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S&P removes Ford and GM from ratings for revision 08/12/2020

Better Performance Of Its Bets To Likely Return SoftBank To Profitability 08/08/2020

China’s TikTok And WeChat Banned In US By Trump 08/08/2020

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Business & Finance

How Bayer-Monsanto Deal Script was Rewritten by Four Words

Just four words, "there is nothing there", were used by Monsanto Co President Brett Begemann when asked how the world's largest seed company he helps lead might fit with German drugs and crop chemicals group Bayer AG by a small group of investors last week. The disclosure of Bayer's confidential,...

Other Asian Banks had been Attacked by the Bangladesh Bank Hackers, says Cyber Firms

In addition to the 2014 hack on Sony Pictures, the attack on a bank in the Philippines have been linked to the hackers who stole $81 million from Bangladesh's central bank, says cybersecurity company Symantec Corp in a blog post. North Korea was blamed for the attack on Sony's Hollywood...

The biggest models agencies in the UK are accused of price collusion

British Competition and Markets Authority accused five major models agencies, including those who worked with Kate Moss and Linda Evangelista, of price-fixing. UK Competition and Markets Authority charged the five largest agencies in the Kingdom of price collusion, writes The Times. The agencies...

Myer and Ebay launched a VR store

E-commerce is one of the areas where virtual reality will open a new level of user interaction, and digital content. Practical examples of specific projects will not be long in comping: eBay announced start of trading in virtual reality. EBay, in partnership with the Australian retailer Myer store,...

12 million U.S. vehicles Recalled by Automakers over Takata Air Bags

Expanding the largest-ever auto safety push, documents posted by U.S. regulators showed that more than 12 million U.S. vehicles for defective Takata air bags were being recalled by eight automakers. The announcement was made on Friday. According to the U.S. regulators documents,...

Kambia Joins ServicePower’s Nexus FS Circle

A deal between Kambia and ServicePower has been officially announced. ServicePower Technologies which is a software company for managing work-force has made an announcement whereby it has won a “new contract”. Consequently, the company has secured a deal with Kambio, the latter is a service...

CPU Doesn’t Match De La Rue’s Agenda

De La Rue sells its CPU after facing a loss in trading. The “Cash Processing Solutions” division of De La Rue has been sold to Privet Capital. The said transaction was completed with an amount of “£3.6m”, while there are scopes that if the division performs well, then the amount could jump up to...

Tata Steel UK On Its Assets Bid

The two key bidders of Tata Steel UK takeover deal are open to work in collaboration. On Tuesday, the 24th May 2016, the companies who had taken interest in purchasing the assets of Tata UK Steel had not submitted their bids to the “Indian conglomerate”. According to the media reports, it...

Chinese investor wants to buy developer of Clash of Clans

The success of Finnish Supercell, responsible for development of such well-known mobile games as Clash of Clans and Clash Royale, is haunted by investors worldwide. Now, Chinese Tencent wants to buy a controlling stake in Supercell out from the current owner - Japanese SoftBank. An anonymous source...

ECB Rules Show Bayer can get Financing from the Central Bank for Monsanto Bid

Based on the terms of the ECB's bond-buying program, Bayer could have a second chance and could receive financing from the European Central Bank that would help to fund a takeover of Monsanto. While saying that it was open to negotiations, Bayer's $62 billion bid for acquisition of the...