Lithium-ion battery resource company Li-Cycle Holdings Corp said as part of its cash preservation plan, it will reduce its workforce at the corporate level. Li-Cycle ( LICY ) expects to reduce approximately 60 positions, representing approximately 17% of the company’s global workforce. The company will incur total charges of approximately $8.3 million in connection with the workforce reductions, with a major portion of...

Phillips 66 is reportedly exploring a sale of its 25% stake in the Rockies Express Pipeline. The company hopes the asset to be worth more than $1 billion, including debt, reported Reuters. Phillips 66 is expecting to command a premium to the stake’s current book value of $451 million, with bidders also needing to assume debt obligations worth over $500 million...

06:50 AM EDT, 03/27/2024 (MT Newswires) -- AutoCanada Inc. ( AOCIF ) , a multi-location North American automobile dealership group, overnight Tuesday announced that in connection with its previously announced normal course issuer bid to purchase up to 1,329,106 common shares, AutoCanada ( AOCIF ) has entered into an automatic share purchase plan with its designated broker. A statement noted...

(Reuters) -Chinese electric-vehicle maker Nio lowered its forecast for first-quarter deliveries on Wednesday, as it grapples with slowing demand and a price war in China. The company's U.S.-listed shares fell around 4% in premarket trading. EV demand in Nio's home market China - the world's largest auto market - has been faltering as intense market competition has driven down car...