Trump won’t meet China’s Xi before trade truce deadline
On Thursday, the 7th of February, the US president Donald Trump told that he would not be meeting with China’s President Xi Jinping, before the trade truce deadline by March 1st
Business | Page 3 Of 22
BB&T to buy SunTrust in the largest bank merger deal in a decade
On Thursday, the 7th of February, 2019, the market had inhaled a more lenient regulatory atmosphere, which would likely to result in the biggest bank merger deal between BB&T and SunTrust
Twitter shares slip on weaker earnings & higher spending forecast
On Thursday, the social networking giant, Twitter Inc. had forecasted that their first quarter revenue would be much softer-than-anticipated, while the operating costs for entire year would rise
Nippon Steel slashes yearly profit forecast by 6 percent on declined output
On Wednesday, the 6th of February, 2019, the Nippon Steel & Sumitomo Metal Corp, the Japan’s largest steelmaker, had rung an alarming bell, saying that their annual profit forecast would be 6 percent less than the initial forecast
Softbank supercharges a $5.5 billion buyback to recoup undervaluation
The SoftBank Group Corp. of Japan had announced a $5.5 billion share buyback on Wednesday, the 6th of February to reimburse the share price, which its Chief Executive Officer had claimed to be undervalued.
UBS clear to pitch 32 billion of UK assets to Germany
UBS, a multinational investment bank and financial services company based on Switzerland, headquartered on Basel, had recently received approval from a London court to tilt as many as 32 million euros in assets to Germany from UK
Tesla knifed Model 3 prices for the second time this year
Tesla Inc. would be incising the price of its Model 3 Sedan for the second time this year, in a statement the company said on Wednesday, the 6th of February, 2019
GM quarterly profit soars driven by high-margin pickup sales, shares upbeat
On Wednesday, the 6th of February, 2019, the General Motor Co. had posted a better-than-anticipated quarterly profit, largely boosted by high-margin pickup sales & small SUV sales in the US market
Snap share jumps as Android app prods promise
On Wednesday, the 6th of February, 2019, the shares of Snap Inc. rose by 25 percent to $8.78, after the Snapchat messaging app makers had overhauled a fall of its uses on the Apple devices and a series of favorable reviews had prompted the push.
Renault-Nissan & Google set to hookup on self-driving car technology
Alphabet Inc.’s Google and Renault-Nissan-Mitsubishi alliance would be tied up in order to develop self-driving, autonomous taxis and other riding services utilizing the self-driving technologies
GSK pays $4.2 billion to German Merck for a next-gen cancer immunotherapy
The GSK (GlaxoSmithKline) had supplemented its cancer drug development pipeline, approving a pay-off of $4.2 billion to German Merck KGaA in order to attain the rights of a next-gen immunotherapy
Canada’s Sunrise Records buys out HMV
HMV, a UK music retailer collapsed suddenly after the Christmas, had been sold to the owner of Canada’s Sunrise Records in a deal, the amount of which had not yet been revealed
Boeing makes king-size investment in supersonic jet developer Aerion
On Tuesday, the 5th of February, 2019, the Boeing Co. had made a statement, saying that, they had made an elephantine investment on the supersonic jet developer, Aerion
Ultimate Software agrees to be sold in an $11 billion buyout deal
On Monday, the 4th of February, a cloud-based human resource application developer, Ultimate Software Group Inc. had said that they had agreed to be bought by the private equity firm Hellman & Friedman in a $11 billion buyout deal.
Huawei's Meng may fight US extradition,claiming political motive as defense
The Huawei Executive, Meng Wanzhou, was arrested in Canada on US extradition request and widely considered as a political pawn for United States to gain leverage in the tariff conflict with China, has been seeking a line of defense
Alphabet’s higher spending panics investors, shares drop
On Monday, the 4th of February, 2019, the Alphabet Inc.’s earnings figure reported a sharp rise in the fourth-quarter on video contents, facilities and employees, which had forged an alarming bell to investors’ confidence
1MDB scandal could hit top executives, says Goldman Sachs
On Friday, the 1st of February, 2019, the board of Goldman Sachs Group Inc. said that they would be withholding a bonus worth of $7 million from a former chief executive, Lloyd Blankfein
Deutsche bank to receive additional investment from Qatar
The crisis-sickened Deutsche bank has been in an advanced talk on receiving additional investment from Qatar, as the bank sought to whack the hollow-casts away and improve its finances
GE wins $517 million defense contract to build next-gen helicopter engine
The Pentagon said on Friday, the 1st of February, 2019, that the General Electric aviation, a subsidiary of General Electric Co. had been awarded a $517 million US army contract
Nissan cancel X-Trail SUV manufacturing plan in UK ahead of Brexit deadline
Nissan, the Japanese automaker giant would be pulling themselves back from manufacturing the next models of their X-Trail Sports utility vehicle in UK, ahead of a boorish Brexit, which could potentially hurt the manufacturing
Foxconn promises to build Wisconsin plant following a talk with Trump
On Friday, the 1st of February, 2018, the Foxconn technology told that they would be building a factory in the Wisconsin. The News came after minutes, the Company’s chairman had spoken with the US president Donald Trump
GSMA considers crisis meeting on excluding Huawei from critical markets
The Mobile communication industry governing body, GSMA, had proposed its members to discuss the potential possibilities of excluding the Chinese Network Vendor, Huawei technologies from the critical markets
Qatar & Exxon set to launch $10 billion Texas LNG project
Exxon Mobil Corp and Qatar Petroleum have been expected to announce a joint venture next week, about proceeding with a $10 billion Texas LNG project
Delta Air to sell east-coast oil refinery subsidiary
Delta Air lines, usually referred to simply as Delta, headquartered in Atlanta, had been trying to sell its oil refinery in Trainer, Pennsylvania
Tesla starts off cheaper Model 3 car variant sales in China
The US electric car maker, Tesla Inc. said on Friday, February the 1st, 2019, that they would start taking orders in China from Friday (February 1st) for a lower-priced version of their Model 3 cars
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