Geely already owns the Swedish car brand Volvo. Now it is poised to become the biggest shareholder in AB Volvo, the world’s second-largest truck manufacturer in a transaction worth more than $3 billion.
Demand for the tech, best known for supporting Bitcoin, is growing so much that it will be one of the largest users of capacity next year at about 60 data centers that IBM rents out to other companies around the globe.
One prominent Taiwan newspaper reports that Apple has trimmed its sales forecast from 50 million iPhones in the first quarter down to 30 million, and that Foxconn, which assembles the phones, has stopped recruiting workers.
In an effort to consolidate the snack industry, Hershey steps outside chocolate for the first time to acquire Amplify Snack Brands, owner of SkinnyPop popcorn and Tyrrell’s potato chips among other brands.