Latest Production facilities News
PSG sells minority stake to US firm Arctos Partners
Paris Saint-Germain owner Qatar Sports Investments agreed to sell a minority stake to U.S. private equity platform Arctos Partners on Thursday. Financial terms of the deal were not disclosed by the French league club. Arctos will own up to 12.5% of the club, valuing PSG at between 4...
FDA is inspecting plant in Ecuador that made lead-tainted fruit pouches
U.S. health officials have launched an inspection of a plant in Ecuador that made the cinnamon applesauce pouches linked to dozens of cases of acute lead poisoning in U.S. children. The U.S. Food and Drug Administration has said that contaminated cinnamon is the likely source of the...
Haslam family denies allegation from Warren Buffett's company that it bribed truck stop chain execs
OMAHA, Neb. (AP) — An attorney for the billionaire Haslam family called bribery allegations leveled by Warren Buffett's company a “wild invention” Thursday. But a judge didn't decide immediately whether those allegations will be resolved at a January trial that should help...
Autoworkers strike cut Ford sales by 100,000 vehicles and cost company $1.7 billion in profits
DETROIT (AP) — A six-week United Auto Workers strike at Ford cut sales by about 100,000 vehicles and cost the company $1.7 billion in lost profits this year, the automaker said Thursday. Additional labor costs from the four-year and eight-month agreement will total $8.8 billion by...
Drugmaker AbbVie to spend over $10B on ImmunoGen to juice its cancer-fighting treatment portfolio
AbbVie will pay around $10 billion to add a potential blockbuster cancer treatment as cheaper versions of the drugmaker’s all-time best seller, Humira, cut into sales. But company leaders cautioned Thursday that a return on the deal they announced for drug developer ImmunoGen will...
Chemical firms to pay $110 million to Ohio to settle claims over releases of 'forever chemicals'
DOVER, Del. (AP) — The DuPont Co. and two spin-off firms will pay $110 million to the state of Ohio to settle a lawsuit over environmental threats from toxic chemicals used at a former DuPont facility in neighboring West Virginia, the companies said Wednesday. The settlement...
EU regulators say Amazon's acquisition of vacuum maker iRobot may harm competition
European regulators said Monday that Amazon’s proposed acquisition of robot vacuum maker iRobot may harm competition. The European Commission, the European Union’s executive arm and top antitrust enforcer, said it has informed Amazon of its “preliminary view” regarding the...
‘Get Ready With Me’: Video genre that focuses on everyday life is everywhere — and not slowing down
NEW YORK (AP) — “Get Ready with Me” — to go on a date, go to work or ... get fired? “Get Ready with Me” videos are everywhere these days, and they're as straightforward as the name suggests. Social media users, often influencers, invite viewers to watch them get ready to...
Nissan will invest $1.4 billion to make EV versions of its best-selling cars at its UK factory
LONDON (AP) — Nissan will invest $1.4 billion to update its factory in northeast England to make electric versions of its two best-selling cars, a boost for the British government as it tries to revive the country's ailing economy. The Japanese automaker manufactures the gasoline...
More Americans are expected to 'buy now, pay later' for the holidays. Analysts see a growing risk
NEW YORK (AP) — Consumers are expected to use “buy now, pay later” payment plans heavily this holiday season, a forecast that bodes well for retailers but that has credit experts again sounding alarm bells. The short-term loans often come with consumer-friendly interest rates...
