Business

Ford to announce $3.5 bln battery plant in Michigan, sources say

Ford Motor Co (F.N) is set to announce as soon as Monday it plans to build a $3.5 billion lithium iron phosphate battery plant in Michigan, sources told Reuters.

February 11, 2023 9:34 am
 

Business

PM unveils rebrand for broadcaster

Prime Minister Sitiveni Rabuka yesterday announced a rebranded FBC, with a new logo and slogan to depict the new dawn for the oldest media company in the country.

February 11, 2023 7:36 am
 

Business

Biden hasn’t committed to Super Bowl interview with Fox, source says

President Joe Biden has not yet committed to a pre-Super Bowl interview with Fox News, a person at the channel familiar with the matter said, a move that suggests the Democrat may buck the tradition of granting the network broadcasting the big game an interview.

February 10, 2023 1:59 pm
 

Business

Activist Peltz makes nice with Disney, ends board challenge

Activist investor Nelson Peltz on Thursday ended his quest for a board seat at Walt Disney Co (DIS.N) after Chief Executive Bob Iger laid out plans to fix the home of Mickey Mouse, cheering investors.

February 10, 2023 10:32 am
 

Business

Mercedez-Benz faces over 300,000 UK claims over diesel emissions

Mercedes-Benz (MBGn.DE) faces more than 300,000 claims at London’s High Court from the owners of diesel vehicles that were allegedly equipped with “defeat devices” to cheat emissions tests.

February 10, 2023 9:20 am
 

Business

Meta restores Donald Trump's access to Facebook, Instagram

Meta Platforms Inc has restored former U.S. President Donald Trump’s access to Facebook and Instagram, Meta spokesperson Andy Stone confirmed on Thursday, following a two-year suspension after the deadly Capitol Hill riot on Jan. 6, 2021.

February 10, 2023 8:21 am
 

Business

U.S. investigating Elon Musk's Neuralink over hazardous pathogens

The U.S. Department of Transportation said on Thursday it is investigating Elon Musk’s brain-implant company Neuralink over the potentially illegal movement of hazardous pathogens.

February 10, 2023 7:26 am
 

Business

Schibsted, publishers look to EU tech rules to resolve Apple antitrust concerns

Norwegian media group Schibsted (SCHA.OL) and the European Publishers Council have urged EU antitrust regulators to ensure that tech rules coming into play this year will rein in Apple’s (AAPL.O) powers, especially over its App Store.

February 9, 2023 4:23 pm
 

Business

Upgrade of minibus stand in Nadi next month

Renovation work at the minibus stand in Nadi is expected to start from next month.

February 9, 2023 4:18 pm
 

Business

Uber focuses on 2023 profits as pandemic pain eases

Uber Technologies Inc (UBER.N) said it would focus on delivering profits this year, after rounding off 2022 with blowout earnings as a surge in demand for the airport and office rides helped the company rebound from pandemic lows.

February 9, 2023 3:10 pm
 

Business

Disney to cut 7,000 jobs in major revamp by CEO Iger

Walt Disney Co (DIS.N) on Wednesday announced a sweeping restructuring under recently reinstated CEO Bob Iger, cutting 7,000 jobs as part of an effort to save $5.5 billion in costs and make its streaming business profitable.

February 9, 2023 2:21 pm
 

Business

Britain takes aim at Microsoft's $69 billion 'Call of Duty' deal

Britain placed another hurdle in the way of Microsoft’s (MSFT.O) $69-billion mega purchase of “Call of Duty” maker Activision Blizzard (ATVI.O), saying it could harm gamers by weakening the rivalry between Xbox and Sony’s PlayStation.

February 9, 2023 12:52 pm

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