According to a report from the Wall Street Journal, U.S.-based activist investor Engine Capital LP is pushing Kohl’s Corp to divest its e-commerce business. The hedge fund, which has close to 1% stake in Kohl’s, wants the department store chain to… Read More ›
According to two sources close to the matter at hand, Frank Appel, CEO of Deutsche Post is the favorite to become the next supervisory board chairman of Deutsche Telekom. Both sources have confirmed that Deutsche Post’s supervisory board is scheduled to… Read More ›
Oil prices have risen by more than $1 dollar after Saudi Arabia raised prices for its crude oil sold to the United States and Asia. Brent crude futures for February gained $1.69 to $71.57 a barrel while U.S. West Texas… Read More ›
Tesla Inc has filed a petition in a San Francisco federal court asking it to affirm an arbitrator’s recent decision dismissing a former engineer’s claims that it had fired and defamed her for raising concerns regarding contracting practices and defective floormats…. Read More ›
British trade minister Anne-Marie Trevelyan will seek to strengthen trade relationship with the United States during her visit to New York and Washington on her trip to the United States this week. A full trade relation between the two countries… Read More ›
The Omicron variant of the coronavirus, which has expanded across southern Africa and been discovered in over 30 additional countries, has raised concerns that it might severely reduce the efficacy of Covid-19 vaccinations. While scientists strive to comprehend the entire… Read More ›
Payments giant PayPal Inc begins to gain headway in the fast-growing credit method as it reported that the volumes on the ‘buy now, pay later’ platform of the company were five times higher on Black Friday compared to the same… Read More ›
According to experts, the Omicron form of the virus that causes COVID-19 certainly acquired at least one of its mutations by picking up a fragment of genetic material from another virus present in the same infected cells – potentially one… Read More ›
In a statement ride hailing firm Lyft Inc said, it had Elaine Paul as its new chief financial officer; Paul will be replacing Brian Roberts who will be stepping down after seven years in the role. Paul is scheduled to take… Read More ›
The U.S. House of Representatives is set to consider a bill next week that aims to ban import of products from China’s Xinjiang region over concerns of forced labor. “Next week is an important week for human rights,” said Representative… Read More ›
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