Category: Business

Wireless carrier AT&T Inc said on Thursday it will sell about a third of its stake in satellite TV unit DirecTV to buyout firm TPG Capital in a deal that values the business at $16.25 billion, well below the $68 billion it paid for the asset less than six years ago. The newly created New […]

Treasury Secretary Janet Yellen says fears that the administration’s $1.9 trillion relief bill could trigger a rapid rise in inflation are misplaced. In an interview on MSNBC on Monday, Yellen said the measure, which will provide $1,400 checks to millions of American along with other assistance, will provide needed relief and help the economy return […]

Fisker Inc CEO said on Thursday that the electric vehicle startup is considering setting up a battery cell manufacturing facility with an unidentified major supplier in Europe or the United States, to secure stable supplies of the key component. Fisker, which was once a rival to Tesla Motors Inc in the nascent market for electric […]

Shares in Kia Corp rose as much as 8.1% on Friday after a South Korean online news site said there was still potential for the automaker to form a partnership with Apple Inc. Shares in Hyundai Motor Co and its affiliate Kia were roiled earlier this year after Hyundai initially confirmed early stage talks with […]

A sharp jump in U.S. Treasury yields this week has bond managers talking about a “tantrum”, worrying about extreme moves and pockets of poor liquidity in the $20 trillion market. The selloff in U.S. Treasury bonds, which pushes prices down and yields up, has gathered steam in recent weeks due to rising expectations for economic […]

Tim Hortons China has completed a new fundraising round from Sequoia Capital China, Tencent Holdings and Eastern Bell Capital, and plans to add more than 200 shops to its network this year, the coffee chain operator said on Friday. The Toronto-based firm, which competes with Starbucks Corp and Coca-Cola’s Costa Coffee in China, did not […]

GameStop took a step toward a more digital future Monday, naming an activist investor to lead company efforts to push more of its business online. The stock, which has become the focus of federal regulators after online traders challenged more institutional investors and sent shares gyrating wildly, jumped almost 50% in midday trading. Ryan Cohen, […]