The Greenwich, Conn.-based company is working with financial advisers, said sources who asked not to be identified because the details aren’t public.
October 11, 2024Latest News Updates From Bloomberg News
GXO Considering Sale Amid Interest From Potential Buyers
Tesla to Finally Roll Out Robotaxi Tonight
When Elon Musk finally unveils autonomous taxi prototypes late Oct. 10, the Tesla CEO will have a lot to prove.
October 10, 2024Northvolt Unit Files for Bankruptcy as Expansion Plan Halted
Northvolt AB sought bankruptcy protection for one of its units in a bid to limit the financial fallout from the troubled battery maker’s now-halted expansion in northern Sweden.
October 8, 2024Continental Picks Goldman, JPMorgan for Car Parts Spinoff
Continental AG has lined up banks to help with the separation of its struggling car parts business, moving ahead with the plans despite recalls related to faulty braking systems it supplied.
October 8, 2024Global Shipping Stocks Sink After Dockworkers Pause Strike
Shipping stocks slumped worldwide after a strike by U.S. dockworkers was suspended after only three days, spurring predictions of a decline in the price of transporting goods by sea.
October 4, 2024Businesses Weigh Fallout From Dockworkers Strike
As day one of the dockworkers strike unfolded, economists were trying to quantify the damage from the supply chain disruption caused by the closure of 36 ports.
October 2, 2024Oil Flows Slump for Fourth Straight Month
The seaborne flow of oil fell for a fourth straight month in September on the back of hefty declines from Libya, where a political row spilled over into supply disruptions.
October 2, 2024Helene Leaves Flooded Farms, Fouled Rivers, Dozens Dead
As historic floodwaters unleashed by Hurricane Helene recede across the Southeast, the region faces a humanitarian, economic and ecological crisis of staggering scope.
October 2, 2024Chip Firms Monitor Quartz Supplies After Hurricane Hits Mines
Global semiconductor makers are monitoring supplies of high-purity quartz, a material critical to the industry, after Hurricane Helene halted production at two North Carolina mines.
October 2, 2024Chinese EV Maker Nio Slams ‘Unreasonable’ US, EU Tariffs
Nio founder William Li hit out at the European Union and the U.S., saying their moves to level tariffs on electric cars are unreasonable and urged them to cooperate with China.
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