According to source with knowledge of the matter at hand, SoftBank Group Corp has under-reported its income to Japanese tax authorities by nearly $380 million (40 billion yen) for the financial year ending March 2019; it will now have to… Read More ›
On Tuesday, voting results from Toshiba Corp’s shareholders showed, 43% of voters backed an activist fund’s proposal to elect its co-founder as board director, thus increasing pressure on the Japanese firm to improve governance. Although the closely contested proxy fight… Read More ›
Alphabet Inc’s Google is picking up a 6.6% stake in ADT Inc for $450 million with an aim to piggyback on the home security company’s strong customer base and its army of technicians in order to boost the sales of… Read More ›
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 ›
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 ›
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 ›
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 ›
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 ›
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 ›
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 ›
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