The purchase of SGA’s Food Group is expected to bring “adjusted profit” for U.S. Foods. The U.S. Foods Holding Corp is a company for food distribution, whereby on Monday, July 30, 2018, it revealed that it is going to purchase “SGA’s Food Group of Cos” through a transaction of “$1.8 billion in...

The instable share performance of Tesla pushes the Interactive Brokers to seek collateral damage control. Following the volatility recently observed in Tesla’s shares, the Interactive Brokers Group informed that the requirements margin will be increased for the clients who bet on the EV company....

Jury gives verdict in favour of IBM, whereby asking to pay a price to Groupon. On Friday, July 27, 2018, settling a patent dispute, a jury of the U.S. accorded “$83 million” to “International Business Machines Corp”, in short IBM. The dispute was with Groupon Inc, an e-commerce company.  ...

Ukraine’s plane maker’s joint venture with Boeing aligns with the country’s attempt to turn pro-western by carving a space into the EU. Antonov is a Ukrainian plane manufacturer; it is recognised for making the biggest aircraft in the world, whereby the company is planning to go back on serial...

American Starbucks Corporation, which owns the world's largest network of coffee houses, increased revenue to a record level in the third fiscal quarter. As stated in the press release of Starbucks, its revenue jumped in April-June by 11.5%, to $ 6.31 billion. The company's net profit for the...

Energy giant BP Plc agreed to pay $ 10.5 billion for most of the US shale assets of the Anglo-Australian mining giant BHP Billiton Ltd. This is the largest acquisition of BP in almost two decades, Bloomberg reports. The deal will ensure BP's presence in the Perm basin. The company will also receive...

A $25 billion share buyback program was announced by oil giant Royal Dutch Shell after the company reported a 30 per cent in rise in net profit for the second quarter of 2018 year-on-year.   $4.69 billion was the net income attributable to shareholders on a current cost of supplies...

After being unable to get approval for the acquisition of NXP Semiconductors and becoming an example of a victim of the trade spat between the United States and China, US firm Qualcomm Inc was forced to cancel the $44 billion deal.   The scrapping of the deal that would have marked the...

In a bid to expand, the sensor supplier for Apple’s phone is now eyeing the autonomous vehicle industry. AMS is a chipmaker from Austria which is mostly recognised as a sensor-supplier for iPhone X of Apple, whereby the company has plans of expanding into sensor manufacturer of “self-driving cars”...