BP to sell 65% stake in Castrol to Stonepeak for $6 billion
BP has agreed to sell a 65% stake in its Castrol lubricants business to U.S. private equity firm Stonepeak for about $6 billion, a significant step in the oil major’s…
Democratic Governors Urge Trump Administration to Lift East Coast Offshore Wind Halt
Four Democratic governors wrote to U.S. Interior Secretary Doug Burgum on Wednesday to ask the Trump administration to lift its halt on five offshore wind projects on the U.S. East…
Nvidia licenses Groq chip tech, hires startup’s Google-veteran CEO
Nvidia has agreed to license chip technology from startup Groq and hire away its CEO, a veteran of Alphabet's Google, Groq said in a blog post on Wednesday. The deal…
U.S. Factory Output Flat in November as EV Tax Credits Expire
U.S. factory production was unchanged in November after declining in October as motor vehicle output fell following the expiration of tax credits for electrical vehicles. The flat reading in manufacturing…
Samsung to acquire ZF’s autonomous driving tech unit in $1.8 billion deal
Samsung Electronics announced on Tuesday a $1.8 billion deal to acquire Germany's ZF Friedrichshafen's autonomous driving technology unit to combine it with its audio business and offer next-generation in-car platforms.…
Coupang Sued in U.S. Investor Class Action After Data Breach Exposes 33M Users
South Korean e-commerce company Coupang has been sued in a U.S. court in an investor class action alleging violations of securities laws after a cybersecurity breach exposed personal information of…
Honeywell to take $470M one-time charge tied to Flexjet litigation
Honeywell said on Monday it expects to record a one-time charge of about $470 million in the fourth quarter related to a potential settlement in litigation linked to private aviation…
Japan to tighten rules and end subsidies for large-scale solar projects
The Japanese government will tighten regulations and end financial support for large-scale solar power projects to protect the natural environment, ensure safety and preserve landscapes, government officials said. The move…
China urges TikTok deal that complies with laws and balances all sides
The Chinese government would like to see companies reach solutions that comply with Chinese laws and regulations and balance the interests of all parties, a commerce ministry spokesperson said on…
Vercel: The startup quietly shaping how the modern web is built
When Guillermo Rauch started building a small JavaScript project in 2015, he was not trying to create a venture-backed company. He was trying to fix a problem he faced every…