Thursday, June 13, 2024

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Shares of Evergrande's EV Unit Slide After Order to Repay Subsidies

Chinese authorities have ordered Evergrande Auto to repay government subsidies due to its failure to meet contractual obligations, and the company warned it could face the repossession of some assets.

SpaceX Aims for Better Landings in Latest Starship Test

The Elon Musk-led company is developing the rocket for future missions, including NASA’s first astronaut trip to the moon in decades.

Sporting-Goods Companies Warm Up for Busy Summer

Sportswear companies moved to clear out leftover inventory to make room for new product lineups ahead of a summer packed with major sporting events, but analysts say any sales benefit will likely take time.

NIO Loss Widens on Lower EV Sales but Expects Stronger Second Quarter

The Chinese EV maker ’s net loss widened in the first quarter, with electric-vehicle sales off to a seasonally slow start.

Intel and Apollo in $11 Billion Joint Venture for Chip Manufacturing Plant in Ireland

Apollo to hold an 49% equity interest stake in the joint venture.

Gap Snaps Slump With Sales Gain

The company posted higher quarterly sales in an early sign that its new leader’s plan for turning around the beleaguered retailer is starting to pay off.

Boeing Sets Its Own Quality Targets Under Pact With FAA

The air-safety regulator says it will monitor Boeing’s performance based on quality metrics set by the company.

Inside the Rockefeller Clan's Intensifying Feud With Exxon

They have suffered reversals in their efforts to hold the energy giant to account for climate change, but the family that owes its fortune to oil isn’t backing down.

Last Year We Had 'Barbenheimer.' This Year It's the Summer of Sequels.

The frenzy over ‘Barbie’ and ‘Oppenheimer’ showed that moviegoers are ready for something new

Eli Lilly to Spend $5.3 Billion to Make More Mounjaro, Zepbound

The outlay to expand an Indiana production site, combined with a previous $3.7 billion commitment, is the largest manufacturing investment in company history.
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Corporate Loan Worth Rs 5 Lakh Cr In Pipeline, India Inc Looking For Credit To Fund Capex: SBI Chief

Corporates have started looking for credit to fund working capital requirements and capacity expansion State Bank of India Chairman...
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