There is a renewed investor interest in the company despite its lagging behind its peers in terms of size and profitability. In a significant development, San Francisco-based Twitter Inc has a former managing director of Goldman Sachs, who is also… Read More ›
Toyota’s lucrative venture has potential but to bloom it needs an ecosystem that provides advisors with product expertise and genuine corporate customers. Toyota has become the latest Fortune 500 company to launch an AI focused capital venture fund. During the… Read More ›
Symantec is exploring to divest its web certification business which generates $400 million in annual turnover. According to sources familiar with the matter at hand, U.S. cybersecurity company Symantec Corp is considering to sell its website certification business in a… Read More ›
By sharing his views publicly with Nestle, Daniel Loeb is hoping to pressure the company into improving its performance in comparison with its peers. As per a source familiar with the matter at hand, Daniel Loeb, an activist investor, is… Read More ›
The reliability of the country’s grid has been the leading factor for locating its data centre in the country. The data centre will service Apple’s European customers. Apple Inc has disclosed it be spending $921 million (6 billion Danish crowns)… Read More ›
Elliott Management, Oncor’s largest creditor, has unveiled its bid of $18.5 billion topping Berkshire’s bid of $18.1 billion. The hedge fund has let it be known that it would support Berkshire’s or any third party’s bid, if they were to… Read More ›
The deal allows Chinese consumers to make international payments through Stripe. In a significant development, Stripe a Silicon Valley startup, has partnered with China’s Alipay and WeChat, to enable digital payments for merchants using its platform globally. Now Stripe can… Read More ›
If it weren’t for U.S. oil, crude oil prices should have touched $100 a barrel. As per a report from Barron’s, thanks to the heightened demand for oil, and reduced supplies from the Organization of the Petroleum Exporting Countries (OPEC),… Read More ›
Apollo has been a prolific acquirer of golf courses. On Sunday, Apollo Global Management LLC announced it has agreed to acquire, ClubCorp Holdings Inc, one of the largest owners and operators of a private country and golf clubs in the… Read More ›
The British economy seems a little confused if not undecided: while some retailers have reported a surge in their quarterly revenues some have warned of weaker profit outlooks. As per the results of a survey disclosed on Friday, in June… Read More ›
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