The hiring is likely to boost safety issues in Waymo’s self-driving cars. Waymo, Alphabet Inc’s self-driving unit stated, it has hired Matthew Schwall. Schwall was Tesla’s main technical contact with U.S. safety investigators. Schwall now joins Waymo’s safety team led… Read More ›
United States
Germany will assist its companies to do business with Iran: German Economic Minister Peter Altmaier
European powers, including France, Germany and Britain are willing to maintain the landmark 2015 Iran nuclear accord while pushing for talks encompassing a wider format which includes Iran’s ballistic missile program and its activities in Yemen and Syria. On Friday,… Read More ›
Royal Bank of Scotland agrees to pay $4.9 billion to settle probe by the U.S. Justice Department
The bulk of the $4.9 billion settlement amount has already been provisioned for; as for the balance amount of $1.44 billion, RBS has agreed to take an incremental charge in 2018’s second quarter. The Royal Bank of Scotland Group Plc… Read More ›
Japanese HR services provider Recruit Holdings Co acquires Glassdoor Inc for $1.2 billion
The acquisition will enable Recruit to expand its reach in the U.S. job market. On Wednesday, Recruit Holdings Co, a Japanese HR services provider disclosed it will acquire Glassdoor Inc for $1.2 billion. The move will enable Recruit to tap… Read More ›
Shares of major French companies feel the tremors of U.S. withdrawal from Iran nuclear deal
The U.S. withdrawal has made dealing with Iran more complicated for EU companies which have business ties to Iran. With U.S. President Donald Trump withdrawing the United States from a nuclear deal with Iran, shares of major French companies, which… Read More ›
Japan’s Takeda Pharma set to acquire Shire for $61.5 billion
The deal, one of the largest in the pharma industry, will place Takeda Pharma into the top ranks of global drugmakers. On Tuesday, in a strategic move Japan’s Takeda Pharma stated it has agreed to acquire London-listed Shire for $61.50… Read More ›
ValueAct takes $1.2 billion stake in Citigroup
The investment by the activist hedge fund, which prefers to conduct discussions with companies behind closed doors rather than on cable television, revolves around Citigroup’s reliable revenue source and low risk factor. ValueAct Capital Partners has invested $1.2 billion in… Read More ›
Elliot Management begins legal dispute with South Korea over 2015 merger of two Samsung affiliates
New York-based Elliot Management is seeking an ISDS with South Korea so as to recover losses it made during the merger of the two Samsung affiliates. On Tuesday, an official from the South Korean government stated, U.S. activist investor Elliott… Read More ›
U.S. House of Representatives likely to review 2010 Dodd-Frank financial reform law by May
The object is not to repeal but to review and reform the 2010 Dodd-Frank financial reform law which aims to provides critical protections to taxpayers and consumers. As per a leading Republican lawmaker, the U.S. House of Representatives is likely… Read More ›
Marathon Petroleum Corp proposes to buy Andeavor for more than $20 billion
The potential deal is expected to produce $1 billion in synergies. As per a Wall Street Journal report, Marathon Petroleum Corp, a U.S. refiner has proposed to acquire its peer Andeavor for more than $20 billion in a cash-and-stock deal… Read More ›