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Business

Chipmaker GlobalFoundries files confidentially for U.S. IPO

By 3dconceptnet September 1, 2021August 26, 2021

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…

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Business

U.S. may reinstate boost in automaker fines for not meeting emissions rules

By 3dconceptnet August 31, 2021August 26, 2021

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…

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Business

U.S. homebuilding stumbles amid unrelenting supply constraints

By 3dconceptnet August 30, 2021August 26, 2021

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…

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Business

Shoppers flocking back to stores boost Target sales, outlook

By 3dconceptnet August 29, 2021August 26, 2021

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…

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Business

Aurora releases tool to gauge safety of self-driving systems

By 3dconceptnet August 28, 2021August 26, 2021

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…

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Business

Big-ticket spenders boost Lowe’s sales, shares jump

By 3dconceptnet August 27, 2021August 26, 2021

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…

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Business

UK’s M&S takes Percy Pig and other products to over 150 countries

By 3dconceptnet August 26, 2021

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…

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