On Monday, French luxury goods group LVMH disclosed it has arrived at an all-cash deal worth $16.2 billion to acquire U.S. jewelry chain Tiffany & Co. LVMH will be paying $135 per share for every share of Tiffany & Co…. Read More ›
Creativity
Billionaires Lost $388 Billion In 2018 After 5 Years Of Growth
A new report from the Swiss bank UBS and auditing firm PwC shows that in 2018, there was a 4.3 per cent or $388 billion drop in the collective wealth of the billionaires of the world after increasing for straight… Read More ›
Swiss drugmaker Novartis AG close to acquiring U.S. biotechnology firm The Medicines Co for around $7 billion
According to a report from the Wall Street Journal, Swiss drugmaker Novartis AG is close to clinching an agreement to acquire U.S. biotechnology firm The Medicines Co for around $7 billion. In the potential deal, Novartis has agreed to pay… Read More ›
Samsung Heavy Industries to pay $75 million to resolve DoJ investigation in foreign bribery case
In a statement the U.S. Justice Department said, Samsung Heavy Industries Co Ltd has agreed to pay more than $75 million in criminal penalties in order to resolve a U.S. investigation into a bribery scheme that runs into millions of… Read More ›
Tesla’s futuristic Cyber makes a bold entry into the pickup truck segment
Tesla Inc has unveiled an electric pickup truck which features a futuristic angular body in gunmetal gray that somewhat resembles an armored vehicle. The Cyber truck, with starting price of $39,900, is less expensive than was initially flagged. During the… Read More ›
Political Leanings, Voter Data Will Not Be Allowed To Be Used By Google For Political Ads
Taking a stand on political advertisements which was midway between Facebook and Twitter, Alphabet Inc’s Google said in a blog post on Wednesday that the ability of political advertisers to target ads for elections with the help of data such… Read More ›
Carousell close to becoming a unicorn
Singapore’s online classifieds company Carousell merges with Norway’s Telenor in a deal valued at more than $850 million. On Thursday, in a statement, Singapore’s Carousell, an online classifieds company stated, it has agreed to a proposal to merge with a… Read More ›
China not stepping up in trade negotiations: Trump
In a warning shot, U.S. President Donald Trump sent a clear message to China when he said, a U.S.-China trade deal is still elusive because Beijing still thinks it can get away with stealing U.S. intellectual property and is not… Read More ›
Aston Martin launches its first SUV
On Wednesday, in a statement Aston Martin said, is it launching its first sport utility vehicle, as it hopes for a turnaround. Share prices of the sports carmaker have plunged this year following sales unable to meet analysts’ expectations after… Read More ›
U.S. Federal Reserve approves BB&T Corp and SunTrust Banks Inc merger subject to conditions
In a statement, the U.S. Federal Reserve stated, it has approved the merger between BB&T Corp and SunTrust Banks Inc. The deal is the biggest in the banking industry since the 2007-2009 global financial crisis. According to analysts, such a… Read More ›
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