
Boeing selling dozens of 737 MAX 7 to Southwest Airlines
Mar 11, 2021 23:59 pm UTC| Business
Boeing Co is close to selling dozens of its 737 MAX 7 jets to Southwest Airlines Co, that includes potentially significant options. Each 737 MAX 7has a listed price of around $100 million, though it sells for less than...

EV start-up Canoo to offer pod-like electric pickup in 2023
Mar 11, 2021 23:58 pm UTC| Business
Los Angeles-based electric vehicle startup Canoo Inc will introduce an American-built pod-like electric pickup truck in the first quarter of 2023 and would begin taking pre-orders in the second quarter of 2021. Canoo...

Roblox shares soar 54% in NYSE debut, valued at $45.2 billion
Mar 11, 2021 23:56 pm UTC| Business
Shares of US gaming company Roblox Corp closed at $69.47 in its New York Stock Exchange trading debut, up by 54.4 percent from the reference price of $45, valuing the company at $45.2 billion. The San Mateo,...

Mar 11, 2021 23:54 pm UTC| Business
Container vessels at Singapores port now need to wait five to seven days for a turnaround, up from a two-day maximum for ultra-large 18,000 TEU vessel, due to a recent surge in vessel calls and container volumes. There...

SK vows to reject LG's resolution offer if its means discontinuation or reduced US business
Mar 11, 2021 23:53 pm UTC| Business
SK Innovation Co Ltd vowed not to accept any proposal by rival LG Energy Solution to resolve their legal dispute if it would result in crippling its business in the US. LG reportedly proposed settlement terms to SK,...

Kumho Tire to expand its plant in Vietnam with $297.6 million investment
Mar 11, 2021 11:56 am UTC| Business
Kumho Tire revealed this week that it would be investing KRW340 billion won or around $297.6 million to expand its plant in Vietnam. This move will allow the company to double its production capacity. The reason behind...

Buzzfeed kicks out 45 journalists from its newly-acquired Huffpost
Mar 11, 2021 11:48 am UTC| Business
After acquiring HuffPost not long ago, one of Buzzfeeds first moves was to fire at least 45 employees from the media company that it purchased. The layoffs were revealed early this week by HuffPost union. The workers...