August US housing starts report surprise slide after months of gains

19-09-2020
On Thursday, US Commerce Department data had revealed that the US housing starts had fallen as much as 5.1 per cent last month

San Mateo’s Snowflake’s value doubles in NYSE’s largest software debut

19-09-2020
Buffet-backed data warehouse firm Snowflake Inc. stocks climbed as much as 111 per cent a day after the software firm had raised $3.36 billion in the largest ever software IPO

Pandemic Danger continues to drive weekly jobless claims in US

18-09-2020
US Labour Department said on Thursday that the weekly jobless claims in the United States had been hovering over a historically high last week

Waltham defence contractor Raytheon doubles corporate-level job cuts to 15,000

17-09-2020
Leading US defence contractor Raytheon Co. Chief Hayes said on Wednesday that the weapon and jet-engine manufacturer had been preparing at least 15,000 corporate-level job cuts by end-2020

Memphis courier FedEx reports $1.25 billion in profit as business deliveries soar

17-09-2020
On Tuesday, Memphis-based parcel service provider FedEx had reported a $1.25 billion in net profits over its first fiscal year that ended on Aug. 31

Chicago food company Kraft Heinz sells dairy brands to Lactalis for $3.2 billion

16-09-2020
Chicago-based processed food manufacturer Kraft Heinz said on Tuesday that it had agreed to a sell-off of its entire dairy business to French food industry giant Lactalis for $3.2 billion

Cupertino’s Apple debuts discount smartwatch, no new iPhones yet

16-09-2020
On Tuesday, in a virtual event recorded at Apple Inc.'s Cupertino headquarter, the Company had rolled out a budget smartwatch alongside a few subscription packages

US tariffs on China are illegal, rules World Trade Organization

16-09-2020
A WTO panel had ruled on Tuesday that the added levies on $200 billion worth of Chinese goods inclined by the Trump Amin

Colorado Satellite TV provider Dish signs up Nokia to supply core 5G software

15-09-2020
Colorado-based Satellite television provider Dish Network said on Monday that it had teamed up with Nokia in order to develop a 5G network in the US by 2023

New York’s Verizon to purchase prepaid phone seller Tracfone for up to $6.9 billion

15-09-2020
Verizon, the United States' largest wireless data carrier, said on Monday that it was going to purchase the prepaid phone seller Tracfone at a $6.9 billion buyout deal

Redwood Shores’ Oracle beats Microsoft in deal for TikTok's US operation

15-09-2020
On Monday, an Oracle spokeswoman had told that the Chinese tech conglomerate holding ByteDance had chosen Oracle instead Microsoft Corp. as its TikTok's US operation

SoftBank rekindles talks of taking the group private as fiscal pain soars

15-09-2020
Japanese investment conglomerate softBank executives had been in talks of taking the group private amid frets of further devaluation of its shares' prices and growing criticisms over its management

Foster City’s Gilead Sciences nears Immunomedics takeover at $20 billion plus deal

14-09-2020
Pandemic drug remdesivir-maker Gilead Sciences Inc. has been closing in a $20-billion acquisition deal for the oncology-focused pharmaceutical Immunomedics Inc.

China bans German pork imports after African Swine fever case

14-09-2020
China's custom agency alongside Agriculture Ministry said in a statement on Saturday that the Chinese Govt. had banned German pork imports citing African Swine Fever cases

Santa Clara chipmaker Nvidia nears $40bn buyout deal for SoftBank’s Arm Holdings

13-09-2020
A Wall Street Journal report published on Saturday had unveiled that the US chipmaker Nvidia had been closing in a $40 billion buyout deal for SoftBank's Arm Holdings

Canadian Pandemic Rx developer AbCellera hires banks for US IPO

13-09-2020
Canadian pharmaceutical AbCellera that has been developing an antibody therapy for the ongoing pandemic in collaboration with Eli Lilly Co., has been looking to file for a US IPO as early as by the coming weeks

New York luxury jeweller Tiffany to be counter-sued by LVMH over troubled takeover

12-09-2020
French luxury goods retailer LVMH said on Thursday that it would lodge a lawsuit against Tiffany & Co. in a US federal court in Delaware over its mismanagement during the pandemic crisis

Oregon's Portland General tumbles 10% after reports equipment plausibly led to fires

12-09-2020
Shares' prices of electric utility firm Portland General fell to their six-year lows on Thursday following media reports that its equipment plausibly had led to some fires in the US state Oregon

New York lender Citi’s Jane Fraser to become CEO, 1st woman to lead a Wall St. bank

11-09-2020
Citigroup said in a statement on Thursday that its long-term veteran Jane Fraser would succeed current CEO Corbat on February 2021, becoming the first Wall St. lender to appoint a woman as its Chief

Seattle retailer Amazon.com Inc. to hire 33,000 employees in corporate & tech roles

11-09-2020
Amazon.com Inc. said in a statement on Wednesday that it would be hiring as many as 33,000 employees in corporate and tech roles over the coming months

Louis Vuitton owner LVMH suspends $14.5 billion Tiffany buyout

10-09-2020
On Wednesday, the French luxury goods retailer LVMH had cancelled its $14.5 billion buyout deal for US Jeweller Tiffany & Co. citing French Government's request to delay the deal

Virginia’s Northrop Grumman wins $13.3 billion missile replacement contract

10-09-2020
US defence contractor Northrop Grumman had secured a $13.3 billion missile replacement contract from the US Air Force

Bedminster carrier Verizon cuts $6.6 billion Samsung deal to develop 5G in the US

09-09-2020
Verizon Communications, the United States' No. 1 wireless carrier had reached a $6.6 billion deal with S. Korea's Samsung Electronics to develop its 5G network in the United States

AstraZeneca pauses pandemic vaccine trial after one illness

09-09-2020
Late on Tuesday, the pandemic vaccine front-runner AstraZeneca said in a statement that the British-Swedish drugmaker had put a temporary hold on its pandemic vaccine trial following a single case of side-effects of unexplained nature

New York rating agency S&P lifts Argentina out of default after debt revamp

09-09-2020
On Monday, global rating agency S&P said in a statement that it had upgraded Argentina's long-term sovereign credit rating to "CCC+" from a prior default status