The tunnel has been excavated along a path that runs beneath the municipality of Hawthorne, where The Boring Company is headquartered. In a significant development, Elon Musk’s The Boring Company, has unveiling its first tunnel, a proof-of-concept 2-mile (3.2 km)… Read More ›
Some charges remain to be booked in the 4th quarter. According to a regulatory filing, bankrupt U.S. retailer Sears Holdings Corp will take a $443 million charge on account of the closures of its stores. Sears stated, some of the… Read More ›
The private equity firm is close to acquiring StandardAero for more than $5 billion; once the deal is finalized an announcement is likely to be made as early as later this week. As per sources familiar with the matter at… Read More ›
The U.S. defense contract is for providing equipment and support for Large Aircraft Infrared Counter Measures.
The CFIUS approval comes in the wake of Deutsche Telekom reviewing its ties with Huawei. T-Mobile is a unit of Deutsche Telekom. In a significant development, T-Mobile US and Sprint Corp have stated they have received the go-ahead from the… Read More ›
Although China has the tools to manage growing headwinds from its trade war with the United States, a strong stimulus is likely to pile on even more debt, while a loose policy could result in the fall of domestic interest… Read More ›
ABB will sell only 80.1% of its stake in the business following which it will revamp its business structure. Zurich-based ABB has reached a deal to sell its Power Grids business to Japan’s Hitachi for an undisclosed amount. In a… Read More ›
Spacelabs Healthcare Inc is a unit of OSI Systems Inc. The Pentagon has stated, Spacelabs Healthcare Inc, a unit of OSI Systems Inc has been awarded a $450 million U.S. defense contract. The deal involves systems for monitoring patients, accessories… Read More ›
If British Prime Minister Theresa May does not win sufficient support for her Brexit deal from Brussels, the likelihood of a managed disorderly exit from the EU is likely to rise. According to a senior British minister, British Prime Minister… Read More ›
Johannes Dietsch played a pivotal role in Bayer, as its CFO, in arranging the funding for the $63 billion takeover of Monsanto. On Friday, Germany’s Thyssenkrupp stated, it would propose to name former Bayer finance chief Johannes Dietsch as its… Read More ›
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