Tag: Corporate news
GM expected to announce Tennessee battery plant on Friday
NASHVILLE, Tenn. — General Motors is expected to announce Friday that one of its joint ventures will build a second U.S. electric vehicle battery...
Wells Fargo profit jumps to $4.74 billion in first quarter
Wells Fargo & Co. says first-quarter net income jumped to $4.74 billion from $653 million a year earlier, when the pandemic struck the global...
Wells Fargo earned $4.74 billion in Q1, topping estimates
SILVER SPRING, Md. — Wells Fargo had its best quarter in a year and a half, posting a profit of $4.74 billion and freeing...
Kohl’s names 3 new directors in deal with activist investors
NEW YORK — Kohl’s Corp. says it's adding three independent members to its board of directors as part of an agreement it struck with...
Darlington Raceway’s spring race will be called Goodyear 400
DARLINGTON, S.C. — Darlington Raceway has partnered with tire manufacturer Goodyear to sponsor its spring NASCAR Cup Series event next month.
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Televisa, Univision merge to form Spanish language TV giant
MEXICO CITY — Grupo Televisa, Mexico’s largest television network, announced Tuesday it is merging with U.S. Spanish-language broadcaster Univision to form what they called...
UK supermarket giant Tesco sees profit dented by COVID costs
LONDON — Tesco, Britain's biggest supermarket, said Wednesday its profits slid by a fifth over the past year as higher costs related to the...
Russian President Putin gets 2nd COVID-19 vaccine shot
MOSCOW — Russian President Vladimir Putin said Wednesday he got his second COVID-19 vaccine shot, three weeks after getting the first dose.
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Opposition accuses UK govt of sleaze amid lobbying scandal
LONDON — A lobbying scandal swirling around former British Prime Minister David Cameron has deepened with claims that a senior civil servant held down...
Profits at Goldman Sachs surge in 1Q, helped by trading
NEW YORK — Investment bank Goldman Sachs saw its profits nearly quintuple in the first quarter, driven by a massive surge of revenue from...