According to a source familiar with the matter at hand, private equity investor Thoma Bravo has hired an investment bank to raise funds for an initial public offering for a special purpose acquisition company (SPAC). The development marks one of… Read More ›
Hopes of striking a Brexit trade deal with the United Kingdom by Friday or during the weekend were expressed by European Union diplomats on Thursday. In the next two days, review of progress is to be done by EU officials,… Read More ›
A law that will allow throwing out of Chinese companies off US stock exchanges if they do not conform to the country’s auditing rules was passed by the United States House of Representatives. Under the new law, companies will also… Read More ›
In a statement XPO Logistics Inc said it plans on spinning off its warehousing and logistics business into a separate publicly traded company. While the freight transportation and truck brokerage businesses will continue to remain with XPO, the new company… Read More ›
In a development that acknowledges the open secret of China using forced labor in its modern concentration camps in Xinjiang, the United States has banned the import of cotton from the quasi-military organization that uses detained Uighur Muslims in its… Read More ›
Trading in shares of Chinese smartphone maker Xiaomi Corp was halted on Wednesday said a notice from the Hong Kong Stock Exchange. The Hong Kong Stock Exchange did not give any other details for the suspension in trading. According to… Read More ›
In a statement, United Airlines and the American Airlines Group Inc said, they have stopped non-stop flights from the United States to Shanghai, which included Seoul on the route. “We started operating passenger service from DFW (Dallas/Fort Worth) to PVG… Read More ›
On Wednesday, in a statement Walmart Inc said it would remove the $35 minimum order value for subscribers of its loyalty service for next-day or two-day shipping as it gears up for the holiday season online shopping. The change, effective… Read More ›
On Tuesday, in a significant development Royal Dutch Shell is facing a lawsuit brought on by environmentalist and human rights groups demanding that the energy giant cut its reliance on fossil fuels. In April 2019, seven activist groups, including Friends… Read More ›
On Tuesday, in a statement Credit Suisse said, a judge who is presiding over a more than a decade long lawsuit regarding a U.S. residential mortgage backed security (RMBS) has asked it along with another party to issue estimates of… Read More ›
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