SoftBank seeks to invest in British financing group Greensill

14-05-2019
Japanese multinational conglomerate, SoftBank Group Corp., headquartered in Tokyo, had been exploring options of a prospective deal between its Vision Fund and Greensill Capital, a UK-based financing group start-up

Teva did not conspire on price-fixing, defends company CFO

14-05-2019
Chief Financial Officer of the Israeli drugmaker, headquartered in Petah Tikva, Teva Pharmaceutical Industries had said that the company had not been involved in any kind of wrongdoing in light of a latest price-fixing lawsuit filed by 44 states of US

Bayer hires law firm to probe Monsanto stakeholder file issue

14-05-2019
German Bayer, headquartered in Leverkusen, said that it had been planning to hire an external law firm for investigating a French media complaint that its US seed maker subsidy, Monsanto, had been compiling a file of influential people

British-Swiss Glencore’s Zambian unit to close two copper mine shafts

14-05-2019
The British-Swiss multinational commodity trading and mining company, headquartered in Baar, Switzerland, Glencore Plc. had been planning to shut down two shafts at its Nkana copper mine in kitwe, the Glencore-owned Mopani said at a statement

Trial date gets set for Tesla head Musk’s “pedo guy” tweet on taxi driver

13-05-2019
a US judge had said that the Tesla head, Elon Musk, must face a defamation lawsuit, by a British driver, who claimed to be branded falsely as a pedophile and a child rapist by the Chief Executive of electric vehicle pioneer, Tesla Inc

China’s BAIC seeks to buy 5% Daimler stake

13-05-2019
The state-controlled BAIC Group of China, ad been exploring potential options of buying a stake of as much as 5 percent on German automaker Daimler

Insys says may seek bankruptcy protection,as opioid epidemic probe hacks up

13-05-2019
Insys Therapeutics, said that, the company had been facing a cash crunch over legal costs linked to a US Justice Department’s probe on sales practice of the drugmaker, which might force the company to file for a bankruptcy protection

40 US states sue Teva, other drugmakers on price-fixing

13-05-2019
US States filed a lawsuit against Teva Pharmaceuticals alongside other drugmakers, accusing the pharmaceutical moguls of scheming to inflate drug prices

China says still optimistic on US trade talk despite new tariff hikes

13-05-2019
Chinese Vice Premiere Liu He said after concluding a two-day long trade talk that had botched to deliver a decipherable outcome and escalated trade worries further, that, the United States and China had agreed to hold further trade talk in Beijing

Walmart Brazil to dump e-commerce to focus on brick & mortar

12-05-2019
Walmart Brazil had issued a statement saying that the subsidy of United States’ No. 2 retailer would be shutting down its e-commerce operation in Brazil, the largest retail market in South America

Uber starts trading 6.7% down from IPO price amid sorrow mise-en-scène

12-05-2019
Share of Uber Technologies had opened the market 6.7 percent lower at its first trading day in the New York Stock Exchange, after being valued at $82 billion yesterday (May 9th) at its long-anticipated Initial Public Offering.

Goldman Sachs closes in to buy United Capital

12-05-2019
Goldman Sachs Group Inc., the fifth-largest US lender in terms of assets, headquartered in New York, had been leaning towards rubberstamping a deal to purchase a boutique wealth management firm, United Capital Financial Partners Inc.

FCC denies China Mobile bid to operate in United States

11-05-2019
As anticipated, the Federal Communication Commission of United States had unanimously voted down China Mobile Ltd.’s bid to offer US telecommunication services on national security ground

Facebook rejects co-founder’s call for split,senators urge anti-trust probe

11-05-2019
Facebook Inc. had rejected a call from its co-founder Chris Hughes to split the world’s largest social media network in to three, while US policymakers had again urged for a Facebook anti-trust investigation amid a whirlpool of slanderous lawsuits

Reliance purchases world’s oldest global toy retailer Hamleys

11-05-2019
India’s tech-to-petroleum conglomerate, Reliance Industries has taken over the world’s oldest and largest toy shop, Hamleys, founded by William Hamleys back in 1760 in High Holborn, London

Uber to price blockbuster IPO on Friday amid gray market backdrop

11-05-2019
On Thursday, the 9th of May 2019, the ride-hailing pioneer and one of the most closely watched Silicon Valley giant, Uber Technologies would price its IPO, which has been expected to be the most high-profile US public listing in years

Japan’s Sharp to return to US TV market, regains brand license

10-05-2019
Sharp Corp., a Japanese multinational manufacturer of electronic products, headquartered in Sakai-Ku, Sakai, had issued a statement, saying that the Japanese electronics industry tycoon would re-enter into the US television market later this year

Aussie watchdog blocks $11bn merger of Vodafone Australia & TPG telecom

10-05-2019
Australian anti-trust watchdog had clogged an $11 billion merger between Vodafone’s Australian business, Vodafone Australia headquartered in North Sydney and TPG telecom, on competition grounds

Walmart to raise US tobacco purchase age to 21 from July 1st

10-05-2019
American multinational retailer, Walmart Inc., said that it would be raising its minimum age to sell tobacco-based products to 21 across US stores, and the policy change would come into effect by July 1st

GE expects weaker quarters for rest of 2019, blames China tariff

10-05-2019
Chief Executive of the American Multinational Conglomerate, General Electric Co., Larry Culp, said that the company would likely to witness weaker quarterly growth for the rest of 2019 after posting a surprise upsurge over the first quarter

Uber drivers strike over low wages in London & New York ahead of IPO

10-05-2019
On Wednesday, the 8th of May 2019, Uber drivers of New York and London had started a cascade of multi-city strikes, protesting against a poor working condition and low-wage in contrast to traditional taxi drivers.

Trump set to keep tariffs on Chinese goods, Beijing threatens retaliation

10-05-2019
US President Donald Trump said that he would be happy to heighten tariffs on Chinese imports, given Chinese backtracking on all of the major understandings reached over the past few months of tentative talk.

Google unveils car booking by voice assistant at its annual I/O event

09-05-2019
Silicon Valley giant, Alphabet Inc.’s Google unit had demonstrated a preview of its upcoming voice technology, which would be allowing its users to make rental car bookings with a simple ask on Google’s virtual assistant tool,

China to continue trade talk despite Trump’s tariff threat

09-05-2019
Beijing said that a team of delegates led by Chinese Vice Premier Liu He would be visiting Washington for next round of trade talk due to be held on Thursday (May 9th) and Friday (May 10th), despite US President Donald Trump’s threat

GM’s self-driving cruise receives $1.15bn funding from T. Rowe, Softbank

09-05-2019
General Motors Co.’s majority-owned Cruise self-driving division had issued a statement saying that it had received a cash package of $1.15 billion from fund manager T. Rowe Price and from a group of existing investors of SoftBank