Experts are reacting to the unprecedented rise in cybercrime, to verify whether the promises of furthered security are on the level, in our current world where cash operations have yielded much of their place to e-wallet payments. Despite the appearance… Read More ›
Regulations & Legal
Bayer gets Russia’s nod for its $66 billion acquisition of Monsanto
Bayer has already received approval from the EU, Australia, Brazil, China; Russia now adds to this list. In a development that aids Bayer’s $66 billion acquisition of Monsanto, it has now got approval from FAS, Russia’s antitrust regulator, for its… Read More ›
Wells Fargo readies to pay a $1 billion related to abuses from its lending business
Wells Fargo is readying to pay the fine as two U.S. regulators had found inconsistencies at its auto lending and mortgage business. As per a source familiar with the matter at hand, Wells Fargo & Co is likely to agree… Read More ›
U.S. Department of Treasury aiming to plug and strengthen CFIUS law
The strategic move by the Trump Administration is aimed at rationalizing the treatment of business investment in the United States. As per a senior Treasury official, the U.S. Department of the Treasury is weighing options to restrict investments by Chinese… Read More ›
Billions Of Facebook Users Would Be Left Outside Of European Privacy Laws
According to the new terms of service that have been introduced by Facebook, it is being estimated that about 1.5 billion members of the social media platform would not be covered by the tough new privacy protections that are slated… Read More ›
Uber Technologies wants VMWare’s Zane Rowe as its CFO
Uber needs to fill the post of the CFO before it launches its IPO in 2019. As per a Bloomberg report, Uber Technologies Inc has selected VMware Inc’s Zane Rowe as its top candidate for the post of chief financial… Read More ›
Procter & Gamble Co acquires Merck KgaA’s consumer health business for $4.21 billion
Where other companies, including Nestle, Stada and Perrigo, failed, P&G succeeded. The purchase will help it expand its portfolio of consumer healthcare capabilities and brands. On Thursday, Procter & Gamble Co and Merck KgaA stated, the former has agreed to… Read More ›
U.S. Commerce Department sets countervailing duties of up to 113% on Chinese common aluminum sheets
These are only the results of the preliminary enquiry, a final determination in the countervailing duty is to be announced on August 30 2018. In a significant development that adds to the growing numbers of reasons behind the Trump Administration’s… Read More ›
Thousands of jobs created as a result of green energy initiatives in Northeast U.S.: Study
Through the green initiatives, 9 U.S. Northeast States are reducing their carbon footprint and creating thousands of jobs in the clean energy market. As per the results of a study that was released on Tuesday, thousands of jobs have been… Read More ›
Elon Musk’s Boring Co raises $112.5 million in funding round
Boring Co is aiming to build underground tunnels for Elon Musk’s Hyperloop Project. Boring Co, Elon Musk’s startup which seeks to build underground tunnels for Musk’s hyperloop transportation project, stated it has raised $112.5 million in equity, 90% of which… Read More ›