KKR to buy online contact lens retailer 1-800 Contacts
KKR & Co Inc KKR.N has agreed to acquire 1-800 Contacts from investment firm AEA Investors LP, the online contact lens retailer announced on Wednesday, in a deal that a …
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Tesla’s value drops $50 billion as Musk’s promised cheaper battery three years away
Investors slashed $50 billion from Tesla Inc’s TSLA.O market value on Tuesday despite CEO Elon Musk’s promise to cut electric vehicle costs so radically that a $25,000 car that drives …
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Asian suppliers’ shares slip on Tesla’s cheaper battery plan
SEOUL/SHANGHAI – Shares of Asian battery suppliers fell on Wednesday after Tesla Inc TSLA.O outlined a plan to halve the cost of its electric vehicle batteries and bring more production …
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Volkswagen’s Traton partners with TuSimple for self-driving trucks
Volkswagen’s VOWG_p.DE Traton commercial truck unit and self-driving technology startup TuSimple will partner to develop self-driving trucks, the companies said on Wednesday. Traton 8TRA.DE has also taken a minority stake …
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TSMC warns China-U.S. deleveraging will drive up costs
TAIPEI – The deleveraging of China-U.S. supply chains and protectionism on both sides of the Pacific will only drive up costs and limit the flow of ideas, the chairman of …
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China’s Ant takes another step towards $35 billion IPO with registration move
SHANGHAI/HONG KONG – China’s Ant Group submitted documents to the securities regulator for registration of the Shanghai portion of its IPO, the city’s bourse said late on Tuesday, moving a …
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Top shipping insurance group will not cover ships linked to Nord Stream 2
MOSCOW – The world’s largest group of shipping insurers will not insure vessels involved in the Russian-led Nord Stream 2 and TurkStream gas pipeline projects because of the threat of …
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