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Category: Enterprise


Enterprise, Financial Services, Industries

Goldman Sachs to Take Over General Motors Credit-Card Business

January 15, 2021

Via: TheStreet

Goldman Sachs (GS) – Get Report will take over General Motors’ (GM) – Get Report credit-card business, the two companies said Friday. The New York investment firm will be the issuing bank for the Detroit automaker’s credit-card programs, with the […]


Capital, Enterprise, Finance Tech, Industries

Fiat Chrysler, Peugeot shareholders vote on merger

January 4, 2021

Via: ABC News

The marriage of carmakers PSA Peugeot and Fiat Chrysler Automobiles is built on the promise of cost-savings in the capital-hungry industry, but what remains to be seen is if it will be able to preserve jobs and heritage brands in […]


Enterprise, Industries

Virgin Galactic shares drop 18% after aborted spaceflight test, which the company will repeat

December 14, 2020

Via: CNBC

Virgin Galactic’s stock fell in premarket trading on Monday after the space tourism company cut short its latest spaceflight test mid-launch on Saturday due to an engine ignition issue. “The flight did not reach space as we had been planning. […]


Enterprise, Finance Tech, Industries, Trading

Volatile Tesla’s entry into the S&P 500 may not be a quiet ride for the stock market

December 11, 2020

Via: CNBC

Tesla’s entry into the S&P 500 could be anything but a quiet ride, and it is likely to put downward pressure on other stocks in the index temporarily. Already, investors are gaming how its entry could impact the S&P 500, […]


Enterprise, Industries

Looking to build a monster cash pile, Tesla heads back to the markets to sell shares

December 8, 2020

Via: Fortune

Tesla is taking advantage of its surging shares by going back to the capital markets for the third time in ten months and raising as much as $5 billion of common stock. The sale through an “at-the-market” offering program, according […]


Enterprise, Industries

A 6-year-old Chinese electric vehicle startup is now more valuable than GM

November 13, 2020

Via: Fortune

Chinese electric vehicle makers are on a tear. On Thursday, after reporting a strong third quarter, the New York-listed shares of Guangzhou-based Xpeng jumped 33%. Nasdaq-listed Li Auto’s share price leaped 27% the same day, ahead of its own earnings […]


Enterprise, Industries, Retail & Wholesale

Nike rallies after profits show signs of bouncing back from pandemic

September 23, 2020

Via: Fortune

Nike Inc. rallied in late trading after the world’s largest sportswear maker returned to profit and posted far better revenue than predicted, a sign it’s swiftly bouncing back from the pandemic slump. Revenue amounted to $10.6 billion in its fiscal […]


Enterprise, Industries

Volkswagen is the latest carmaker to tap the red-hot green-bond market to fund its EV ambitions

September 16, 2020

Via: Fortune

Volkswagen AG is making its green-bond debut, about two weeks after Daimler AG, as automakers tap socially responsible investors to help pay for the hugely expensive shift to electric vehicles. The maker of VW and Audi brand cars is offering […]


Enterprise, Finance Tech, Industries, Trading

Kodak jumps 62% after D.E. Shaw discloses stake in the company

September 1, 2020

Via: CNBC

Eastman Kodak’s recent roller-coaster ride continued on Tuesday as shares surged 40% on the back of D.E. Shaw establishing a position in the company. A filing with the Securities and Exchange Commission on Monday night showed that the hedge fund […]


Enterprise, Finance Tech, Industries, Trading

Tesla announces plans to sell up to $5B in new stock shares

September 1, 2020

Via: ABC News

DETROIT — A day after its 5-for-1 stock split took effect, Tesla is announcing plans to sell up to $5 billion worth of common shares. The electric car and solar panel maker says in a filing with securities regulators that […]