Yokohama to Buy Goodyear’s OTR Tire Business for $905 Million
Yokohama Rubber Co. agreed to acquire Goodyear Tire & Rubber Co.’s off-the-road tire business for $905 million as part of the Japanese manufacturer’s global expansion plan.
July 22, 2024Maersk Tankers Bet Billions on Ammonia Fuel Carriers
Some of the biggest names in shipping are betting billions on tankers to transport a type of ammonia that’s scarcely being produced today, wagering it will become integral to decarbonization.
July 15, 2024Biden Faces Frustration From US Farmers Over Biofuel Policy
President Joe Biden’s re-election campaign has had a tough week. Lingering in the background is a boom he touted for American farmers that hasn’t panned out.
July 12, 2024Flying Taxi Startup Lilium Close to Saudia Order
Lilium NV is close to selling 100 electric flying taxis to Saudi Arabia’s state-owned airline, formalizing a framework deal arranged in late 2022.
July 10, 2024Yokohama Said to Hold Talks for Goodyear’s OTR Tire Business
Yokohama Rubber Co. is in advanced talks to buy Goodyear Tire & Rubber Co.’s off-the-road tire business for at least $1 billion, according to people familiar with the matter.
July 10, 2024TSMC Hits $1 Trillion in Market Value on Relentless AI Rally
Taiwan Semiconductor Manufacturing Co. briefly surpassed $1 trillion in market capitalization after Morgan Stanley joined a list of brokers boosting price targets on the chipmaker.
July 8, 2024OPEC Crude Production Steady for Third Month
OPEC’s crude production remained steady for a third month, while some key members continued to pump above agreed limits.
July 1, 2024Maersk Drops Out of Bidding for Logistics Giant DB Schenker
A.P. Moller-Maersk A/S withdrew its bid for DB Schenker, the logistics unit of Deutsche Bahn AG that has been reported to be valued at more than $16.1 billion.
July 1, 2024Textainer in Talks to Buy Container Leasing Firm Seaco
Stonepeak-owned Textainer is in talks to acquire container leasing firm Seaco from an arm of failed Chinese conglomerate HNA Group, according to people with knowledge of the matter.
June 10, 2024Sources: Hertz Is Exploring Options for Raising Financing
Hertz Global Holdings is exploring options to raise financing weeks after the company’s new CEO pledged to get it back on track following a failed bet on electric vehicles, according to people with knowledge of the matter.
May 30, 2024