Hollywood actor Steven Seagal will pay a total of $ 314 thousand to settle claims by the U.S. Securities and Exchange Commission (SEC) in connection with concealment of the remuneration received for advertising the initial public offering of tokens (ICO) of Bitcoiin2Gen (B2G). According to SEC, the...

Both the International Monetary Fund and the World Bank are contemplating to scale down their Spring Meetings to be held in April or conduct them through teleconference because of the growing concerns within these global financial institutions about the fast spreading of the coronovirus, said a...

Microsoft has lost optimism over the coronavirus. The company lowered its estimate of revenue for the current quarter, deciding that an outbreak would negatively affect sales of Windows software and Surface devices. In January, the tech giant predicted from $ 10.75 billion to $ 11.15 billion in...

Funding round of SambaNova Systems revealed investor appetite besides broadening its customers’ base. SambaNova Systems is an artificial intelligence computing firm. On Tuesday, 25 February 2020, it informed that it has managed to collect “$250 million” in its finding round which was led by...

While announcing a record high for its profitability for 2019, owner of the Peugeot brand PSA Group warned of dropping sale industry wide in Europe for the current year even as the company is pressing forward with its proposed merger with merger with Fiat Chrysler. The deal will help the company to...

Plant based meat producing startups such as Impossible Foods and Beyond Meat are set to face stiff competition now as the agriculture giant Cargill has just announced its plans of launching a plant-based burger by this spring.   Starting early April, the privately held Minnesota-based...

Net profit of the French automobile concern Groupе PSA attributable to shareholders of the parent company, according to the results of last year, amounted to €3.201 billion, an increase of 13% compared to 2018, the company said in a press release. Diluted earnings per share in the reporting period...

Morgan Stanley’s E*Trade acquisition could mark the biggest one by a major U.S. bank post the financial crisis of 2007-2009. Morgan Stanley has informed that the bank will get “a $375 million breakup fee” in case E*Trade Financial Corp decides to withdraw from the “$13 billion deal for the discount...

One of the world's largest airlines, United Airlines, withdrew its profit forecast for 2020 due to coronavirus. Earlier, the company predicted a 100% decrease in passenger traffic to China and a 75% reduction on trans-Pacific flights, which affects 5% of planned United traffic. If the outbreak of...