Advertisement
Aptiv And Hyundai Motor Complete Ownership Restructuring Transactions Of Motional AD
(RTTNews) - Technology company Aptiv plc (APTV) announced Thursday that Aptiv and Hyundai Motor Group have completed the previously announced ownership restructuring transactions of Motional AD LLC.
As part of the ownership restructuring, Aptiv sold an 11 percent common equity interest in Motional to Hyundai for approximately $448 million of cash consideration.
Aptiv also exchanged approximately 21 percent of its common equity in Motional for a like number of Motional preferred shares.
In addition to Hyundai's funding of Motional earlier this month, these transactions resulted in the reduction of Aptiv's common equity interest in Motional to 15 percent from 50 percent.
read more
Aptiv Boosts FY24 Adj. EPS Outlook - Updates
While reporting financial results for the first quarter on Thursday, technology company Aptiv PLC (APTV) raised its adjusted earnings guidance for the full-year 2024, while slashing annual net sales outlook.
RTTNews
|
498 dias atrás
Canadian Dollar Eases Against Most Majors
The Canadian dollar retreated against its most major counterparts in the New York session on Friday.
RTTNews
|
5 h 11 min atrás
Swiss Market Ends On Weak Note; Pharma Stocks Among Major Losers
The Switzerland market ended notably lower on Friday after languishing in negative territory right through the day's session.
RTTNews
|
8 h 58 min atrás
European Markets Close Mostly Flat
The major European markets closed roughly flat on Friday as the mood turned cautious with investors awaiting Fitch's review of France's sovereign rating. Shares from automobile, banking and healthcare sectors were among the laggards, while mining stocks found fairly good support.
RTTNews
|
9 h 41 min atrás
Canadian Market Drifts Lower On Profit Taking
Despite rising odds of interest rate cuts by the Bank of Canada and the Federal Reserve next week, the Canadian market is down in negative territory on Friday, taking a breather after consistently hitting record highs over the past several sessions.
RTTNews
|
10 h 35 min atrás
U.S. Consumer Sentiment Deteriorates Much More Than Expected In September
Preliminary data released by the University of Michigan on Friday showed consumer sentiment in the U.S. has deteriorated by much more than anticipated in the month of September. The University of Michigan said its consumer sentiment index fell to 55.4 in September from 58.2 in August. Economists had expected the index to edge down to 58.0.
RTTNews
|
12 h 16 min atrás
UK Economy Flatlines In July
The UK economy stagnated in July, posing further challenges to Chancellor Rachel Reeves as any tax hikes or spending cuts would again dampens activity. Real gross domestic product showed no growth in July, as expected, after rising 0.4 percent in June, the Office for National Statistics reported Friday.
RTTNews
|
13 h 49 min atrás
Bay Street Likely To Open On Mixed Note
Canadian shares may open on a mixed note Friday morning as investors are likely to take some profits after recent gains. Firm gold and oil prices may push up resources stocks.
RTTNews
|
14 h 28 min atrás
