from some members of the Muslim community, Samsung has withdrawn an advertisement depicting a Muslim mother expressing support for her drag queen son.   It was "an attempt to spread LGBT ideology," according to several social media users.   Samsung...

Four-Year Delay For Delivery Of Its Land Cruiser In Japan, Warns Toyota

Customers in Japan may have to wait up to four years for the delivery of Toyota's new Land Cruiser SUV, according to the Japanese automaking giant.   The delay, according to the world's largest automaker, is unrelated to a global semiconductor shortage or a supply chain catastrophe.  ...

Intel To Invest $20 Bln In Chip Manufacturing In Ohio, Reports

Semiconductor making firm Intel Corp is expected to announce an investment of $20 billion in a huge and new manufacturing facility outside Columbus, Ohio, aimed at researching and manufacturing sophisticated and advanced semiconductor chips, according to reports...

France's TotalEnergies To Quit Its Business In Myanmar Over Human Rights Issues

TotalEnergies, a French energy business, announced on Friday that it has chosen to quit Myanmar due to the country's deteriorating human rights situation, making it the latest Western company to leave since a military coup took over the country last year.   Myanmar security forces have...

Intel Places Orders For ASML System Worth “Significantly” More Than $340 Mln

Semiconductor makers across the world are striving to get an edge in this fast growing industry.    This was evident in the United States based global chip maker Intel placing its first order with ASML for purchase of a new and more highly advanced chip making machine that the company...

Ford Earns $8.2 Billion In The Fourth Quarter As A Result Of Its Rivian Investment

The blockbuster market debut in November last year of the electric vehicle maker Rivian Automotive Inc has helped Ford Motor Co to a $8.2 billion gain on its investment in the startup which the company said will get reflected in its fourth quarter results.     Rivian's stock had climbed...

Unilever Indicates It Would Pursue Merger Of GSK Consumer Arm

Consumer product giant Unilever will continue to try and have a merger with GlaxoSmithKline's consumer healthcare sector following the rejection of a 50 billion pound ($68.4 billion) offer by it earlier. Unilever believes that GlaxoSmithKline's business it wants to merge will be "great strategic...
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