Creating two steel giants – one located in the north and another in the south, China is considering a sweeping overhaul of its steel industry through consolidation, Bloomberg reported quoting people familiar with the plan. The sources said that while… Read More ›
After selling its China business to a domestic rival – Didi Chuxing, Uber has virtually bowed out of the world’s second-largest economy. Bringing an end to the brutal battle in China between the two apps, the combined new company is… Read More ›
Once the deal is done, Quip will become Salesforce’s wholly owned subsidiary. Salesforce.com, a cloud based software company has disclosed today that it has agreed to acquire Quip, a document editing startup, for nearly $582 million. Incidentally, Salesforce already has… Read More ›
Citi feels relative safe from any Brexit fallout due to its strategic spread of its asset allocations. Following Britain’s historic decision to leave the EU, Citigroup Inc. has reported today that it did not experience any “significant negative impact” on… Read More ›
This is an easy picking for Boeing – a defense contractor for the Pentagon. The Pentagon has reported today that it has awarded a contract worth $640 million to Boeing for maintaining with spare parts the fleet of its F/A-18… Read More ›
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