Panasonic poised to withdraw from solar cell production at Tesla’s NY plant: sources
Japan’s Panasonic Corp is considering pulling out of solar cell production at Tesla Inc’s plant in New York, said people with direct knowledge of the matter, raising uncertainty over the U.S. firm’s struggling solar business.
Asian shares slump, bonds rally as virus fears grow
Asian shares fell on Wednesday as a U.S. warning to Americans to prepare for the possibility of a coronavirus pandemic drove another Wall Street tumble and pushed yields on safe-haven Treasuries to record lows.
Salesforce co-CEO Keith Block steps down, Marc Benioff to be sole chief
Salesforce.com Inc said on Tuesday Keith Block has stepped down as co-chief executive officer, making Marc Benioff the sole CEO of the business software company, sending its shares down nearly 3% in extended trading.
Oil rises on short-covering despite growing fears over coronavirus
Crude prices edged up on Wednesday as investors covered short positions after three sessions of losses, even as fears deepened that the rapid spread of the coronavirus will lead to a global pandemic.
AI computing startup SambaNova raises $250 million in BlackRock-led funding
Artificial intelligence computing firm SambaNova Systems said on Tuesday it has raised $250 million in a funding round led by BlackRock Inc to expand its customer base, reflecting investors’ appetite for the market.
Musk’s SpaceX rocket production facility approved by Port of Los Angeles
SpaceX, the private rocket company of high tech entrepreneur Elon Musk, won final approval on Tuesday to build a research and manufacturing plant for its deep-space Starship project on a tract of vacant land at the Port of Los Angeles.
U.S. airlines, hotels extend rebooking options as coronavirus spreads
(This February 25 story corrects to say that Marriott has issued cancellation waiver until March 15 in paragraph 13)
Asian stocks, Treasury yields fall as pandemic fears intensify
Asian shares fell on Wednesday as a U.S. warning to Americans to prepare for the possibility of a coronavirus pandemic drove another Wall Street tumble and pushed yields on safe-haven Treasuries to record lows.
Mattel receives SEC subpoena on whistleblower letter
Mattel Inc had received a subpoena in December from the U.S. Securities and Exchange Commission seeking documents related to a whistleblower letter and subsequent investigation, the U.S. toymaker said in a filing on Tuesday.
Economic contagion spreads beyond China to other Asian economies: Reuters poll
The effects of the coronavirus outbreak are likely to reverberate beyond China as most major economies in the region are expected to either slow down significantly, halt or shrink outright in the current quarter, Reuters polls found.
