(Reuters) – General Motors plans to invest at least $900 million to retool a Lansing, Michigan auto plant to build electric vehicles, Energy Secretary Jennifer Granholm said Thursday. Granholm announced GM’s planned investment at an event in Lansing. Earlier on Thursday, she announced the largest U.S. automaker will receive $500 million in government grants to […]
Bain Capital to buy financial software vendor Envestnet in $4.5 billion deal
(Reuters) -Private equity firm Bain Capital will buy Envestnet in a $4.5 billion deal, with backing from a cohort of investors, including BlackRock and Fidelity Investments, the financial software vendor said on Thursday. Berwyn, Pennsylvania-based Envestnet offers software for wealth managers and data for financial institutions and investment research firms. Its clients include 16 of […]
Tesla delays robotaxi launch to October from August, Bloomberg News reports
(Reuters) -Tesla is delaying the launch of robotaxi to October from August, Bloomberg News reported on Thursday, citing people familiar with the decision. Shares of Tesla were down more than 6%, ending 11 straight sessions of gains that had pushed the stock up 44%. Musk had announced the unveiling of robotaxi on Aug. 8, soon […]
Global stock index climbs while dollar falls after US inflation data
By Sinéad Carew and Marc Jones NEW YORK/LONDON (Reuters) – A global index of stocks hit record highs on Thursday, the dollar fell and Japan’s yen surged after a tame U.S. inflation reading boosted bets the Federal Reserve will be able to start cutting interest rates. U.S. Treasury yields dropped on Thursday after U.S. consumer […]