March 29, 2024
Investors

General Motors says it may bring on new Cruise investors when it starts rolling robo taxis back on the streets

After an accident last fall that led General Motors-owned Cruise to pull its robo-taxis off the streets, GM is weighing whether it will bring more outside capital into its autonomous robo-taxi subsidiary when it’s finally ready to start putting its vehicles back on the road, a GM executive said earlier this week. While speaking at

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Funds

The Fed’s High Interest Rates Are Helping Pension Funds Close the Gap

This is commentary by Allan Sloan, an independent business journalist and seven-time winner of the Loeb Award, business journalism’s highest honor. We hear lots of talk about the problems that high interest rates have been causing since the Federal Reserve began jacking up rates two years ago. We also hear endless talk from people waiting

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Funds

Plug Power, GM Win Federal Funds In $750 Million Push To Accelerate Clean Hydrogen

The Biden Administration is disbursing $750 million of federal grant funds for electrolyzer and fuel cell production projects. getty The Biden Administration is pushing ahead with efforts to make carbon-free hydrogen a cheaper and more widely used form of clean energy, dispersing $750 million of federal funds to help companies and universities including Plug Power,

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Investors

Disney board nominates slate of dozen directors that excludes activist investors

Published: Jan. 16, 2024 at 6:22 p.m. ET Walt Disney Co.’s board on Tuesday nominated a slate of 12 directors that notably left out activist investors from Trian Fund Management (Nelson Peltz, James Rasulo) and Blackwells Group (Craig Hatkoff, Jessica Schell, Leah Solivan), both of which have been highly critical of Disney Chief Executive Robert

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