Value fund manager AJO with $10 billion assets to shut business

Quantitative fund manager AJO Partners, which manages $10 billion, said on Wednesday it will shut at the end of the year after ...

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Tesla’s back-to-back price cuts bring sticker on U.S. Model S below $70,000

U.S. electric vehicle maker Tesla Inc (O:TSLA) cut the price of its Model S "Long Range" sedan in the United States to $69,420, its website showed, ...

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Ford moves Escape SUV production to next year

Ford Motor Co (N:F) said on Tuesday it was moving full-scale production of its plug-in Escape sport-utility vehicle to next year as it reviews similar ...

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In China, Apple’s 5G iPhone 12 sparks fever-pitch, but divided reaction

Apple (NASDAQ:AAPL)'s iPhone 12 launch drew mixed reactions in mainland China on Wednesday, with fans cheering a 5G model for their favourite brand ...

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Aimmune shareholders accept $2 billion Nestle tender offer

Aimmune Therapeutics Inc (O:AIMT) shareholders have backed Nestle's (S:NESN) $2 billion offer to gain full ownership of the first U.S.-approved peanut ...

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SoftBank Vision Fund preparing blank cheque acquisition company: source

SoftBank Group Corp's (T:9984) Vision Fund is targeting external funding for a blank-cheque acquisition company it plans to launch, a person ...

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