(Reuters) - Jaguar Land Rover (JLR) will invest 500 million pounds ($669.6 million) to support parallel production of electric vehicles at its Halewood facility as part of its electrification strategy, the British luxury carmaker said on Thursday. WHY IT'S IMPORTANT This investment coincides with increasing pressure on carmakers to accelerate electrification, particularly in China, where competition in the EV market...

Sept 25 (Reuters) - PayPal Holdings ( PYPL ) announced on Wednesday it is enabling U.S. merchants to buy, hold and sell cryptocurrency from their business accounts. Cryptocurrency has moved from being a nascent asset class towards greater market acceptance after bitcoin exchange traded funds were approved for listing by the U.S. SEC earlier in the year. Business owners have...

NEW YORK (Reuters) - Alphabet, Goldman Sachs and a group of other firms agreed to pay a combined $3.8 million in civil penalties to settle U.S. Securities and Exchange Commission charges over late filings, the regulator said on Wednesday. The firms charged in connection with beneficial ownership of publicly traded companies and their respective penalties are: * Sunbeam Management, LLC...

By Maki Shiraki TOKYO (Reuters) - As much as Jun Nagao doesn't like the idea of foreigners scooping up Japanese companies, the former 7-Eleven franchise owner thinks a takeover would bring welcome change to the retail giant where he spent decades. Nagao, who until last year owned a 7-Eleven convenience store in Gunma, north of Tokyo, says years of strategic...