In a statement, U.S. jeweler Tiffany & Co stated, it has received all required regulatory approvals for the completion of a $16 billion (12.29 billion pounds) acquisition by French luxury goods group LVMH, The approval from the European competition comes… Read More ›
court battle
Albemarle, world No.1 lithium miner, to monitor aquifers beneath Chilean desert
With Chile’s residents and Chilean courts ringing the alarm on depleted water supplies in the country’s Atacama salt flat, Albemarle, the world’s top lithium miner had filed a proposal in December to monitor water flows beneath the parched desert floor…. Read More ›
Carl Icahn sells a third of his shares in Occidental Petroleum
In an open letter letter to shareholders, activist investor Carl Icahn, who has been waging a bitter battle against Occidental Petroleum Corp’s $38 billion acquisition of Anadarko Petroleum, disclosed, he has cut his holdings in the company by nearly a… Read More ›
Monsanto wins court battle in India for its GM cotton seeds
The ruling from India’s highest court assumes significance since India is the world’s No. 1 cotton producer. On Tuesday, India’s Supreme Court ruled in favor of Monsanto and allowed it to claim patents on its genetically modified cotton seeds, said… Read More ›
Activist investor Carl Icahn, Darwin Deason win appeal against Xerox Fujifilm merger
Xerox loses bid for quick appeal against merger with Fujifilm Holdings. As per a court filing, Xerox Corp has disclosed it has lost a bid for a quick appeal of a decision to block its deal with Fujifilm Holdings. The… Read More ›
European Court of Justice rules Uber is a transport service provider
Although the landmark ruling will not have an immediate impact on the rider hailing service provider, since it already operates under transportation law, it will nevertheless have a material impact on the company’s finances and its operations. On Wednesday, in… Read More ›
VW inches to a final agreement with U.S. regulators and lawyers representing car owners
U.S. District Judge Charles Breyer has scheduled the next hearing for Dec 16. The current hearing has been postponed since “may produce a resolution of the outstanding issues.” In a development that could add additional pressure to embattled auto maker… Read More ›