Business
Tesla appears unlikely to nix US suit alleging bias against Black workers
By Daniel Wiessner (Reuters) - A federal judge in California on Thursday appeared poised to reject Tesla's bid to toss out a U.S. agency's lawsuit accusing the electric carmaker of tolerating rampant harassment of Black workers at its Fremont, ...
Rexford Industrial Realty buys properties for $1 billion from Blackstone Real Estate
(Reuters) - Rexford Industrial Realty, a real estate investment trust (REIT), said on Thursday it had acquired industrial properties for $1 billion from Blackstone Real Estate. Rexford has acquired about 3 million square feet of industrial ...
CRA reverses course, exempts bare trusts from new regulations
In a pre-Easter act of generosity, the Canada Revenue Agency on Thursday announced that bare trusts will be exempt from trust reporting requirements for 2023. This will come as a huge relief to thousands of Canadians who ...
US may soon unveil list of Chinese chip factories barred from receiving tech
By Karen Freifeld and Alexandra Alper WASHINGTON (Reuters) - The Biden administration is drawing up a list of advanced Chinese chipmaking factories barred from receiving key tools, three people familiar with matter said, to make it easier for ...
Automotive computer chip maker NXP rolls out new platform
AMSTERDAM (Reuters) - NXP Semiconductors NV, the biggest maker of computer chips for cars, on Thursday said it had introduced a new platform that will simplify and speed up software development for its customers. The platform, which integrates ...
US, Mexico to partner on semiconductor supply chain development
WASHINGTON (Reuters) - The United States will partner with Mexico to explore semiconductor supply chain opportunities, the State Department said on Thursday, as the Biden administration pushes to reduce reliance on China and Taiwan for the ...
General Dynamics unit awarded $922 million IT infrastructure contract
(Reuters) - General Dynamics Information Technology (GDIT), a unit of General Dynamics, said on Thursday it was awarded a $922 million contract to modernize the U.S. Central Command's IT infrastructure. Under the contract, GDIT will use data ...
Chemours falls on weak quarterly sales forecast after internal review
(Reuters) - Chemours shares fell as much as 15.8% on Thursday, after the chemical company forecast downbeat first-quarter sales and revised some past financial results following an internal review into management misconduct. The review identified ...
Blackwells sues Disney in Delaware over disclosure in relationship with ValueAct
NEW YORK (Reuters) - Blackwells Capital is ratcheting up the pressure on Walt Disney in a bruising boardroom battle by suing the entertainment giant in Delaware court for information that may point to possible disclosure violations in dealings ...
Apple's new iPad Pro likely to launch in May, ramps up overseas production, Bloomberg News reports
(Reuters) - Apple's overseas suppliers have increased production of the company's new iPad models and plans to launch them in early May, Bloomberg News reported on Thursday citing people with knowledge of the matter. Apple's initial plan was to ...