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French automaker Renault said Monday that it was halting the initial public offering of its EV unit Ampere, saying market conditions were unfavourable to list the company's shares.Ampere launched in November 2023 and plans were to list the unit's shares on the stock exchange in the first half of 2024 at an estimated valuation of eight to 10 billion euros, or as much as Renault.
After a year of layoffs, legal settlements, restructuring and setbacks, 3M ended 2023 on an upswing. "When I look at the fourth quarter, it's a culmination of a year where we took significant steps to improve our operational performance," said Monish Patolawala, 3M president and chief financial officer. The Maplewood-based company beat Wall Street expectations and last year's results with a ...
Generic drugmaker Stada has spun off its Russian business into a separate company called Nizhpharm, the Welt am Sonntag newspaper reported on Saturday, citing a spokesperson from the German company. Nizhpharm will operate independently and autonomously, the newspaper cited a spokesperson as saying. Stada declined to comment on the report.
Plus, Epic Games is feeling good, Durham Starbucks workers approve union, and a new NC State study shows corporations keep finding ways to sidestep taxes.
Nottingham City Council says liquidation will not affect the running of the heating network.