Reuters Nissan Motor will hike top wages for workers at U.S. manufacturing plants by 10 in January after the United Auto Workers union reached new contracts with the Detroit Three automakers, a company spokesperson said on Monday. The Japanese automaker said the wage hike takes effect Jan. 8 for production technicians, maintenance, and tool die technicians. […]

Reuters Kraken, one of the world39;s largest cryptocurrency exchanges, was sued on Monday by the U.S. Securities and Exchange Commission, which accused it of illegally operating as a securities exchange without first registering with the regulator. The lawsuit in San Francisco federal court is the latest step in SEC Chair Gary Gensler39;s push to bring […]

MILAN, Nov 21 Reuters Carmaker Stellantis and Chinese EV battery giant CATL said on Tuesday they signed a preliminary agreement for the supply of battery cells and modules for the automaker39;s electric vehicle EV production in Europe. The two companies said in a joint statement they were also considering a possible investment to set up a 5050 […]

Reuters General Motors39; Cruise cofounder and chief product officer Daniel Kan has resigned, the company told Reuters on Monday, a day after Cruise CEO Kyle Vogt quit. Kan announced his resignation in a Slack message which was viewed by Reuters. The company and Kan offered no other details. In his message to employees Kan noted that […]

DUBAI, Nov 21 Reuters Dubai Taxi Company DTC on Tuesday kicked off the subscription period for its upcoming initial public offering IPO, and announced a price range for the offering, which would value it at up to 4.6 billion dirhams 1.25 billion. DTC, which plans to offer a 25 stake through a public sale, set a range […]

NEW YORK, Nov 20 Reuters Citigroup CEO Jane Fraser announced the company was carrying out its next layer of management changes in a sweeping reorganization, according to a memo to staff on Monday. The actions we39;re taking to reorganize the firm involve some difficult, consequential decisions, but we believe they are the right steps to align […]

STOCKHOLM, Nov 20 Reuters U.S. hedge fund Fir Tree Partners, a bondholder in property group SBB, said on Monday the Swedish company39;s debt buyback offer placed too much weight on the interests of shareholders and did not address its obligations to creditors. Lossmaking SBB, which is at the centre of a wider Swedish property crash, […]