Category: Business

Electric car maker Fisker Inc has finalized its vehicle-assembly deal with Foxconn Technology Co Ltd, including plans to open a U.S. plant in 2023, the companies said on Thursday. The plant’s location has not been identified, but Fisker Chief Executive Read more

Bitcoin’s price tumbled after Elon Musk said on Wednesday his electric car maker Tesla Inc would no longer accept the cryptocurrency for purchases, citing environmental concerns for the reversal. Here are some of Musk’s comments on bitcoin and other cryptocurrenies Read more

U.S. railway operator Kansas City Southern said on Thursday that it had accepted Canadian National Railway Co’s $33.6 billion acquisition offer, upending a $29 billion deal with its competitor Canadian Pacific Railway Ltd. The development, first reported by Reuters, gives Read more

Tesla Inc boss Elon Musk on Thursday denounced the “insane” amount of energy used to produce bitcoin, doubling down on his sudden rejection of the cryptocurrency as a means of payment over environmental concerns. Musk, one of bitcoin’s most ardent Read more

Bitcoin slid to a 2-1/2-month low on Thursday after a regulatory probe into crypto exchange Binance added to pressure from Tesla Inc chief Elon Musk’s reversing his stance on accepting the digital currency. Bloomberg reported on Thursday that as part Read more

A U.S. judge on Thursday dismissed antitrust claims against Alphabet Inc’s Google brought by a group of advertisers, but offered them a chance to try again after addressing what she called “serious concerns.” The ruling by District Judge Beth Labson Read more

At his factory in Tokyo, Shigeki Kato has a grim strategy to deal with rising costs that threaten profit margins: grin and bear it. Kato’s Orion Industry Corp supplies precision steel sheets to semiconductor makers. It has been squeezed by Read more