Following a five months delay induced by the coronavirus pandemic, Marathon Petroleum stated, it has agreed to sell its Speedway gas stations in the United States to Seven & i Holdings, a Japanese retail group, for $21 billion. In 2019,… Read More ›
Entrepreneurship
HSBC’s losses could touch $13 billion, core capital ratio however improves
On Monday, in a significant development, HSBC Holdings PLC has issued an earnings guidance saying, its bad debt charges could balloon past its previous estimate of $13 billion this year with profits falling by more than 50% due to the… Read More ›
Shell Australia to acquire environmental services firm Select Carbon
On Monday, the Australian unit of Royal Dutch Shell stated, it has decided to acquire Select Carbon, an environmental services firm, as it moves ahead with its plan on cutting back its carbon footprint and expand its low-carbon and renewable… Read More ›
Prescription drug marketplace GoodRx Inc files for IPO
According to sources familiar with the matter at hand, GoodRx Inc, a U.S. online prescription drug price marketplace has filed documents with the U.S. Securities and Exchange Commission for a potential initial public offering (IPO). In 2018, during a funding… Read More ›
Siemens Healthineers acquires Varian Medical Systems Inc for $16.4 billion
On Sunday, German health group Siemens Healthineers stated, it plans on acquiring Varian Medical Systems Inc for $16.4 billion. Varian Medical Systems Inc makes devices and software for treating cancer. According to the agreement, Siemens Healthineers will be acquiring all… Read More ›
Chinese banks weighing alternative to SWIFT, as U.S. legislative action looms
In a significant development, a report from the investment banking unit of China’s central bank states, Beijing should be ready for potential U.S. by being less dependent on SWIFT and instead use its own financial messaging network for cross-border transactions… Read More ›
Pfizer Inc negotiating with EU for COVID-19 vaccine
During an interview, Albert Bourla the CEO of drugmaker Pfizer Inc stated, it is holding talks with the European Union as well as with several member states of the bloc, to sell them its COVID-19 vaccine candidate that is being… Read More ›
Multiple COVID-19 vaccinations will be required across multiple years; Pfizer raises full-year earnings forecast
In a significant development, Pfizer Inc stated, it will charge developed countries the same amount it has contracted with the United States and suggested that consumers may need multiple vaccinations in order to remain protected against COVID-19. Earlier the U.S…. Read More ›
France to launch ‘railway highway’ in push to reduce carbon footprint and greener economy
In an effort to reduce France’s carbon footprint, French prime minister Jean Castex vowed to develop “railway highways” to transport food and other goods which have traditionally been transported by trucks. The “fresh food train” linking the main wholesale market… Read More ›
Murthy Renduchintala, Intel’s Chief Engineering Officer to depart on August 3
In a development that marks a reorganization at U.S. chipmaker Intel Corp, Intel Corp said, it’s Chief Engineering Officer Murthy Renduchintala will be leaving the company in a move that marks Intel allocating five teams into its key technology unit…. Read More ›
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