Daimler shares slump as diesel emission settlement cost wipes out profit

25-06-2019
On Monday, the 24th of June 2019, share prices of the German luxury carmaker Daimler AG were plunged as much as five percent after the German Mercedes-Benz maker, headquartered in Stuttgart, had slashed its profit forecast for the third time in a year

FedEx sues US government on task of overseeing China exports

25-06-2019
On Monday, the 24th of June 2019, the US-based multinational courier service provider, FedEx had filed a lawsuit against US government saying that the company must not be held accountable if it unintentionally shipped Chinese products

Italy’s UniCredit sets Commerzbank bid in the air

25-06-2019
Italian multinational lender, UniCredit, headquartered in Milan, had made an informal bid for Germany’s Commerzbank, though there had not been any reply so far, as the German lender appeared to be reluctant to engage in a merger negotiation

FedEx again misdirects Huawei package, Chinese seeks retaliation

25-06-2019
On Sunday, the 23rd of June 2019. US-based courier service provider, FedEx acknowledged that an operational error had prevented the company from delivering a package to United States

India’s space startups fueling up investors’ interest

24-06-2019
New waves of wide-ranging space technology startups engaged in building palm-sized satellites or throwing out cleaner-fuel-based satellites into earth’s orbit, had been space-diving in India

US seeks domestic 5G network developer outside China

24-06-2019
US President Donald Trump had been on the search for a next-gen 5G equipment manufacturer outside China, whose 5G cellular equipment would be used in the domestic 5G development, a Wall Street Journal report published on Sunday, had revealed

US arms makers say European demands booming amid growing threats

24-06-2019
Later on, Sunday, the 23rd of June 2019, a group of US arms manufacturers said that the Europe’s demand for missile defender, fighter jets and other weapons had been growing at a superfast rate amid bullish concerns on Iran and Russia issue.

US regulators ask Deutsche bank to clarify its “bad bank” proposal

24-06-2019
Over the weekend, the US regulators had asked the German lender, Deutsche Bank AG regarding its proposal, dubbed as “bad bank” alongside impacts of the proposal on loss-making ventures of Deutsche Bank in the United States

Eldorado Resort snatches $18bn cash & stock deal for Caesars

24-06-2019
Eldorado Resorts, an American Casino hotel company with 26 properties across 12 US states, had agreed to an $18 billon cash-and-stock merger deal, which would be valuing the Nevada-based casino operator at $18 billion including debt

Daimler forces to recall 60,000 Mercedes in Germany on emission cheating

24-06-2019
On Saturday, the 22nd of June 2019, the Transport Ministry of Germany had issued a statement saying that the German luxury carmaker, Daimler AG, headquartered in Stuttgart, must have to recall about 60,000 Mercedes diesel vehicles in Germany

Amazon wins US patent to use delivery drones for surveillance services

24-06-2019
Later on Friday, US Patent & Trademark Office had issued a statement saying that the billionaire Jeff Bezos’ Amazon.com Inc. had been granted a patent to capitalize its drones not only for delivering packages to customers, but also to proffer surveil

Exxon Mobil seeks bidders for Norwegian offshore assets

24-06-2019
Exxon Mobil, world’s largest oil company and the seventh-largest chemical producer, headquartered in Irving, Texas, had been seeking an option to sell off all of its stakes on gas and oil fields offshore of Norway

Petrobras pays $700mn to Vantage Drilling on premature contract termination

23-06-2019
On Friday, the Brazilian state-owned oil company, Petróleo Brasileiro SA, or simply known as Petrobras said that the Rio Di Janeiro-based company had paid off a lump-sum of $700 million to a Texas-based oil service provider, Vantage Drilling

Huawei files lawsuit against US Commerce Dept. on seized equipment

23-06-2019
On Friday, the crisis-sickened world’s No. 1 telco gear maker, Huawei Technologies Co. Inc., headquartered in Shenzhen, China, had filed a lawsuit against the US Department of Commerce, challenging its decision to seize some telecommunication equipment

GE to scrap California power plant 20-years-earlier than slated

23-06-2019
On Friday, the American multinational conglomerate, General Electric, headquartered in Boston, Massachusetts, said that the company had been working out a plan to shut down one of its largest power plants in California

PG&E to waft $31 billion bankruptcy restructuring plan on wildfire claims

23-06-2019
US utility provider, PG&E Corp., headquartered in San Francisco, had been exploring an option to float a $31 billion bankruptcy reform plan which would be including at least two funds to cover past and future wildfire claims

Four more US states join lawsuit to prevent T-Mobile-Sprint merger

23-06-2019
On Friday, a New York Official said at a court hearing that four more US States had spliced themselves at an unusual attempt by US State Attorney Generals to prevent a potential $26.5 billion merger between the US wireless carriers, T-Mobile and Sprint

Airlines eschew Iran-controlled airspace following US regulatory order

23-06-2019
Later on Thursday, the US aviation regulator (Federal Aviation Administration) had issued an emergency statement ordering all of US air carriers to steer clear of Iran-controlled airspace over the Strait of Hormuz alongside the Gulf of Oman

Exxon’s $53 billion Iraq deal hit on contract hiccups, Iran worries

22-06-2019
on Friday, the 21st of June 2019, at least four Iraqi officials had told in terms of anonymity that the slated deal between ExxonMobil and Iraqi government had been met with a double whammy over the recent weeks

Chevron Phillips to acquire Nova Chemical at a $15 billion buyout deal

22-06-2019
Chevron Phillips Chemical, a nineteen-years-old JV between the Chevron Corp. and Phillips, headquartered in The Woodlands, Texas, had offered a bid of around $15 billion including debt to acquire Nova Chemical Corp.

Trump says ready to press Xi over Canadian detainees in Beijing

22-06-2019
On Thursday, the 20th of June 2019, the US President Donald Trump said that he had been prepared to raise the case of two Canadian executives detained by China as an act of retaliation against Huawei CFO Meng Wanzhou’s arrest and detention in Canada

Walmart to pay off $282 to settle 7-yea-long global corruption probe

22-06-2019
On Thursday, the 20th of June 2019, the largest company in the world by revenue, Walmart Inc.had issued a statement saying that it had agreed to pay a lump-sum of $282 million in order to settle a seven-year-long probe

Slack snowballs at public debut, values at $23 billion

22-06-2019
On Thursday, the 20th of June 2019, shares of a decade-old American software company, Slack technologies Inc. On Thursday, the 20th of June 2019, shares of a decade-old American software company, Slack technologies Inc

Apple to recall older MacBook Pro on ‘fire safety risk’

21-06-2019
On Thursday, the 20th of June 2019, the Cupertino-based iPhone maker and the largest contributor to US treasury over the recent past, Apple Inc., had issued a statement saying that the company would recall a limited number of 15-inch MacBook Pro units

Deutsche Bank braces for Fed restrictions on its US business

21-06-2019
In the wake of a cascade of caustic allegations, Deutsche Bank, a German multinational investment bank headquartered in Frankfurt, had been expecting a string of restrictions ahead from the US regulators on its Wall Street’s investment bank