In a significant development, the SEC turned down an exemption sought by Amazon.com Inc to stop its investors from considering a shareholder proposal related to racial equity at its upcoming annual general meeting (AGM). The SEC’s decision comes in the… Read More ›
According to a report from Bloomberg citing sources familiar with the matter at hand as saying, in recent months Twitter Inc had held discussions to acquire Clubhouse for $4 billion valuation. Discussions are no longer ongoing, and it is not… Read More ›
On Wednesday, Royal Dutch Shell said, it expects its first-quarter adjusted earnings to take a hit of up to $200 million due to an extreme cold snap in Texas in the quarter. In a guidance update ahead of its first-quarter… Read More ›
With short-seller Hindenburg Research stating that it was going short on China’s Ebang International Holdings Inc, shares of the Chinese bitcoin mining machine producer slumped by nearly 20% in early trading. “Ebang claims to be a “leading bitcoin mining machine… Read More ›
In a significant development, a source familiar with the matter at hand has revealed, Toshiba Corp is weighing option which include a $20 billion offer from CVC Capital Partners, a private equity firm, to take it private. The development comes… Read More ›
In a statement the U.S. Securities and Exchange Commission said it had charged actor Zachary Horwitz with operating a $690 million Ponzi scheme.
In a statement Sony Pictures Entertainment and Amazon Falls said, they have teamed up to set up an amusement park in Thailand, based on productions from Sony’s Columbia Pictures studio. The 14-acre Columbia Pictures’ theme and water park named Aquaverse,… Read More ›
In a statement Fox Corp said, it had filed a lawsuit against Flutter Entertainment for exercising its option to buy a 18.6% stake in U.S. sports betting firm FanDuel Group. According to a report from CNBC, while Fox wants to… Read More ›
On Tuesday, digital payments giant Stripe announced the opening of an office in Dubai, marking its first expansion into the Middle East region. Founded in 2010 by Irish brothers Patrick and John Collison, Stripe is used by more than 50… Read More ›
In a significant development, South Korean steelmaker POSCO has begun reviewing how it might terminate its joint venture with a company controlled by the military in Myanmar, in the wake of the military coup there in February, said two sources… Read More ›
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