COMPANIES

Innomotics, a subsidiary whose motors and other systems are used in a variety of industries including chemicals, oil, utilities and automotive, employs around 15,000 people.

In the ensuing weeks, Boeing has endured troubling congressional hearings with whistleblowers and safety experts, repeat delays to a space launch, and a steep decline in commercial plane deliveries that has deepened financial losses.

The entertainment and electronics behemoth has been in the spotlight after reports said it was working with Apollo Global Management on a potential joint bid for US film and television giant Paramount Global.

The US giant aims to complete the all-cash acquisition of Foodpanda Taiwan by the first half of 2025, it said in a statement.

Taiwan Semiconductor Manufacturing Company controls more than half the world's output of chips, and supplies them for everything from Apple's iPhones to Nvidia's cutting-edge artificial intelligence hardware.

The FAA said it opened the investigation after Boeing notified it that the company may not have completed required inspections, which are needed to ensure a safe and functional electrical flow between aircraft components.

Apple took in a record high amount from digital goods and services sold to fans of the iPhone-maker's gadgets, chief executive Tim Cook said in an earnings release.

The group unveiled a fresh $3.5-billion stock buyback and forecast capital expenditure this year would reach between $22 billion and $24 billion.

Elon Musk's EV company, which moved earlier this month to cut more than 10 percent of its 140,000 employees, will disband two departments and lay off most of the employees from the groups, reported the Information late Monday.

The overnight success of OpenAI's ChatGPT thrust generative AI as Silicon Valley's latest tech revolution, lifting Microsoft, OpenAI's main backer, to become the world's most valuable company.

US lawmakers set the nine-month deadline on national security grounds, alleging that TikTok can be used by the Chinese government for espionage and propaganda as long as it is owned by ByteDance.

Taiwan Semiconductor Manufacturing Company -- whose clients include Apple and Nvidia -- controls more than half the world's output of silicon chips, which have been called the "lifeblood" of the modern world.

Elon Musk's auto giant reported 386,810 global deliveries over the period, down 8.5 percent, reflecting in part a weak sales market in China, where it faces heavy competition from local electric vehicle (EV) makers.

An initial split took place in January 2023 with the creation of GE HealthCare, bringing together all the health care activities. The official finalization of the separation comes Tuesday, with General Electric disappearing in favor of GE Vernova, dealing with energy activities, and GE Aerospace, the new name of the late GE.

The 52-year-old tycoon confirmed he takes the anesthetic -- typically used for pain management and to treat depression -- following reports in the US media that his drug use was spooking investors.

The firm -- also known by its official name Hon Hai Precision Industry -- is the world's biggest contract electronics manufacturer and assembles devices for several companies, most notably Apple's iPhones.

Chair Patrick Healy said that "2023 was our first profitable year since 2019" and added that the imbalance between supply and travel demand "resulted in high yields and contributed to a strong financial performance in both halves of the year".

The protest came days after Tesla's Gruenheide site was forced to halt production after a nearby electricity pylon was set on fire in a suspected arson attack, causing a power outage at the plant.

CEO Bill Anderson, hired last year to help steer the troubled group in a new direction, ruled out any imminent break-up of the company -- despite mounting pressure from activist investors.

Tesla said in a statement that the production facilities in Gruenheide were in a "safe state" after the shutdown, and workers had been sent home.

Electronic Arts on Wednesday said it is cutting about 5 percent of its workforce, as belt tightening continues in the video game and tech industries.

India's entertainment market is already one of the world's biggest, with the merger expected to further shake up the multi-billion-dollar industry.

Ed Clark, an 18-year Boeing veteran is "leaving the program," Boeing Commercial Aviation (BCA) chief Stan Deal said in a memo released by the company. Katie Ringgold has been named as his replacement.

The $8.6-billion facility in the southern Kumamoto region showcases TSMC's efforts to make some of its strategically crucial chips elsewhere than hotspot Taiwan, as well as Japan's push to revive its once-dominant semiconductor sector.

The Asia-focused lender and its peers have been buoyed by rising interest rates for more than a year, but are bracing for greater economic uncertainties in 2024.

Acquisition of Discover will help "build a payments network that can compete with the largest payments networks and payments companies," said Capital One founder and CEO Richard Fairbank in a statement.

Venezuelan President Nicolas Maduro has vowed to bar US petroleum giant ExxonMobil from the waters off the oil-rich region of Essequibo, which Caracas claims from Guyana as its own.

JPMorgan Asset Management, which manages $3.1 trillion in assets, has not renewed its membership in Climate Action 100+, saying through a spokesperson that it will oversee its stewardship on climate change with companies with its bank staff.

The group, which delivered 735 aircraft last year despite supply chain problems, said it plans to deliver about 800 in 2024. It reached the mark in 2018 before the pandemic battered the aviation industry.