DuPont seeks electronic materials muscle with $5.2 bln Rogers deal
DuPont Inc (DD.N) on Tuesday agreed to buy engineering materials maker Rogers Corp (ROG.N) for $5.2 billion, its biggest deal since splitting from DowDuPont, to supply to fast-growing industries such as electric vehicles, 5G and clean energy. Chief Executive Officer Ed Breen, a well-known deal maker, has been building out DuPont’s high-margin businesses such as […]
Read More
Under Buffett’s wing, U.S. fuel retailer Pilot leaps into oil trading, eyes refining
One of the largest U.S. diesel retailers is assembling a fuels trading, processing and distribution powerhouse that could turn a truck stop operator part-owned by billionaire Warren Buffett into the Walmart of petroleum. Known best for its Pilot Flying J service stations, Pilot Company has hired veteran energy traders and expanded into Latin America’s fuels […]
Read More
KKR’s earnings more than double on higher management fees, asset sales
KKR & Co Inc (KKR.N) said on Tuesday its third-quarter distributable earnings more than doubled to $925.1 million, driven by strong growth in management fees and profit from asset sales in its private equity business. KKR and other private equity firms have benefited from a flurry of mergers and acquisitions as the global economy has […]
Read More
Microsoft rolls out new tech to connect its cloud to rivals
Microsoft Corp (MSFT.O) on Tuesday announced a new round of technologies aimed at making its cloud computing services work in data centers it does not own – including the cloud data centers of its rivals. The strategy, Microsoft executives and analysts say, has been key to the company’s rise in the cloud computing infrastructure market, […]
Read More
Apple adds suppliers to clean-energy pledge, including more chip firms
Apple Inc (AAPL.O) said on Wednesday that 175 of its suppliers have now committed to use clean energy for the work they do for the iPhone maker, helping to bring more than 9 gigawatts of clean energy onto power grids. The new round of suppliers – which is an increase from the 70 suppliers and […]
Read More
Musk says Tesla has not signed a contract with Hertz yet, halts stock rally
Tesla Inc’s (TSLA.O) top boss Elon Musk said the company had not signed a contract with Hertz, more than a week after the car rental firm announced a massive deal with the electric carmaker. Tesla’s shares fell 4% in early trading on Tuesday, after a steep jump following the news of the biggest-ever order – […]
Read More
Vigna makes partnerships a priority as his reign at Ferrari starts
Ferrari (RACE.MI) will seek technology partnerships as it moves ahead with the transition towards cleaner mobility, new CEO Benedetto Vigna said on Tuesday after the sportscar maker raised this year’s core earnings guidance. Vigna was presenting his first set of quarterly results. The technology industry veteran, who took the CEO role at the beginning of […]
Read More