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Exclusive-Northvolt Seeks to Sell Electric Industrial Battery Business by Year-End
Date: December 4, 2024
By Marie Mannes STOCKHOLM (Reuters) – Northvolt has held talks with a big industrial company on selling the business that makes electric battery packs for heavy industry, as a lack of funds forces it to try to divest one of its few profitable operations by the year-end, an internal memo shows. The rush to sell...
Microsoft Faces UK Lawsuit Over Cloud Computing Licences
Date: December 3, 2024
LONDON (Reuters) – Microsoft faces legal action in Britain over a claim that thousands of businesses using cloud computing services provided by Amazon, Google and Alibaba could be paying higher licence fees to use Windows Server software. Competition lawyer Maria Luisa Stasi filed a case at the Competition Appeal Tribunal on Tuesday, claiming that British...
Italy’s Biggest Bank Intesa Says All Tech Issues Resolved
Date: December 3, 2024
MILAN (Reuters) – Intesa Sanpaolo has resolved all technical issues that made it difficult for clients to access its home banking app on Monday, a spokesperson for Italy’s biggest bank said, after users reported problems with the services earlier in the day. “All access channels are back to normal,” the spokesperson told Reuters. “Pension payments...
Tavares Clashed With Stellantis Board Over Revival Plan, Sources Say
Date: December 3, 2024
By Giulio Piovaccari and Alessandro Parodi MILAN (Reuters) – Outgoing CEO Carlos Tavares clashed with Stellantis’ board over his plans to quickly turn around the ailing U.S. business by cutting costs, rather than focusing on long-term strategy, investors and bankers familiar with the matter said on Monday. Shares in the Jeep, Fiat and Peugeot manufacturer...
Seeking Higher Margins, Stellantis CEO Tavares Lost Some Core Customers
Date: December 2, 2024
By Giulio Piovaccari, Alessandro Parodi and Inti Landauro MILAN (Reuters) – When 24-year-old Elena Aragon set out to buy a new car, she reviewed a range of no-frills brands in her home town of Cadiz, Spain, including Stellantis’ Fiat and Peugeot. In the end, she bought a Hyundai. “The basic models for Fiat and Peugeot...
Unwelcome in Germany, UniCredit CEO Zeroes in on Italy
Date: December 2, 2024
By Tom Sims, John O’Donnell and Valentina Za MUNICH/FRANKFURT/MILAN (Reuters) -Just days before UniCredit CEO Andrea Orcel set his sight on a takeover target in Italy, more evidence emerged of fierce resistance to his interest in German flagship lender Commerzbank. A group of customers from Germany’s corporate elite pleaded with Commerzbank’s CEO to reject a...