WASHINGTON (Reuters) - The U.S. Environmental Protection Agency said on Wednesday it is beginning the effort to reverse the Biden administration’s vehicle emissions rules that would force automakers to build a rising number of electric vehicles.The Trump administration said it would reconsider the EPA’s 2024 rules that would cut passenger vehicle fleetwide tailpipe emissions by nearly 50% by 2 ...
Investing.com -- A consortium made up of Warburg Pincus and KKR & Co (NYSE:KKR). is reportedly in discussions to acquire Gerresheimer AG (BS:GXId), a German company that manufactures packaging for drugs and cosmetics, according to a report from Bloomberg, citing sources. These private equity companies emerged as the leading contenders after joining forces and outlasting other potential bidde ...
Investing.com -- Evercore ISI upgraded Capital One Financial Corp (NYSE:COF) to "Outperform" from "In Line," focusing on long-term earnings upside from its pending acquisition of Discover Financial Services (NYSE:DFS), offsetting the near-term risks like consumer weakness and regulatory concerns. Brokerage’s price target on the stock was $200, roughly a 21% upside.A delayed DFS deal closi ...
By Mimosa Spencer and Tassilo HummelPARIS (Reuters) -Frederic Arnault, one of the five children of LVMH chairman and CEO Bernard Arnault, will become chief executive of the group’s high-end Italian cashmere label Loro Piana in June, the world’s biggest luxury group said in a statement on Wednesday. The move is part of an ongoing extensive top management reshuffle as a new generation rises thro ...