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Global Battery Race Heats Up With Billions for Europe’s Northvolt

Jan. 16, 2024 12:01 am ETOne of the world’s most valuable battery startups is raising $3.4 billion in debt from the European Union and a group of banks including JPMorgan Chase, accelerating a race to build more batteries outside China and take advantage of a tidal wave of clean-energy subsidies.Europe’s Northvolt plans to use the funding to grow battery production at a factory in northern Sweden for customers such as Volkswagen and BMW. It also plans to expand a recycling facility next door that will convert scrap metal

Apple to Remove Blood Oxygen Sensor From Watch to Avoid U.S. Ban, Rival Says

Updated Jan. 15, 2024 2:27 pm ETAppleis removing a blood-oxygen sensor from some of its smartwatches to get around a patent dispute related to the technology, a step likely to avoid further sales disruptions but one that may raise questions about the company’s push into health.The company halted sales of some watch models briefly last month after a U.S. import ban went into effect stemming from an October ruling by the U.S. International Trade Commission. The trade agency found Apple had violated the patents of

Thomson Reuters Buys Majority Stake in Pagero

Thomson Reuters said it has bought a majority stake in the Pagero Group, taking it closer toward full control of the latter.Apart from the key shareholders, including Summa Equity, Pagero’s chief executive Bengt Nilsson, several members of the management team and employees, have sold their stock to the company, Thomson Reuters said Monday.Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 Thomson Reuters said it has bought a majority stake in the Pagero Group, taking it

Axel Springer Stands By Business Insider Reporting on Bill Ackman’s Wife

Jan. 14, 2024 12:27 pm ETBusiness Insider owner Axel Springer said it stands by the publication after reviewing the reporting process behind stories that alleged plagiarism by Neri Oxman, the designer and former Massachusetts Institute of Technology professor who is married to hedge-fund billionaire Bill Ackman.The German media company said last week it would review the process and motivations behind the recent BI articles. The review came amid complaints from Ackman, in a series of posts on X, about the publication’s

International Flavors & Fragrances Taps Fyrwald to Succeed Clyburn as Next CEO

Updated Jan. 11, 2024 5:10 pm ETInternational Flavors & Fragrances tapped J. Erik Fyrwald to succeed Frank Clyburn as its next chief executive officer.The company, which manufactures flavors and fragrances used in food, beverage, personal-care and household products, also appointed Fyrwalk to the board. The CEO and board appointments are effective Feb. 6.Copyright ©2024Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 Updated Jan. 11, 2024 5:10 pm ETInternational Flavors &

EPA Calls on Telecom Executives to Meet About Lead-Sheathed Phone Cables

 The Environmental Protection Agency sent letters requesting telecom companies to meet with the agency about their lead-sheathed phone cables, in a new phase of an investigation in the EPA’s efforts to protect the public from potential lead hazards.The agency’s move comes on the heels of the EPA finding more than 100 soil and sediment readings with lead above the regulator’s safety guideline for children at some phone lead-cable sites identified by The Wall Street Journal in three states.Copyright ©2024Dow Jones &

Apple Directors Al Gore, James Bell to Retire

Apple’s board of directors is getting a shake up.Longtime Apple board member Al Gore is retiring from the board, the company announced Thursday. The former U.S. vice president had been a board member since 2003, a witness of the company’s rise and transformation a few years after the return of co-founder Steve Jobs as chief executive.Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 Apple’s board of directors is getting a shake up.Longtime Apple board member Al Goreis

EBay to Pay $3 Million Penalty for Employees Sending Live Cockroaches, Fetal Pig to Bloggers

EBay agreed to pay a $3 million criminal penalty after employees engaged in a harassment campaign against two bloggers for their coverage of the company, including mailing them live cockroaches and a fetal pig. The e-commerce giant was charged with two counts of stalking through interstate travel, two counts of stalking through electronic communications services, one count of witness tampering and one count of obstruction of justice. Copyright ©2024Dow Jones & Company, Inc. All Rights Reserved.

It’s Time to Turn on Two-Factor Authentication

We get it. Turning on two-factor authentication for your online accounts can be a pain. But like going to the dentist, it’s just something you have to do.On Tuesday, someone broke into the Securities and Exchange Commission’s official X account and tweeted that spot bitcoin exchange-traded funds had been approved, sending the price of the cryptocurrency briefly higher. The official-looking announcement was a hack, an SEC spokeswoman said; the agency did officially approve the ETFs on Wednesday. Copyright ©2024Dow Jones

Rent the Runway to Cut About 10% of Corporate Jobs, Lose Operating Chief

Rent the Runway is putting in place another restructuring plan that includes cutting about 10% of its corporate roles.The fashion subscription company on Tuesday said the turnaround plan comes with the resignation of Anushka Salinas as operating chief and president, effective Jan. 31.Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 Rent the Runwayis putting in place another restructuring plan that includes cutting about 10% of its corporate roles.The fashion