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NEW YORK: Bill Ackman’s Pershing Square Capital Management reported its second-consecutive record performance in 2020 by returning more than 70% on its investments.
Tech conglomerate to take six portfolio companies public
TOKYO: SoftBank Vision Fund managing partner Colin Fan is leaving his role at the behemoth investment fund, marking the second departure of a managing partner this month, according to people with knowledge of the matter.
An electric-vehicle-battery startup was able to produce multilayer battery cells, a crucial stumbling block in creating a safer and cheaper alternative to current lithium-ion batteries.
IBM is moving its focus away from the lacklustre health unit, to focus on its faster-growing cloud computing operations, say sources.
NEW YORK: Apex Clearing Corp, a financial technologies firm that focuses on securities custody and clearing, has agreed to go public through a merger with the blank-check company Northern Star Investment Corp II, according to people familiar with the matter.
(Reuters) - Electric-car maker Fisker Inc said it will work with Apple Inc supplier Foxconn to produce more than 250,000 vehicles a year beginning in late 2023, sending its shares up 18%.
Volocopter GmbH raised €200mil (RM980.04mil) in additional capital, the latest move in the increasingly competitive race to be the first electric air-taxi firm to start commercial flights.
(Reuters) - Walmart Inc-owned Indian e-commerce giant Flipkart is exploring going public in the United States through a deal with a blank-check firm, although a traditional stock market listing is much more likely, people familiar with the matter said.