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
|
hace 199
Canadian Market Settles Lower; TSX Sheds 0.6%
The Canadian market ended notably lower on Friday, weighed down by losses in energy, industrials and materials sectors, and on uncertainty about Federal Reserve's interest rate trajectory.
RTTNews
|
hace 2
Dollar Turns In Mixed Performance Against Major Counterparts
The U.S. dollar turned in a sluggish performance on Friday with investors assessing the Federal Reserve's likely moves with regard to interest rate reductions in the wake of most recent economic data, and Fed Chair Jerome Powell's somewhat hawkish comments.
RTTNews
|
hace 2
Canadian Shares Notably Lower
The Canadian market is down in negative territory Friday afternoon with stocks from several sectors reeling under sustained selling pressure amid uncertainty about U.S. interest rate cuts after dovish comments from Fed Chair Jerome Powell.
RTTNews
|
hace 2
Swiss Market Ends Lower On Growth Concerns
Swiss stocks tumbled on Friday, weighed down data showing a slowdown in growth, and uncertainty about Fed interest rate cuts following hawkish comments by the central bank chair Jerome Powell.
RTTNews
|
hace 2
U.S. Dollar Strengthens After Strong Retail Sales Data
The U.S. dollar climbed against its most major counterparts in the New York session on Friday, following the release of the latest batch of economic data, including a Commerce Department report showing retail sales increased by slightly more than expected in October.
RTTNews
|
hace 2
European Stocks Close Lower On Rate Cut Uncertainty, Growth Concerns
European stocks closed lower on Friday, weighed down by concerns about the outlook for U.S. interest rate cuts following Federal Reserve Chair Jerome Powell's hawkish comments. Disappointing economic data from China weighed as well.
RTTNews
|
hace 2
U.S. Business Inventories Inch Up Slightly Less Than Expected In September
With a jump by retail inventories partly offset by dips by manufacturing and wholesale inventories, the Commerce Department released a report on Friday showing U.S. business inventories crept up by slightly less than expected in the month of September. The Commerce Department said business inventories inched up by 0.1 percent in September after climbing by 0.3 percent in August.
RTTNews
|
hace 2
