Billionaire Ken Griffin’s Citadel will take a tougher stance against the U.S. Securities and Exchange Commission and is willing to take the regulator to court over its WhatsApp probe, Bloomberg News reported on Wednesday citing people familiar with the matter.
Pros Holdings Inc , a U.S. provider of revenue management software to airlines and other industries that has struggled to become profitable, is exploring options that include a potential sale, according to people familiar with the matter.
Indian income tax officials on Wednesday visited a factory of Chinese PC maker Lenovo in the union territory of Puducherry and one of its offices in Bengaluru city as part of an inquiry, two sources told Reuters.
A factory fire at iPhone assembler Pegatron India was sparked by a short-circuit after an electrical switch was left on, following testing of the devices as they were being put together, two sources briefed on the matter told Reuters.
Electric-vehicle maker Lucid Group said on Wednesday it had opened its first international manufacturing plant in Saudi Arabia’s Jeddah city, under a deal designed to further the Middle Eastern country’s electrification push.
The U.S. Federal Trade Commission’s lawsuit accusing Amazon.com of abusing its retail market power to stifle competition faces hurdles in court, testing the scope of U.S. antitrust law and posing roadblocks for the agency, legal experts said.
Malaysia Prime Minister Anwar Ibrahim said on Wednesday a switch to having a dual 5G network would allow for more effective participation by China’s Huawei, providing his country with a balance of both Western and Eastern technology.
Snap Inc is shutting its division focused on making augmented reality (AR) services for businesses within months of its launch, as the ad-dependent social media company struggles in a tough economy.
OpenAI, the artificial intelligence startup behind ChatGPT, is talking to investors about a possible sale of existing shares at a much higher valuation from a few months ago, according to two sources familiar with the matter.
British electric vehicle supplier Bedeo said on Wednesday that it has launched a service to convert thousands of diesel vans to electric hybrids, starting in France to take advantage of government subsidies for retrofitting fossil-fuel models.
