According to sources familiar with the matter at hand, private equity firm TPG is exploring the potential sale of Astound in a deal that could value the “owner of a U.S. network of regional cable TV and internet providers at… Read More ›
HR & Organization
Exxon restarted Beaumont, Texas, small crude distillation unit and fludic catalytic cracker units
According to sources familiar with Exxon Mobil Corp’s operations, the oil giant has restarted it’s small crude distillation unit (CDU) and gasoline-producing fludic catalytic cracker (FCC) at its 369,024 barrel-per-day (bpd) Beaumont, Texas, refinery. The 110,000-bpd Crude A CDU and… Read More ›
Economic Sentiment In Euro Zone Rises For Fourth Straight Month In August
Following a record drop in economic sentiment in March and April because of the impact of the novel coronavirus pandemic induced lockdowns, the sentiment in Euro zone grew in August for the fourth consecutive month. This was revealed in a… Read More ›
U.S. blacklists 24 Chinese companies and individuals linked to Chinese adventurism in South China Sea
In a significant development, Washington has blacklisted 24 Chinese companies and targeted individuals which helped China’s ruling Communist Party militarize the disputed regions in the South China Sea, in what is the first such step over the strategic waterway. In… Read More ›
ANZ names Paul O’Sullivan as next chairman
In a statement the Australia and New Zealand Banking Group Ltd said, Paul O’Sullivan, the current chairman of Optus, will succeed its current Chairman David Gonski, who is set to retire in October 2020. Gonski, who has been ANZ’s chairman… Read More ›
Honda agrees to pay $85M to settle probe over potentially defective Takata airbag inflators
According to a consent order, Honda Motor Co has agreed to a settlement of $85 million following an investigation by most U.S. states into its use of defective Takata airbag inflators in its vehicles. The investigation by most U.S. states… Read More ›
Teva Pharmaceutical Industries Ltd charged with price fixing of generic drugs: DoJ
The U.S. Justice Department has charged Teva Pharmaceutical Industries Ltd with charges including colluding to conspire with competitors to raise prices of widely used generic drugs, high cholesterol drug. “Today’s charge reaffirms that no company is too big to be… Read More ›
Qantas to cut 2,500 jobs, outsources ground operations in Australia
On Tuesday, Qantas Airways Ltd stated, it plans on cutting up to 2,500 jobs and outsource its Australian ground handling operations as it braces for a $7.17 billion (A$10 billion) hit to its revenues caused by the Wuhan Coronavirus pandemic…. Read More ›
12-Fold Rise In Stocks On Debut For Chinese Medical Firm At Shenzhen Exchange
After getting listed at the Shenzhen stock exchange in China, stocks of a Chinese medical firm soared nearly 12-fold on its debut as investors saw potential in the company’s products during the novel coronavirus pandemic. Share of Contec Medical Systems,… Read More ›
Autonomous self-driving startup Luminar Technologies Inc to go public for $3.4 billion
On Monday, Luminar Technologies Inc, an autonomous vehicle startup stated, it has decided to go public by merging with blank-check firm Gores Metropoulos Inc in a deal worth around $3.4 billion. The deal includes $400 million of cash from Gores… Read More ›
