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Thomas Cook in talks with UK Govt. & investors over a rescue deal

22-09-2019

Tourism industry conglomerate, Thomas Cook Group Plc. had been in talks with the British Government of newly elected PM Johnson alongside potential investors to board off an eleventh-hour rescue deal

Tesla Inc. must face trial on Musk’s mega-pay package, says Delaware judge

22-09-2019

On Friday, a Delaware Judge had ruled that the Menlo Park-based e-vehicle titan, Tesla Inc.’s management board had to defend a trial on Tesla head Elon Musk’s multi-billion dollar pay package

Argentine bonds surge after government unleashed debt reform framework

22-09-2019

On Friday, the 20th of September 2019, Argentine sovereign bond prices rose sharply, squeezing up risk spreads after the government of far-right Mauricio Macri had proposed a debt renegotiation outline

Italian soccer club Juventus to raise €300 million via capital injection

22-09-2019

On Friday, Italian soccer club, Juventus FC based on Turin, Piedmont, had issued a statement saying that the soccer club was exploring an option to raise as little as €300 million through a capital increase

Commerzbank to cut jobs, branches after Deutsche merger fails

21-09-2019

On Friday, Commerzbank AG, the Frankfurt-based lender had issued a statement saying that the second-largest German lender by balance sheet had been planning to slough off thousands of jobs

Facebook pulls off tens of thousands of apps on Cambridge Analytica issue

21-09-2019

Facebook Inc., based on Menlo Park, CA, had called off tens of thousands of apps on its social networking platform, as a part of the social media mogul’s sweeping overhaul in response to Cambridge Analytica scandal

Drugmaker Insys wins bankruptcy court approval to sell opioid painkillers

21-09-2019

On Thursday, the 19th of September 2019, the US-based specialty pharmaceutical headquartered on Chandler, Arizona, Insys Therapeutics, had walked off with a court approval to sell its flagship fentanyl spray

E-vehicle startup Rivian receives big boosts after Amazon van order

20-09-2019

On Thursday, the 19th of September 2019. Plymouth, Michigan-based e-vehicle startup, Rivian Automotive LLC had bagged a big boost from one of its key investors

Volkswagen, Porsche cars on the verge of being recalled for faulty parts

20-09-2019

Around 227,000 certain car models built in 2015 and 2016 have been flagged as being problematic by the German federal authorities

FedEx share nosedive 13% on bleak 2020 outlook as brokers cut price targets

20-09-2019

On Wednesday, the 18th of September 2019, shares of Memphis, Tennessee-based multinational parcel service provider tumbled 13 per cent after the package delivery goliath had axed its 2020 profit outlook

Tesla to take on Porsche for e-vehicle crown on toughest German circuit

20-09-2019

Palo Alto, California-based e-vehicle manufacturer, Tesla Inc., had been seeking to take on Volkswagen-owned luxury carmaker Porsche AG’s swaggering rights by testing its best-selling Model S

Former Airbus executive Eremenko steps down from UTC Technology

19-09-2019

CTO (Chief Technology Officer) of Farmington, Connecticut-based American multinational conglomerate, United Technology Corp. engaged in aircraft manufacturing, Paul Eremenko had decided to step down

GM to lay off 1,200 workers in Canada amid ongoing strikes

19-09-2019

On Wednesday, the 18th of September 2019, the Detroit, Michigan-based United States’ No. 1 automaker, General Motors had issued a public statement saying that the company had been exploring an option to temporarily lay off 1,200 workers

Microsoft approves $40 billion share repurchase program

19-09-2019

On Wednesday, the American multinational technology conglomerate headquartered in Redmond, Washington, Microsoft Corp., had issued a statement saying that the management board of Microsoft Corp. had agreed to a new share repurchase campaign

Huawei ready to launch 5G compatible Mate 30 line in Germany

19-09-2019

The Chinese tech conglomerate is still banned in the US following Donald Trump's directive

Amazon allows users to donate US 2020 presidential candidates via Alexa

19-09-2019

On Wednesday, Amazon.com Inc., had issued a statement saying the the company would soon allow its users to donate any Presidential candidate of US 2020 election via its Alexa Digital Assistant

Kraft Heinz shares slide as 3G capital axe stakes

18-09-2019

On Tuesday, the 17th of September 2019, Chicago, Illinois-based packaged food manufacturer, The Kraft Heinz Company, commonly dubbed as the Kraft Heinz, witnessed a drop of 4 per cent of its share price

E-cigarette maker Juul suspends sales in China days after launch

18-09-2019

On Tuesday, the CA-based e-cigarette maker, Juul Labs Inc., headquartered in San Francisco, issued a statement saying that its products would not be currently available on e-commerce sites in China

GM reverted health insurance cost back to Union, talks ongoing

18-09-2019

On Tuesday, amid an ongoing talk between UAW and General Motors Co., United States’ largest automaker by net asset, in a bid to resolve their deep disputes, GM had decided to switch health insurance costs to Workers’ Union for its striking workers

Airbus, French exporters stabbed as US tariffs loom in subsidy spat

17-09-2019

On Monday, EU had finally acknowledged that the bloc might face off a harsher US tariffs over a decade-long dispute on aircraft subsidies, suggesting a menacing move which would likely to contribute to a global scale slowdown

Japanese conglomerate SoftBank raises stake in Brazilian lender Banco Inter

17-09-2019

On Monday, the 16th of September 2019, Japanese multinational conglomerate holding company headquartered in Tokyo, SoftBank Group Corp., had increased its stake in Brazilian lender Banco Inter SA to 14.94 per cent

Apple to take €13 billion Irish back tax order to EU court

17-09-2019

Apple Inc., the Cupertino-based iPhone maker has been well poised to place a legal challenge on Tuesday (September 17th) against an EU Commission order to pay off a hefty sum of €13 billion in Irish back taxes

GM resume talks with UAW as workers pile up to picket lines

16-09-2019

On Monday, General Motors Co., the Detroit-based No. 1 US automaker and Michigan-based United Auto Workers resumed negotiations by GMT 14.00 in a bid to resolve a strike that clamped down the US automaker's most profitable operation

Oxycontin maker Purdue finally files for Chapter 11 Bankruptcy

16-09-2019

On Sunday night, Opioid painkiller Oxycontin-make Purdue Pharma LP, a privately held pharmaceutical based on Stamford, Connecticut and owned by a wealthy Sackler family, had finally filed for a Chapter 11 Bankruptcy protection

Japan to eliminate tariffs on US wine import in trade deal

16-09-2019

Japan, the third-largest economy of the world and the closest trading partner of world’s largest economy, United States, had agreed to offload tariffs on US-borne wines as part of its broad bilateral free trade treaty with the United Sates

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