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BP's Whiting refinery union workers reject contract extension
Reuters· 2026-01-31 23:45
Core Viewpoint - United Steelworkers members at BP's Whiting refinery rejected a contract extension offer, indicating potential labor unrest at the largest refinery in the U.S. Midwest [1] Group 1: Company Overview - BP operates a refinery in Whiting, Indiana, with a capacity of 440,000 barrels per day, making it a significant player in the U.S. Midwest refining sector [1] Group 2: Labor Relations - The United Steelworkers union members voted against BP's proposal to extend their contract by 28 days, which may lead to negotiations or disruptions in operations [1]
Ford held talks with China's Xiaomi over EV partnership, FT reports
Reuters· 2026-01-31 19:52
Group 1 - Ford is in discussions with Xiaomi to establish a joint venture for electric vehicle (EV) manufacturing in the U.S. [1]
Waymo seeking about $16 billion near $110 billion valuation, Bloomberg News reports
Reuters· 2026-01-31 19:39
Group 1 - Waymo, a unit of Alphabet, is seeking to raise approximately $16 billion in a financing round [1] - The financing round would value Waymo at nearly $110 billion [1]
Nvidia CEO Huang denies he is unhappy with OpenAI, says 'huge' investment planned
Reuters· 2026-01-31 14:21
Core Viewpoint - Nvidia plans to make a significant investment in OpenAI, which is expected to be its largest investment to date, as stated by CEO Jensen Huang, who also clarified that there are no issues with the relationship between Nvidia and OpenAI [1] Group 1 - Nvidia's upcoming investment in OpenAI is described as "huge" and potentially the largest in the company's history [1] - CEO Jensen Huang emphasized that he is not dissatisfied with OpenAI, countering any speculation regarding their partnership [1]
Toyota to recall over 161,000 US vehicles over rear-view camera display
Reuters· 2026-01-31 08:14
Core Point - Toyota is recalling 161,268 vehicles in the U.S. due to an issue with the rear-view camera display when the vehicle is in reverse [1] Group 1 - The recall affects a total of 161,268 vehicles [1] - The issue pertains specifically to the rear-view camera display functionality [1] - The recall was announced by the National Highway Traffic Safety Administration [1]
Boeing reaches labor deal with former Spirit AeroSystems white-collar workers
Reuters· 2026-01-31 03:02
Group 1 - Boeing has finalized a new contract with approximately 1,600 white-collar workers from the former Spirit AeroSystems, which Boeing re-acquired in December [1]
Nvidia's plan to invest up to $100 billion in OpenAI has stalled, WSJ reports
Reuters· 2026-01-31 00:00
Nvidia's plan to invest up to $100 billion in OpenAI to help it train and run its latest artificial-intelligence models has stalled after some inside the chip giant expressed doubts about the deal, th... ...
Tesla persuades Delaware's top court to slash legal fees in director pay lawsuit
Reuters· 2026-01-30 23:46
The Delaware Supreme Court handed Tesla a victory on Friday, slashing by more than $100 million the legal fees owed to shareholder lawyers who successfully sued directors at Elon Musk's electric car... ...
Exclusive: Saks ending e-commerce partnership with Amazon, source says
Reuters· 2026-01-30 23:44
Group 1 - Saks Global, a bankrupt retailer, is terminating its partnership with Amazon.com for the "Saks on Amazon" initiative [1]
Combining SpaceX with xAI may be simple for Musk Inc, but Tesla isn't so easy
Reuters· 2026-01-30 23:32
Core Viewpoint - The concept of a Musk Inc, a merger of companies owned by Elon Musk, has been a topic of interest, especially with SpaceX's anticipated public offering and Tesla's transition challenges [1] Group 1 - SpaceX is expected to go public later this year, indicating a significant shift in its operational strategy [1] - Tesla is facing difficulties in transitioning from human-driven electric vehicles (EVs) to robotaxis and robots, which may impact its market position [1] - Some supporters of a larger Musk conglomerate are now advocating for a more cautious approach, suggesting starting with smaller initiatives [1]