GlobalFoundries Inc has filed confidentially with U.S regulators for an initial public offering (IPO) in New York that could value the chipmaker at around $25 billion, people familiar with the…
Category: Business
U.S. may reinstate boost in automaker fines for not meeting emissions rules
The National Highway Traffic Safety Administration (NHTSA) said Wednesday it may impose higher penalties for automakers failing to meet fuel efficiency requirements in recent years, a decision that could cost…
U.S. homebuilding stumbles amid unrelenting supply constraints
U.S. homebuilding fell more than expected in July, the latest sign that surging construction costs and home prices continued to constrain the housing market early in the third quarter. Though…
Shoppers flocking back to stores boost Target sales, outlook
U.S. shoppers returning to stores ahead of the back-to-school season helped Target Corp (TGT.N) forecast higher same-store sales growth after beating quarterly estimates on Wednesday, even as online demand sharply…
Aurora releases tool to gauge safety of self-driving systems
Aurora, the Silicon Valley self-driving startup founded by former Tesla, Uber and Google executives, has released what it says is the industry’s first tool for evaluating whether and when autonomous…
Big-ticket spenders boost Lowe’s sales, shares jump
Lowe's Cos Inc (LOW.N) said on Wednesday that professional builders and handymen were rushing back to its stores, boosting sales at a time demand from the home improvement chain's core…
UK’s M&S takes Percy Pig and other products to over 150 countries
British retailer Marks & Spencer (MKS.L) will sell 800 food products, including Percy Pig sweets and Luxury Gold Teabags, online to over 150 new countries after tying up with export…