Author Archives
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Elliott Management and Veritas Capital acquire Athenahealth for $5.5 billion
Athenahealth’s subscription-based cloud service tracks the revenues of hospitals, physicians and patients. According to sources familiar with the matter at hand, activist hedge fund Elliott Management and private equity firm Veritas Capital have agreed to acquire Athenahealth Inc, a U.S…. Read More ›
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Tesla appoints Robyn Denholm as Musk’s replacement as the board’s chairman
The move is essentially a compliance against the deal Tesla entered with the SEC in September 2018 to settle fraud related charges against Tesla and Elon Musk. As demanded by the U.S. Securities and Exchange Commission, Tesla Inc’s board… Read More ›
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Saudi think-tank studying possible breakup of OPEC
The Saudi Government-funded think tank is studying the potential impact this move would have on the oil market. The Wall Street Journal has reported citing sources familiar with the matter at hand as saying, a top government-funded think tank in… Read More ›
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U.S. Commodity Futures Trading Commission charges former Deutsche Bank AG for fraud
Charges has been filed and settled against a former managing director of Deutsche Bank AG for fraudulent activities. The U.S. Commodity Futures Trading Commission said in a statement that charges have been filed and settled against a former managing director… Read More ›
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Pay growth for new recruiters across the UK rise to 3-year high
It is to be seen whether this pay growth will translate to better and stronger earnings across the British workforce. On Thursday, recruiters disclosed the starting salaries across British companies are rising at their fastest rates in recent years, thus… Read More ›
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Large group of institutional investors drag 16 major banks to court over rigging forex market
The 221 page complaint alleges that these 16 major banks had colluded to rig the roughly $5.1 trillion-a-day foreign exchange market. In a significant development, a group of big institutional investors, which includes BlackRock Inc and Allianz SE’s Pacific Investment… Read More ›
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GE in talks to divest its commercial lighting business to American Industrial Partners
Under CEO Larry Culp the conglomerate is continuing to divest assets from its businesses other than those from its core areas of renewable energy, jet engines and power plants. General Electric is in talks with American Industrial Partners, a private… Read More ›
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Iran in touch with other signatories of 2015 nuclear accord
The European Union is making headway in its efforts to legally continue economic ties with Tehran. With U.S. sanctions on Iranian oil coming into force, Tehran’s Foreign Ministry spokesman Bahram Qasemi stated, Iran is in touch with other signatories of… Read More ›
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Turkey-U.S. relations move to a firmer footing
As a result of an improvement in diplomatic and economic relations between Ankara and Washington, Turkish President Tayyip Erdogan has held talks with U.S. President Donald Trump concerning Turkey’s state-owned bank Halkbank. Following an announcement by Turkish President Tayyip Erdogan… Read More ›
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Legal costs will determine whether Bayer AG would settle glyphosate related cases
According to one of the attorneys for the plaintiff, Bayer’s claims on glyphosate were “hypocritical beyond belief” given its own efforts to control the message on glyphosate, the most recent of which is a full-page advertisement in the Washington Post…. Read More ›
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