09:09 AM EDT, 08/29/2025 (MT Newswires) -- Joby Aviation ( JOBY ) completed its acquisition of Blade Air Mobility's ( BLDE ) passenger division, the companies said in separate statements Friday. Joby said it will continue Blade's passenger operations as a subsidiary led by its founder and Chief Executive Rob Wiesenthal. Blade said Joby chose to pay the upfront consideration...

09:11 AM EDT, 08/29/2025 (MT Newswires) -- (Updates with company response in the fourth paragraph.) Telefonica's ( TEF ) 10 million euro ($11.7 million) fiber-optic service contract with the Spanish government was cancelled due to the use of equipment made by China's Huawei, Reuters reported Friday, citing the nation's digital transformation ministry. We confirm the cancellation of the contract for...

09:08 AM EDT, 08/29/2025 (MT Newswires) -- Brown-Forman (BF.A, BF.B) is still seen as a show me story and needs to post multiple quarters of consistency in order to regain investor confidence, RBC Capital said in a Friday note. The alcoholic beverage producer's visibility is still lacking as improvements are needed in key developed markets so that the stock can...

WASHINGTON (Reuters) -The U.S. will make it more difficult for global chipmakers Samsung, SK Hynix ( HXSCF ) and Intel ( INTC ) to produce chips in China by revoking permission for the companies to receive American semiconductor manufacturing equipment there, according to the Federal Register. The U.S. Commerce Department had granted the authorizations for the companies to make chips...