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Wells Fargo sees drop in Credit card sales in February
Company - Mar 21, 2017
February witnessed a reduction in credit card applications and checking accounts with Wells Fargo & Co (WFC.N), the bank informed on Monday, highlighting the sixth straight month of reduction.
Alibaba acquires Chinese online ticketing platform Damai.cn
Company - Mar 21, 2017
Marking a further push into entertainment, Alibaba is set to fully own Damai.cn, which has millions of registered users and has sold tickets for more than 1.8 million events worldwide.
BP in talks with Ineos for the sale of Forties pipeline
Company - Mar 21, 2017
BP is in active talks with Ineos for vending the North Sea’s largest oil pipeline, which is utilized for the transportation of crude that prices the international Brent benchmark.
Vodafone India announces merger with Idea to become the biggest telecom entity in India
Company - Mar 20, 2017
Post the amalgamation, Vodafone will hold 45 percent and Idea will command over 26 percent in the combined entity, which will have 400 million subscribers.
Uber President resigns amid turmoil; plans to quit office in 6 months
Company - Mar 20, 2017
Among a series of high-profile resignations and controversies in the firm, Uber president Jeff Jones steps down after just six months on the company post.
Indian startup Paytm goes global with services launching in Canada
Company - Mar 17, 2017
Alibaba-backed Paytm, an online digital wallet maker with a current user base of over 200 million has launched mobile payment services in Canada.
California Judge approves Lyft Settlement covering $27 Million
Company - Mar 17, 2017
According to court filings, Vince Chhabria, a United States District Judge, gave his ultimate authorization to the $27 million settlement against Lyft.
Fox purchase bid for Sky to be examined
Company - Mar 17, 2017
Karen Bradley informed MPs regarding the investigation of the purchase bid which would be probably conducted by media regulators Ofcom and the CMA (Competition and Markets Authority).
Apple found guilty of fixing prices of several iPhone models in Russia
Company - Mar 16, 2017
According to Federal Anti-Monopoly Service (Fas), Apple's local subsidiary informed 16 retailers to sustain the recommended prices of phones belonging to iPhone 5 and iPhone 6 segments.
Cathay Pacific announces first annual loss in eight years
Company - Mar 15, 2017
On Wednesday, Hong Kong’s Cathay Pacific Airways reported its first annual loss since the 2008 global financial crisis; shares dropped after the official announcement.
Toshiba might sell Westinghouse nuclear business
Company - Mar 14, 2017
Japanese technology company, Toshiba, missed its second deadline to report earnings; President Satoshi Tsunakawa indicated that the firm might sell its major stakes in the US-based nuclear unit.
Vodafone plans to create 2,100 customer service jobs in the UK
Company - Mar 14, 2017
Telecom operator Vodafone has announced its fresh plan to create 2,100 customer service jobs in the United Kingdom over the next two years.
Vista Equity Partners to Acquire Canada-based DH Corp. in $3.6 Billion Deal
Company - Mar 14, 2017
Vista Equity Partners, a United States investment firm, stated that it would acquire Canada’s financial technology company, DH Corporation, in a deal valued C$4.8 billion.
Wanda’s $1 Billion Deal to Acquire DCP Officially Terminated
Company - Mar 11, 2017
The owner of Dick Clark Production (DCP) Inc., Eldridge Industries, confirms that it has dismissed its deal with Wanda Group to sell the American TV production company.
Airbnb raises another $1 billion to become second most valued startup
Company - Mar 10, 2017
Airbnb now valued at $31 billion could use this funding to expand operations globally and for further acquisitions and investments.
Shell to sell off its Canadian oil sands to Canadian Natural
Company - Mar 09, 2017
The deal's net worth to Shell is $7.25 billion, with this deal Shell completes $20 billion of disinvestment as it works towards its target of $30 billion by late 2018.
RadioShack Corp. Files for Bankruptcy Again
Company - Mar 09, 2017
The US-based electronic retailer, RadioShack Corp., said in a statement, it will close nearly 200 stores and also evaluate options on the remaining 1300 electronics shop.
Boeing Unveils the New Model of 737 MAX Family Airliner
Company - Mar 09, 2017
The newly unveiled Boeing 737 MAX 9 beats its older sibling of MAX family, the smaller MAX 8 which was launched by aerospace manufacturer giant in December 2015.
Samsung to create fresh production facilities in the U.S.
Company - Mar 09, 2017
The initial investment is expected to be close to a noticeable amount of $300 million. It is also reported that, Samsung is in talks with five U.S. states, and the fresh decision can generate close to
HPE to Purchase Data Storage Provider Nimble Storage Inc. for $1Bn
Company - Mar 08, 2017
According to the deal, HPE Co. will pay $12.50 per share in cash for Nimble Storage Inc., which shows a 45 percent premium to Nimble’s closing share price on Monday.