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Dungeons & Dragons maker Hasbro wins battle against activist investor

A Dungeons & Dragons classic dragon hand painted by Alan Cooley, 27, of Huntington Station, New York, at Main Street Game Cafe in Huntington on November 26, 2019.Newsday LLC | Newsday | Getty ImagesHasbro has fended off a board challenge from an activist investor that wanted to shake up its board and spin off the toymaker's lucrative division that includes Dungeons & Dragons.On Wednesday, the Rhode Island-based company said its shareholders voted to reelect its 13 directors by a "substantial margin," according to…

Shares of China EV maker BYD jump after exec announces Tesla battery deal

This photo from Dec. 2019 shows robotic arms spray painting a car body shell at the BYD Automobile Company Limited Xi'an plant. BYD is set to supply Tesla with batteries "very soon," a senior company executive told a Chinese state media anchor.Yuan Jingzhi | Visual China Group | Getty ImagesShares of electric vehicle maker BYD jumped in Wednesday morning trade after a senior executive said during an interview with Chinese state media that the company is set to supply batteries to Tesla "very soon.""We're now good friends…

Volvo to Power Next-Gen Electric Cars with Fortnite Maker Epic Games, Here’s How

European carmaker Volvo has announced a collaboration with Fortnite game developer Epic Games to use its 3D creation platform ‘Unreal Engine’ to power its next generation of electric cars. Volvo Cars will now use Epic’s real-time 3D creation tool for developing digital interfaces inside its cars and rendering real-time graphics in the vehicles. Volvo Cars are the first European carmaker to use the Unreal Engine for development of the Human Machine Interface (HMI). “To offer our customers the best possible user experience…

This Tesla-Supplying Battery Maker Has Lost Some of Its Power

The world’s largest maker of EV batteries is struggling to win back investor confidence after shedding nearly $100 billion of market value in less than six months.The market has cooled on China’s Contemporary Amperex Technology Co. 300750 2.77% , or CATL, as high raw-material costs have squeezed its profit margins. Over a longer term, some investors and analysts question whether CATL’s growth could suffer as competitors expand rapidly and customers try to diversify their…

Here’s Why NSO Group, Infamous Pegasus Spyware Maker, Is Broke

Photo: MENAHEM KAHANA / AFP (Getty Images)The CEO of the notorious spyware vendor NSO Group apparently has a new plan to rebound from the company’s ongoing legal and fiscal tailspin: start re-selling its noxious spyware to the very governments that got it into trouble in the first place. Beset by ongoing lawsuits, declining sales, scurrying investors, and unendingly negative press coverage, NSO Group has entered a financial spiral and seems so strapped that it’s struggling to pay its own employees. The pivot by CEO Shalev

Premium electric bike maker Gocycle shakes up retail model, drops prices

UK-based premium electric bicycle maker Gocycle is redesigning the company’s retail model in a move to bring more value to both its retailers and its customers. The good news for the latter group is that the new model means much lower pricing on Gocycle’s most premium (and most expensive) fourth-generation e-bikes known as the G4 line. The move is centered around the company’s new Gocycle Showroom Partner (GSP) program. The program allows its current bike shop partners, as well as new bike shops that want to…

Croatian EV supercar maker Rimac raises 500 million euros

Rimac Group, the Croatian company best known for its 1,900 horsepower Nevera electric sports car, said it has raised 500 million euros (about $537 million) from investors including Goldman Sachs, Porsche and a technology fund advised by Japan's SoftBank.The new funding round values Rimac at over 2 billion euros.Rimac made headlines last year when it agreed to take a controlling interest in Bugatti, the ultra-exclusive French automaker that had long been part of the Volkswagen Group. As part of that deal, Bugatti and…

Fire Breaks out at EV Maker Ather Energy’s Premises in Chennai, Situation in Control

As EV fires continue to make headlines in the country, a fire broke out at electric scooter manufacturer Ather Energy’s experience centre in Chennai. The company said in a tweet that there has been a minor fire incident on its premises in Chennai. “While some property and scooters got affected, thankfully all employees are safe and things are under control. The experience centre will be operational shortly,” the EV company said late on Friday. It, however, did not reveal what caused the fire incident. The company was…

‘I like being a maker of wonderful things’: composer Tom Coult on his opera Violet | Opera

“I didn’t want an off-the-shelf story,” says Tom Coult of his new opera. “A Greek myth or a Shakespeare or whatever. But I’m no good at making up stories – it’s not what I do.” The 33-year-old composer is drinking coffee in the sun outside a rehearsal room where he is preparing for the premiere of Violet, the opening event of this year’s Aldeburgh festival. And he’s extolling the work of his librettist, the playwright Alice Birch, who has also recently created screenplays for the TV adaptations of Sally Rooney’s Normal…