October 24, 2019 9:10 am
An antitrust lawsuit has been filed on Monday by Intel Corporation against an investment company owned by SoftBank Group Corp. The US chip maker alleged that the same firm stockpiled patents to hold up tech companies with a number of lawsuits. In the lawsuit, Intel said that Fortress Investment Group had gained control of over […]
Read moreOctober 24, 2019 7:12 am
Eli Lilly and Company’s quarterly profit, reported on Wednesday, topped Wall Street estimates, supported by sales of its Humalog diabetes drug and by lower tax bill. Eli Lilly shares closed lower for the fifth time in the past eleven trading sessions in New York on Wednesday. It has also been the steepest daily loss since […]
Read moreOctober 23, 2019 9:02 am
Under Armour Inc said on Tuesday that its Chief Operating Officer Patrik Frisk would succeed founder Kevin Plank as Chief Executive Officer, effective January 1st 2020. Frisk is to join Under Armour’s board, while Plank is to remain executive chairman and brand chief, the company also said. Under Armour shares closed higher for a second […]
Read moreOctober 23, 2019 6:33 am
According to a Tuesday report by the Economic Times, citing sources with knowledge of the matter, in a correspondence with India’s Prime Minister Narendra Modi, Walmart’s Chief Executive Officer requested certainty and predictability in business environment in the country. Walmart shares closed lower for the fifth time in the past fourteen trading sessions in New […]
Read moreOctober 22, 2019 9:38 am
Microsoft Corp and business software group SAP announced on Monday a three-year collaboration aimed to help SAP’s large enterprise clients relocate their business processes into the cloud. Microsoft shares closed higher for the fifth time in the past eleven trading sessions on NASDAQ on Monday. The stock went up 0.74% ($1.02) to $138.43, after touching […]
Read moreOctober 22, 2019 7:16 am
Facebook Inc (FB) said over the weekend that its digital currency project Libra could use cryptocurrencies based on national currencies instead of using the initially proposed synthetic currency. Facebook shares closed higher for the seventh time in the past eleven trading sessions on NASDAQ on Monday. It has also been the sharpest daily surge since […]
Read moreOctober 21, 2019 7:57 am
According to a statement by China’s Ministry of Industry and Information Technology last week, Tesla Inc (TSLA) was added to a government list of approved automotive manufacturers. The US electric car maker was granted the required certificate so that it can begin producing in the Asian country. Tesla shares closed lower for the fourth time […]
Read moreOctober 18, 2019 8:35 am
According to a report by Reuters, citing an internal memo by Citigroup Inc (C), the Wall Street bank has appointed Peter Babej, currently the global head of its financial institutions group, as its next Chief Executive Officer for the Asia Pacific region. Babej has taken part in several Asia-focused merger and acquisition transactions in the […]
Read moreOctober 17, 2019 9:05 am
The EU antitrust regulator has ordered Broadcom Inc (AVGO) to stop exclusivity deals with TV and modem manufacturers while an investigation is underway with the aim to determine if such agreements are meant to obstruct competitors. Broadcom shares closed lower for the fifth time in the past thirteen trading sessions on NASDAQ on Wednesday. The […]
Read moreOctober 17, 2019 7:34 am
Neptune Wellness Solutions Inc (NEPT) said on Wednesday that it had initiated processing biomass by using a new cold ethanol technology at its facility in Sherbrooke, Quebec. This new technology is expected to be up to five times faster and to consume up to two times less energy compared to Neptune’s current CO2 technology. Shares […]
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