For competition abuses related to its shopping business, Google has been hit with a record 2.4 billion euro ($2.7 billion) fine. On the basis that Google manipulated its market dominance to the disadvantage of smaller competitors and European consumers, the… Read More ›
According to Eswar Prasad, the former head of the IMF’s China division, by going after big companies, China is sending a “remarkably strong signal” about stemming capital outflows. “I think there is a concern here that corporate outflows, among other types… Read More ›
Spectranetics specializes in cleaning up clogged arteries and veins. Dutch medical equipment manufacturer, Philips, has disclosed it will be acquiring U.S.-based Spectranetics Corp for $2.16 billion (1.9 billion euros), including debt. Spectranetics uses innovative techniques including, tiny drug-covered balloons and… Read More ›
The U.S. No. 2 oil producer is looking to fill a gap in its artificial lift business. According to sources familiar with the matter at hand, U.S. oil giant Halliburton Co is said to be in the midst of advanced… Read More ›
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