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Sears sues Lampert, claims he looted assets to drive it into bankruptcy

20-04-2019

Sears Holding Corp, an American holding company headquartered in Hoffman Estates, filed for chapter 11 bankruptcy protection back in 2018 and sold its assets to ESL investment in 2019, had sued its longtime former Chair Eddie Lampert

Pinterest shares surge in market debut after IPO

20-04-2019

Shares of image sharing site Pinterest had experienced a spacedive of more than 25 percent following its debut on Thursday, the 18th of April 2019, proffering the online scrapbook a market valuation of around $15.8 billion

FCC Chair opposes China Mobile Bid to provide US services

20-04-2019

Chairman of the Federal Communication Commission Ajit Pai said on Wednesday, the 17th of April 2019, that he had opposed a bid of China Mobile Ltd. to serve US telecommunication facilities

Qualcomm gains $30bn in market value after settling Apple patent dispute

20-04-2019

On Wednesday, the 17th of April 2019, Qualcomm Inc., the Chipmaker headquartered in San Diego, added another $30 billion of market valuation after posting a 23 percent rise on yesterday (April 16th)

Apple accused in US lawsuit of securities fraud on iPhone sales in China

20-04-2019

Apple Inc., one of the most cherished among the FAANG stocks (Facebook, Apple, Amazon, Netflix & Google) of Nasdaq Composite, had been accused in a new lawsuit over securities fraud

Apple in talks with potential sensor suppliers for self-driving cars

19-04-2019

Apple Inc., the iPhone maker and one of the most closely followed Silicon Valley giants, had been in talk with at least four potential sensor suppliers

Start-up Aeva seals sensor deal with Audi’s self-driving unit

19-04-2019

On Wednesday, the 17th of April 2019, the Aeva Inc., a start-up founded by two former Apple Inc. engineers, Mina Rezk and Soroush Salehian, had signed a deal with an Audi-owned unit in order to develop a next-gen sensor system

Morgan Stanley clings to wealth management to beat estimate

19-04-2019

On Wednesday, the 17th of April 2019, Morgan Stanley, the sixth largest bank in United States in total assets, had reported a 9 percent plunge in its quarterly earnings

Amazon to shut down domestic marketplace business in China

19-04-2019

Amazon.com Inc. had been planning to cease operations of its domestic marketplace business in China by mid-July, at least three sources familiar with the subject matter said on Wednesday, the 17th of April 2019.

Kenyan family files lawsuit against Boeing on Ethiopian Airlines crash

19-04-2019

On Tuesday, the 16th of April 2019, A Kenyan family had filed a lawsuit in Chicago against the world’s largest low-cost aircraft carrier maker over an Ethiopian Airlines crash of a Boeing 737 Max last month

Former US interior Secretary Zinke joins mine-exploration firm

19-04-2019

On Tuesday, the junior mining exploration company, US Gold Corp, headquartered in Elco, Nevada, had issued a statement, saying that the former US Interior Secretary, Ryan Zinke had joined the management board of the company

White House will not turn over documents on AT&T, Time warner merger

19-04-2019

On Tuesday, the 16th of April 2019, the White House had said to two of US House Democrats that it would not be turning over documents linked to AT&T Inc.’s $85 billion takeover deal of Time Warner Inc

China to lift sanction on US poultry, pork imports in trade talks

18-04-2019

Over the next leg of trade talk between the world’s two largest economies, Unites States and China, China might have been working on a lift of sanction on US poultry imports as part of a new trade deal

Netflix forecast disappoints, as streaming competitions rise

18-04-2019

On Tuesday, the 16th of April 2019, the pioneer of streaming media, Netflix Inc. had posted their quarterly result which had marginally beaten Wall St. targets

IBM quarterly revenue missed estimates on weak services, cloud demand

18-04-2019

On Tuesday, the 16th of April 2019, during its quarterly earnings release, the International Business Machines Corp (IBM) had reported a sharp plunge in its quarterly revenue, signaling a holocaust over its revamp operation

Qualcomm stock snowballs after settling long patent dispute with Apple

18-04-2019

Qualcomm Inc., the US multinational semiconductor and telecommunication equipment maker, headquartered in San Diego, had won a critical victory, settling its wide-ranging patent dispute with Apple Inc

US press allies to keep Huawei out of 5G in Prague meeting

18-04-2019

At a meeting over adopting shared security and policy measures, due to be taken place in Prague next month, US would be pressing its allies to throw Huawei out of the 5G telecommunication gears on speculation of potential national security breach

Trump sprouts on China trade conflict: "We are going to win either way"

18-04-2019

On Monday, the 15th of April 2019, US President Donald Trump had again unzipped his voice on Sino-US trade war, saying that the United States would be emerging as a winner out of its nine-month long trade conflict

Italian UniCredit to pay $1.3 billion to settle US sanction probe

18-04-2019

One of the major Italian lenders with networks expanding over 50 markets across 8.500 branches, the UniCredit SpA, alongside two of its subsidies had agreed to pay an amount of $1.3 billion to US financial watchdogs to settle investigations

Hulu to buy back AT&T stake at a $1.43 billion deal

18-04-2019

Hulu, an American entrepreneur company that offers over-the-top media services, based on California, had decided to purchase wireless carrier, AT&T Inc.’s 9.5 percent of stakes in a deal valued at $1.43 billion

Former VW CEO Winterkorn charged with fraud by German prosecutors

17-04-2019

On Monday, the 15th of April 2019, German prosecutors had charged Martin Winterkorn, a former Volkswagen CEO, with fraud over his suspicious role on the automaker’s alleged deceiving in diesel emission tests.

US Agency submits uranium import probe to White House

17-04-2019

On Monday, the 15th of April 2019, the US Commerce Department had submitted the results of a national security investigation linked to uranium imports to the White House, a spokesman for the US Commerce Department said.

Best buy replaces turnaround chief with longtime CFO Barry

17-04-2019

On Monday, the 15th of Aprill 2019, the Best Buy Co. Inc., had issued a statement, saying that the company had named its Chief Financial Officer, Corie Barry as the company’s Chief Executive Officer

Goldman Sachs feather fresh details on revamp as revenue slides

17-04-2019

Goldman Sachs Group Inc., the US lender and financial services company headquartered in New York city, offered tales of new overhauls while reporting its first-quarterly result on Monday

EU says ready to launch US trade talks, but without agriculture

17-04-2019

On Monday, the 15th of April 2019, the European Trade Commissioner Cecilia Malmstrom said that the European Union was ready to begin formal trade talks with United States

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