July 5, 2019 9:53 am
Tech giant IBM and shopping mall owner Scentre Group are to tie-up with Australia’s top three banks to test blockchain technology, aimed at digitizing bank guarantees, Reuters reported earlier this week. According to a statement by Australia and New Zealand Banking Group, Westpac Banking Corp and Commonwealth Bank of Australia, the partnership will seek to […]
Read moreJuly 5, 2019 7:30 am
UKs Competition and Markets Authority (CMA) announced earlier this week that it had embarked on an investigation into Google and Facebook, since the regulator seeks to determine if on-line platforms cause harm to consumers and competition in the country’s digital advertising market. Facebook shares closed higher for a second consecutive trading session on NASDAQ on […]
Read moreJuly 4, 2019 9:28 am
Amazon.com Inc (AMZN) revealed on Wednesday plans to create more than 2 000 permanent contract job positions in Britain, its largest European market, by the end of 2019. The expansion is expected to bring the total number of Amazons permanent staff in the country to more than 29 500. Amazon shares closed higher for a […]
Read moreJuly 4, 2019 7:10 am
According to a Wednesday report by on-line news portal Vox, citing people with knowledge of the matter, Walmart Inc has talked about the potential sale of its poorly performing clothing brands Modcloth and Bonobos with buyers. Walmart shares closed higher for a fourth consecutive trading session in New York on Wednesday. The stock went up […]
Read moreJuly 3, 2019 9:24 am
Amazon.com Inc (AMZN) revealed on Tuesday plans to add as many as 1 800 permanent contract job positions in France by the end of 2019. Amazon shares closed higher for a second consecutive trading session on NASDAQ on Tuesday. The stock went up 0.63% ($12.12) to $1,934.31, after touching an intraday high at $1,934.54, or […]
Read moreJuly 3, 2019 7:04 am
According to a report by the Wall Street Journal, citing sources with knowledge of the matter, Nike Inc (NKE) is to pull sneakers that feature an early American flag, after Colin Kaepernick, former NFL football player, contacted the company saying it was inappropriate to sell a shoe considered offensive by him and others. Nike shares […]
Read moreJuly 2, 2019 9:34 am
Applied Materials Inc (AMAT) said on Monday that it had agreed to acquire all outstanding shares of Kokusai Electric Corporation from global investment firm KKR in a cash deal estimated at $2.2 billion. Kokusai is a leading provider of high-productivity batch processing systems and services for memory, foundry and logic clients. The acquisition is expected […]
Read moreJuly 2, 2019 7:17 am
According to a report by Bloomberg, citing sources with knowledge of the matter, The Blackstone Group LP (BX) is nearing a sale of a portfolio of Spanish mortgages to CarVal Investors for approximately EUR 950 million. The sources also said that CarVal’s offer was higher than the bids placed by Elliott Management and Goldman Sachs. […]
Read moreJuly 1, 2019 8:09 am
According to a statement by Tesla Inc on Friday, a single battery module was the cause of fire eruption in a parked Model S vehicle in Shanghai on April 21st. The auto maker also said its vehicle settings had been revised, so that batteries could be further protected. Tesla shares closed higher for a second […]
Read moreJune 28, 2019 9:50 am
International Business Machines (IBM) $34 billion acquisition of software firm Red Hat has reportedly received unconditional approval by EU antitrust regulators on Thursday. IBM shares closed flat at $138.52 in New York on Thursday. The stock registered an intraday low at $137.95, which has been a price level not seen since June 19th ($136.24). Shares […]
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