09:05 AM EDT, 04/02/2024 (MT Newswires) -- Reliance (RS) said Tuesday that it has acquired all of the outstanding equity interests of Mid-West Materials, a flat-rolled steel service provider. Financial terms of the deal were not disclosed. Mid-West Materials generated $87 million in 2023 sales, Reliance said. Reliance said the acquisition increases its presence in markets in and around Ohio,...

* 9 out 10 new cars sold in January were pure electric * BEVs account for about a quarter of total car fleet * Norway's income from oil, gas helped subsidise BEV adoption * Norway aims to end sale of new petrol, diesel cars in 2025 By Nerijus Adomaitis OSLO, April 2 (Reuters) - The number of battery electric vehicles...

09:04 AM EDT, 04/02/2024 (MT Newswires) -- Frontier Group Holdings ( ULCC ) plans to focus on premium travel and higher-fare markets, shifting away from leisure markets to drive revenue, Reuters reported Tuesday, citing Chief Executive Officer Barry Biffle. Biffle told Reuters that overcapacity in key leisure markets has weighed on airfares, while demand for premium seats continues to grow....

(Reuters) - Chinese e-commerce giant Alibaba Group ( BABA ) said it had bought back $4.8 billion worth of shares in the quarter ended March, its highest ever since listing, a couple of months after boosting the stock buyback plan by $25 billion through March 2027. (Reporting by Aaditya Govind Rao in Bengaluru; Editing by Arun Koyyur) ...