Siemens takes over Indian electrification company at a $300 million deal

27-01-2020
Siemens AG, the Munich-based German multinational conglomerate and the largest industrial manufacturing company in Europe operating in five continents, is looking to purchase an India-based electrical equipment manufacturer, C&S Electric

Argentine soy crusher Vicentin in mergers talks with firms including Glencore

27-01-2020
Vicentin, one of the top exporters of processed soy in Argentina, had been in advanced staged takeover talks with a number of grain firms including the British-Swiss commodity trading and mining firm Glencore

Athletics regulators to stiffen rules as Nike’s Vaporfly accused of "tech doping"

27-01-2020
Athletics’ regulatory body has been brewing off an option to stiffen legislations to govern shoe technology as sports wear maker Nike Inc.’s popular Vaporfly brand was reportedly accused of helping sprinters smoothen up running

Intel shares hit 20-year-peak after blockbuster earnings’ report

27-01-2020
On Friday, the 24th of January 2020, NYSE-listed Intel Corp. stocks hit its highest level in more than two decades a day after releasing a solid quarterly earnings’ report for Q4, 2019

Bayer AG surges 4% in pre-market on possible out-of-court glyphosate settlement

27-01-2020
On Friday, shares’ prices of Leverkusen-based German multinational life sciences and pharmaceutical company, Bayer AG climbed as much as 4 per cent in pre-market trading to €76.74 a share, its highest level since October 2018

Nestle teams up with Canadian plant-based ingredient makers

27-01-2020
Late on Friday, the Vevey-based Swiss Multinational food and drink processing conglomerate, Nestle SA had issued a statement saying that it had partnered up with a small Canadian plant-based food maker, Burcon and Merit Functional Foods

ByteDance’s TikTok hires Microsoft IP chief as General Counsel

27-01-2020
The highly popular video-sharing and social networking service, TikTok, had issued a statement saying that the video-sharing service provider had snatched Microsoft Inc.’s IP Chief, attorney Erich Anderson

Italian watchdog threatens Facebook with another fine on improper data use

27-01-2020
On Friday, the 24th of January 2020, competition watchdog of Italy, made a public announcement saying that it had initiated a formal legal proceeding on the social networking titan, Facebook Inc. for its non-compliance

French spirit maker Remy Cointreau shares nosedive 10% after sales drop,virus concern

26-01-2020
On Friday, the 24th of January 2020, roughly 300-year-old distillery and spirit manufacturer, Remy Cointreau had shrugged off more than a tenth of its market cap

German fintech firm Heidelpay eyes acquisition, public listing, says CEO

26-01-2020
Fintech firm Heidelpay had been looking to potential acquisitions which might follow an Initial Public Offering as well, as the 16-year-old financial technology company had been mulling major expansions across Europe

Fragrance maker Givaudan forecasts 4-5% sales growth this year after strong 2019

26-01-2020
On Friday, the 24th of January 2020, Givaudan, the Vernier-based Swiss manufacturer of fragrances, flavours and active cosmetic ingredients, had revealed its annual sales projection for 2020

Ericsson warns of weaker growth, cites growing 5G expenses in US

26-01-2020
Stockholm-based Swedish telecom gear manufacturer, Telefonaktiebolaget LM Ericsson or simply Ericsson, had raised an alarming bell over its profit margin for 2020

FAA tells airlines it could approve MAX 737 before mid-year

26-01-2020
On Friday, the 24th of January 2020, US FAA (Federal Aviation Administration) head Steve Dickson said that the US aviation administrator might just recertify Boeing Co.’s 737 MAX before mid-year

Walmart experiments higher minimum wages for some employees

26-01-2020
Late on Friday, Walmart Inc. said that the retailing industry tycoon had been experimenting a higher starting wage for some of its newly created jobs at 500 US stores

Colgate to purchase US vegan toothpaste maker Hello Products

26-01-2020
Later this week, the NY-based American multinational consumer products company, Colgate-Palmolive Co. said that it had been brewing an option to buy a US-based vegan toothpaste manufacturer, Hello Products LLC.

Intel forecast beats estimate, says 2020 will be a turnaround year for chipmakers

25-01-2020
On Thursday, the 23rd of January 2020, the US-based multinational Chipmaker, Intel Corp., headquartered in Santa Clara, CA, had forecasted a better-than-anticipated 2020 revenue outlook

Tesla leaves behind VW as world’s second most valuable carmaker after Toyota

25-01-2020
On Thursday, the 23rd of January 2020, market cap of the Palo Alto, CA-based e-vehicle manufacturer, Tesla Inc., went past the Wolfsburg-based German carmaker Volkswagen and turned out to be the second-most valuable automaker

Comcast targets CNN with NBC-Sky global news channel

25-01-2020
Philadelphia-based American telecom conglomerate, Comcast group’s NBC alongside the London-based British telecommunication network, Sky, would soon unfold a global news channel to take on CNN

S&P says Boeing Co.’s credit watch ‘negative’ as 737 MAX scrapping looms

25-01-2020
On Thursday, the 23rd of January 2020, the US-based credit rating agency, S&P Global Rating, often considered as one of the top three credit rating agencies alongside Finch’s and Moody’s, had slashed Boeing Co.’s credit rating

FCA Jeep, Suzuki models caught red-handed on breaking EU emissions rules

25-01-2020
On Thursday, the 23rd of January 2020, the Dutch road authority, RDW, had issued a statement saying the Fiat-Chrysler’s jeep Grand Cherokee alongside Suzuki’s Vitara diesel models were found to have broken the EU emission rules

Broadcom to supply wireless components for Apple Inc. devices

24-01-2020
On Thursday, the San Jose, CA-based leading US multinational chipmaker Broadcom Inc. had issued a statement saying that the Silicon Valley semiconductor maker had signed off two multi-year agreements with Apple Inc.

Tesla becomes first publicly traded US automaker to cross $100 billion market cap

24-01-2020
On Wednesday, the 22nd of January 2020, Tesla Inc., the most dominant force in the e-vehicle industry across the globe based on Palo Alto, CA, had extended its ‘fast and furious’ rally to battle past the threshold $100 billion market cap

European shares wobble on China coronavirus worries

24-01-2020
On Thursday, the 23rd of January 2020, a basket of European stock indices had fallen across the board for straight fourth session in a row as frets of an unknown strain of coronavirus outbreak in China had created a whirlpool of uncertainty.

Tata Motors' Jaguar Land Rover to trim 10% workforce at UK Halewood factory

24-01-2020
On Wednesday, the 22nd of January 2020, the UK-based multinational automaker, Jaguar Land Rover had issued a statement saying that the Coventry-based British automotive company would slash 10 per cent of its workforce

Lab meat producer Memphis Meats raises $161mn in SoftBank-led funding campaign

24-01-2020
CA-based privately held food technology company, Memphis Meats, much-known for its lab grown meats, had issued a statement saying that the US lab meat producer had raised a stark sum of $161 million at its latest fundraising campaign