Apple Aims to Make a Quarter of the World’s iPhones in India
Supplier Foxconn plans to build more factories and give India a production role once limited mostly to China.
KKR Bids $1.6 Billion for U.K.’s Smart Metering Systems
The buyout firm sees the business as a key player in the transition to renewable energy.
Chinese Gamer-Networking App Nears SPAC Merger in Hong Kong
A Chinese social-networking platform aimed at Gen Z users is nearing a deal to go public by combining with a blank-check company listed in Hong Kong.
Anglo American Warns on Output, to Cut Costs
Anglo American cautioned that production next year would fall around 4% due to near-term constraints and volatile market conditions, and said it planned to cut costs by $1 billion.
Levi Strauss Names Michelle Gass as Next CEO
The former Kohl’s boss will succeed longtime executive Chip Bergh who helped overhaul the jeans maker.
S&P Global Finance Chief Ewout Steenbergen to Depart
S&P Global Chief Financial Officer Ewout Steenbergen will leave the company.
Bain Capital Banks Massive Return on Cerevel Deal
AbbVie’s $8.7 billion purchase is expected to deliver a return of over 10 times invested capital to the buyout firm.
Yellow Rejects Bid to Revive the Collapsed Trucking Company
A notice from the trucker’s lawyers says the bankrupt business is moving forward with the sale of properties and liquidation of equipment.
FedEx Sends Safety Warning to Contractors Amid Reports of Crimes Against Drivers
Videos of carjackings and thefts from trucks have been posted on social media during the busy season for package carriers.
Teamsters Strike at DHL’s Cincinnati Air Cargo Hub
The logistics company said it has enacted contingency plans to avoid significant disruptions.
Source: Dow Jones Newswires