OAKLAND, California, June 22 Reuters U.S. memory chip firm Micron Technology, Inc said on Thursday it would invest up to 825 million in a new chip assembly and test facility in Gujarat, India, its first factory in the country. Micron said that with support from the Indian central government and from the state of Gujarat, the […]

WASHINGTON, June 22 Reuters The U.S. Energy Department plans to lend up to 9.2 billion to a joint venture of Ford Motor and South Korea39;s SK On to help it build three battery plants in Tennessee and Kentucky. The conditional commitment for the lowcost government loan for the BlueOval SK joint venture comes from the government39;s […]

June 22 Reuters Lordstown Motors founder and former CEO Stephen Burns has sold his entire stake in the electricvehicle maker, according to a regulatory filing. The company in May implemented a reverse stock split to comply with Nasdaq39;s minimum 1 listing requirement and appease investor Foxconn that had threatened to scrap a 170 million funding in the cashstrapped company. […]

FRANKFURT, June 22 Reuters German plastics and chemicals maker Covestro AG has rejected an initial takeover proposal from Abu Dhabi National Oil Co ADNOC saying the offer was too low, Bloomberg News reported on Thursday citing people familiar with the matter. The stock jumped as much as 3.7 after the report was published, after trading down […]

Reuters Uber Technologies said on Wednesday it was cutting 200 jobs in its recruitment division amid plans to keep the staff count flat through the year and streamline costs. The reductions affect less than 1 of Uber39;s 32,700strong global workforce and follow the rideshare company laying off 150 employees in its freight services division earlier this […]