Financial News

Monday, January 31st
January 31, 2022
AP-NC Newswatch
February 1, 2022
Financial News


Financial News:


Higher stocks…Tesla recall


TOKYO (AP) – Global shares have advanced, mirroring broad overnight gains on Wall Street yesterday. Shares in France, Germany and Britain rose in early trading today following gains in Tokyo and Australia. Trading in China and most other Asian markets was closed for Lunar New Year holidays. Sony Corp. stock finished 0.4% higher after it announced its acquisition of Bungie Inc., an independent game publisher based in Bellevue, Washington.


DETROIT (AP) – Tesla is recalling nearly 54,000 vehicles because their “Full Self-Driving” software lets them roll through stop signs without coming to a complete halt. Documents posted today by U.S. safety regulators say that Tesla will disable the feature with an over-the-internet software update. The software allows vehicles to go through intersections with all-way stop signs at up to 5.6 miles per hour. Tesla knows of no crashes or injuries. The recall covers Model S sedans and X SUVs from 2016 through 2022, as well as 2017 to 2022 Model 3 sedans and 2020 through 2022 Model Y SUVs.


BERLIN (AP) – A proposed takeover of German chip supplier Siltronic by Taiwan’s GlobalWafers has fallen through after the German government failed to give its approval by a Monday night deadline. The Economy Ministry says it was unable to conclude in time its examination of the deal, worth nearly 4.4 billion euros ($4.9 billion), citing in particular antitrust approval by Chinese authorities that was granted only last week. GlobalWafers says the takeover offer “will not be completed and will lapse” after the inconclusive end of the 14-month review process. Munich-based Siltronic, which has about 4,000 employees in Europe, Asia and the U.S., makes silicon wafers used in chips for electronic devices.


BERLIN (AP) – Two companies involved in storing and supplying oil and other materials say they have been hit by a cyberattack that has impacted operations in Germany. Oiltanking GmbH Group and Mabanaft (MAH’-ban-ahft) Group say they discovered the “cyber incident affecting our IT systems” on Saturday and launched an investigation together with external specialists, the companies said in an emailed statement. They have not elaborated on the nature of the incident or addressed who might be responsible. The companies say they are working “to restore operations to normal in all our terminals as soon as possible.”


WINSTON-SALEM, N.C. (AP) – The City of Winston-Salem, North Carolina is asking people within one mile of a raging blaze at a fertilizer plant to evacuate because there’s the possibility of a large explosion. WGHP-TV reports that the fire started Monday night at the Weaver Fertilizer Plant on North Cherry Street. City officials say there’ve been small explosions at the plant. Firefighters say there is the potential for a large explosion of ammonium nitrate. Winston-Salem Fire Chief Trey Mayo says fire crews have “abandoned” the fire-fighting operation because of the large volume of ammonium nitrate on site.