US court ruled out Facebook Inc.'s appeal on facial recognition technology
On Thursday, the 8th of August 2019, A Federal Appeal Court of San Francisco, had rejected social networking goliath, Facebook Inc.’s appeal to reverse a class action lawsuit
Business | Page 3 Of 66
Anadarko shareholders voted to approve $38 billion Occidental buyout
On Thursday, the 8th of August 2019, shareholders of Anadarko Petroleum Corp., one of US oil majors, headquartered in Woodlands, Texas, had voted 99 to 1 in a percentage basis to sell the company at a $38 billion buyout deal
German Bayer to takeover BlueRock for $600 million on stem cell bet
On Thursday, Bayer AG, issued a statement saying that the Leverkusen-based bioscience behemoth was paying off a hefty sum of $600 million in cash to acquire a cell-engineering startup BleuRock Therapeutics
AMD unleashes next-gen processor chip, lands Google, Twitter as customers
US-based semiconductor goliath, the Advanced Micro Devices, shortly dubbed as AMD, engaged in developing computer processors alongside related technologies unveils its second-generation processor chip aimed at data-center businesses
New York Times nosedives 12% after earnings’, sees weakness in digital ad
The US-based media company, New York Times Co, releases its quarterly earnings’ report on Wednesday, the 7th of August 2019, which falls short of a Wall St. estimate, raising alarms of a sharp decline in digital ad
Musk defends safety claims despite US probes, summonses over crashes
Tesla Inc., the American multinational electric carmaker of billionaire entrepreneur Elon Musk, had stood by safety claims of Model 3 on Wednesday, the 7th of August 2019, in the face of a raft of regulatory scrutiny
Chipmaker Broadcom to buy Symantec’s enterprise business for $10bn
US-based semiconductor manufacturer, the Broadcom Inc., headquartered in San Jose, California, had been in an advanced level negotiation to purchase CA-based American software company, Symantec Corp’s enterprise business
Lyft revenue beats quarterly forecast, says adds more riders
Lyft Inc., the ride-hailing startup based on San Francisco, reported better-than-projected quarterly earnings’ for Q2, 2019
FedEx grounds ground-delivery partnership with Amazon
Tennessee-based FedEx Groups confirmed on Wednesday, the 7th of August 2019, that the American courier delivery services company would be terminating its contract with Amazon.com Inc. for small-package ground delivers
Former Indian minister Sushma Swaraj passes away
The 67-year-old Swaraj had been the external affairs minister during Prime Minister Narendra Modi's first stint from 2014-2019
Barneys files for bankruptcy protection, puts itself up for sale
Ninety-six-year old Barneys New York Inc., the US-based departmental store operator alongside a favorite for the fashion ultra-posh had filed for a Chapter 11 bankruptcy protection on Tuesday
Snapchat-parent Snap seeks to raise $1 billion in short-term debt
US-based technology and camera company, owner of popular messaging app SnapChat, based on Santa Monica told that the CA-based company had been seeking to raise as much as $1 billion in short-term debt
Bayer, Lanxess to sell chemical park operator to Macquarie for $3.9 billion
Leverkusen-based Bayer AG, and a specialty chemical company, Lanxess, based on Cologne, said that the companies had agreed to sell chemical park operator Currenta to Macquarie Infrastructure
China warns India of possible retaliation if it blocks Huawei
In the wake of a withering Sino-US trade spat entering into its second year, spreading its menacing extremities over South-East Asia, Beijing had raised alarms over Delhi’s treatment on its tech conglomerate Huawei Technologies
US Drug distributors propose $10 billion to settle state opioid lawsuits
On Tuesday, three top US drug distributors such as AmerisourceBergen Corp., McKesson Corp. alongside Cardinal Health Inc., offered $10 billion to settle lawsuits and claims that they had been playing a major part in US opioid epidemic
Mastercard to buy majority stakes of payment company Nets for $3.19 billion
Mastercard Inc., said on Tuesday that the payment processing company had been an advanced stage talk with a Scandinavian payments group Nets to purchase a majority stake of its corporate service businesses at a €2.85 billion ($3.19 billion) buyout deal,
Goldman Sachs start issuing Apple cards to consumers
Goldman Sachs Group Inc., the US-based multinational investment bank and financial services company headquartered on New York city, had rolled out Apple Inc.’s virtual Apple credit Card on Tuesday
Tyson Foods share hits record high after beating earnings’ estimate
Tyson Foods Inc., the Springdale, Arkansas-based multinational corporation engaged in the food industry, had posted a better-than-anticipated quarterly earnings’ report for Q2, 2019, on Monday
HSBC ousts CEO Flint to speed up strategy, shares plummeted 3%
On Monday, the 5th of August 2019, HSBC Holdings PLC., The British multinational financial services company headquartered in London, sacked its Chief Executive John Flint after 18 months in service
IBM & other companies to launch new blockchain network Trust Your Supplier
On Monday, the 5th of August 2019, IBM (International Business Machines) had issued a public statement saying that the company was set to launch a new blockchain network
New Media acquires Gannett at $1.4bn, to create biggest newspaper publisher
On Monday, Fairport, NY-based New Media Investment Group issues a statement saying that the company had agreed to purchase Virginia-based Gannet at $1.4 billion cash-and-stock takeover deal
Gold Field flags lower first-half earnings’ despite soaring metal output
South Africa’s Gold Field Ltd., said on Friday, the 2nd of August 2019, that the gold mining global major was bracing for a sharp downturn of as much as 15 percent in its operating profit over the first half this year
Trump’s China tariff may hit Apple’s full-year earnings’, says BofA
On Friday, BofA Securities said that the Cupertino-based iPhone maker, Apple Inc., could face off a severe blow to its annual earnings’ projection following US President Donald Trump’s 10 percent tariff hike on $300 billion worth of Chinese imports
US FAA approved first ‘beyond-line-of-sight’ drone flight
On Friday, the 2nd of August 2019, US Federal Aviation Administration, had issued a statement saying that the regulatory body had approved the first drone flight beyond line of sights of the drone operators
US court ruled out Maduro’s bid to oust opposition Guaido from Citgo board
Later, on Friday, the 2nd of August 2019, a US court had ruled out Venezuelan armed-forces backed anti-capitalist president Nicolas Maduro’s bid to dismiss self-proclaimed interim leader, Juan Guaido’s position at Citgo
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