T-Mobile U.S. Inc’s merger with Sprint Corp faces last hurdle. In a letter to Magistrate Judge Robert Lehrburger dated July 31, attorney Glenn Pomerantz, who represents a group of 13 state attorneys general, requested that the trial date be set… Read More ›
Strategy
Nexstar Media Group Inc and Tribune Media Co must divest TV station in 13 markets: US Justice Department
Nexstar Media Group Inc and Tribune Media Co will have to divest TV station in 13 markets so that their $6.4 billion deal satisfies antitrust concerns. The U.S. Justice Department told Nexstar Media Group Inc and Tribune Media Co that… Read More ›
Amazon holding exploratory talks to acquire stake in Reliance Retail
Amazon and Walmart are competing to expand their footprint in India – one of their most important growth markets. On Thursday, according to a report from the Economic Times, Amazon.com Inc has engaged in exploratory talks with India’s Reliance Industries… Read More ›
Grounding Of Boeing 737 Max To Hit Cash Flow, Warns GE
The global grounding of all the aircraft of Boeing’s 737 Max has hit the cash flow of General Electric. The United States based manufacturer of the engines that also supplies to this popular aircraft model from Boeing warned that the… Read More ›
Samsung Q2 Profits Fall 56%, Warns Of ‘Challenges’ Ahead In Chip Business
A global price decline for its memory chips and consequently revenues apparently has caused a 56 per cent drop in the second quarter operating profits for the biggest smartphone maker of the world and the South Korean tech giant Samsung…. Read More ›
Saudi Arabia Urged By Football World To End Football Match Broadcasting Piracy
Saudi Arabia has been called on to take action to prevent the illegal broadcasting internationally of foot ball matches by a sophisticated, homegrown pirate TV and streaming service in the country. This appeal to the Middle Eastern country was made… Read More ›
Impossible Food expands production facilities for plant-based burgers
The plant-based burgers space is booming with demand for healthy environment-friendly food far exceeding supply. On Wednesday, Impossible Foods, a plant-based burger maker, announced its partnership with OSI Group, a major meat supplier, as it increases its efforts to meet… Read More ›
Roche extends $4.3 billion takeover offer for Spark Therapeutics to September 3
The decision comes in the wake of continuing regulatory scrutiny by antitrust regulators in the UK and U.S. over its takeover offer. Following a continuation of regulatory reviews in the United States and Britain, Roche and Spark Therapeutics announced another… Read More ›
Decision on license to U.S. companies for doing business with Huawei by next week: Wilbur Ross
The U.S. is likely to grant special licensees to U.S. companies who are seeking to maintain non-national security related business ties with China’s Huawei. According to a statement by U.S. Commerce Secretary Wilbur Ross, the Trump administration may respond by… Read More ›
Philippines’ San Miguel Corp set to win $145 billion new airport project
The new international airport, which will be built over a 50 year concession period, will cater to 100 million passengers per year. On Wednesday, as per a government official from Philippines, San Miguel Corp, a conglomerate is set to win… Read More ›