Porsche Automobil Holding SE and Volkswagen Group invested in lidar startup company Aeva Inc. Both companies declined to issue the total investment amount, with Porsche only choosing to say that the amount was “significant.”
The additional investment in Aeva comes...
IRA expert Ed Slott released a guide on how to avoid the tax trap that often befalls individuals who invest in individual retirement accounts (IRAs). In an Investment News report, Slott advised the public to use trustee-to-trustee transfer services...
Nestle SA and PAI Partners joined forces to dominate the ice cream business in an intense competition with market leader Unilever PLC.
Nestle agrees to sell its US ice-cream arm joint to private equity firm Froneri for $4 billion. Froneri...
Boston-based venture capital firm Omega Funds announced Wednesday, Dec 11, it has completed its Omega Fund VI, L.P. (“Fund VI”) with a total of $438 million in capital commitments. The latest fundraising round brings the total capital raised by...
Renowned investment bank Morgan Stanley is slated to cut approximately 1,500 jobs. According to the company, its decision stems from the future of the banking and investment industry against the current economic climate.
Bulk of the employees that will be...
Independent firm First Eagle Investment Management announced Sunday, Dec 8, it has entered into a definitive agreement to acquire Boston-headquartered THL Credit. The acquisition is expected to complement First Eagle’s alternative credit platform, thereby solidifying its place as a...
The incoming new leadership in Indonesia’s fossil fuel sector is set to entice more foreign investments, said Al Bawaba. SKK Migas, the regulator, is specifically targeting Gulf members, especially Saudi Aramco.
SKK Migas Vice-Chairman Fatar Yani Abdurrahman noted that foreign...
Italian daily newspaper Corriere della Sera reported that the Vatican is being investigated for money laundering. This comes in light of the fact that the Secretariat of State holds capital in Centurion Global Fund, which funded the recently released...
Japanese brand Shiseido opened its first domestic factory in 36 years last Wednesday, December 4, 2019, where the beauty and cosmetics giant reportedly shelled out $1.5 billion to expand operations. The company’s decision to boost business comes with its...
Michigan-based May Mobility has secured a $50 million commitment in a Series B funding round led by Toyota Motor Corp., along with the participation of SPARX Group, Millennium Technology Value Partners, Cyrus Capital Partners, BMW iVentures, and Toyota AI...
