News

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Thu, 09 Aug 2018 13:51:29 GMT

Israel's Aeronautics gets takeover bid from Stolero, Rafael

The Israeli businessman Avihai Stolero and the state-owned firm Rafael Advanced Defense Systems have made a takeover proposal worth $117M for the country's drone company Aeronautics.

Thu, 09 Aug 2018 13:37:53 GMT

Tribune Media ends $3.9B takeover deal with Sinclair

Tribune Media has halted its $3.9B deal to be taken by Sinclair Broadcast and filed a lawsuit, following regulators' objections to the takeover.

Thu, 09 Aug 2018 12:33:02 GMT

AMA opposes merger deal between CVC Health and Aetna

American Medical Association called on the US Justice Department to halt the plans of CVC Health to acquire the insurance provider Aetna, claiming their merger deal could be valued at higher prices for the prescription medicines.

Thu, 09 Aug 2018 12:27:37 GMT

Algar, American Tower acquire Cemig's telecom assets

Algar Telecom SA and American Tower Corp have acquired the telecom assets of the Brazilian broadband network of Cemig this Wednesday.

Thu, 09 Aug 2018 10:50:43 GMT

UnitedHealth acquires pharmacy operator Genoa

UnitedHealth Group has signed a deal to acquire Genoa Health, the specialty pharmacy operator, from the private equity group Advent International, according to the Axios news website.

Thu, 09 Aug 2018 10:50:35 GMT

Walmart's takeover deal gets Indian watchdog's nod

Indian antitrust regulator cleared the US retail titan Walmart's $16B worth takeover of the online marketplace Flipkart, intensifying the competition between the group and its rival Amazon.com.

Thu, 09 Aug 2018 10:22:59 GMT

Russian financial system remains stable

Although the Kremlin condemned the recent US sanctions, officials of the country have revealed that the Russian financial system remains stable.

Thu, 09 Aug 2018 10:22:19 GMT

Russia condemns US sanctions

As the Russian Ruble tumbled downwards, Russian authorities announced that the new US sanctions are draconian.

Thu, 09 Aug 2018 09:38:30 GMT

Perrigo board approves plan to separate pharma business

On Thursday, Perrigo Company board has approved a separation of its business unit Prescription Pharmaceuticals after completing the company's strategic portfolio review.

Thu, 09 Aug 2018 09:35:58 GMT

Dai-ichi acquires Suncorp's division for $540M

Australia's Suncorp is set to sell its life insurance uni to the Japanese company Dai-ichi Life Holdings in a deal valued at $540M.

Thu, 09 Aug 2018 08:06:33 GMT

Tronc considers sale bid of newspaper business

Tronc is considering a proposal to sell its newspaper business, including Chicago Tribune, to a private equity group for about $19-$20 per share.

Thu, 09 Aug 2018 08:03:18 GMT

Orsted to acquire Lincoln Clean Energy in $580M deal

Denmark's Orsted is planning to acquire Lincoln Clean Energy, the American wind farm developer, in a deal valued at $580M to support its expansion and boost the market growth.

Thu, 09 Aug 2018 07:38:47 GMT

Investor group to acquire Dun & Bradstreet for $5.38B

Investor group led by Cannae Holdings, CC Capital and Thomas H. Lee Partners affiliated funds is set to acquire the data and analytics firm Dun & Bradstreet in a cash-deal worth $5.38B.

Thu, 09 Aug 2018 07:34:41 GMT

Albertsons, Rite Aid end merger deal due to opposition

On Wednesday, the US grocer Albertsons Companies and Rite Aid Corp, the drug store chain, announced they would terminate their merger accord amid shareholders' opposition to the deal.

Thu, 09 Aug 2018 05:24:03 GMT

China factory inflation cools in July

The Chinese factory price inflation slowed in July due to a fall in the economic growth with the country locked in a trade dispute with the US, though tariffs on the US goods are expected to add to wider price pressures.

Thu, 09 Aug 2018 05:14:44 GMT

Japan machinery orders decline in June

The Japanese core machinery orders decreased in June by strongest in the six-month period, with companies expecting another moderate drop in the Q3 in a sign that capital expenditure is likely peaked out.

Thu, 09 Aug 2018 04:38:08 GMT

Japan: Suzuki, Yamaha Motor, Mazda conduct improper testing

Suzuki Motor, Yamaha Motor and Mazda Motor carried out improper emissions and fuel economy on their cars, the Japanese Transport Ministry stated on Thursday.

Thu, 09 Aug 2018 04:35:26 GMT

Dada-JD Daojia gets $500M from JD.com, Walmart

Dada-JD Daojia, China's online delivery and grocery firm, stated that it raised $500M from JD.com and Walmart in the latest round of funding.

Wed, 08 Aug 2018 20:06:23 GMT

Pound Sterling declines on Brexit fears

On Wednesday, the British Pound fell to a one-year low level on concerns about the United Kingdom's exit from the European Union.

Wed, 08 Aug 2018 20:06:12 GMT

Oil tumbles on Chinese import data

Oil prices dipped after data showed that China's import decreased in demand, and weighed heavily on worlds equity market, as US technology stocks extended recent gains.

Wed, 08 Aug 2018 19:21:32 GMT

IKEA struggles to keep prices low in India

IKEA set to open its first store in India and make some prices even cheaper than elsewhere to persuade cost-conscious shoppers who like to DIY furniture.

Wed, 08 Aug 2018 19:14:55 GMT

Researchers uncover security flaws in Samsung Galaxy S7 smartphones

Researchers discovered that Samsung's Galaxy S7 smartphones have a security flaw that put millions of its users at risk of hackers.

Wed, 08 Aug 2018 18:18:36 GMT

Tesla board to evaluate CEO Musk's idea

On Wednesday, Tesla Inc's board stated it was evaluating Chief Executive Officer Elon Musk's idea to take the company private.

Wed, 08 Aug 2018 18:14:53 GMT

Oil falters on slowing Chinese demand, as trade wars escalate

On Wednesday, oil prices lost almost 4% of its value, as trade tensions between China and the United States escalated further after data showed Chinese import slowdown in energy demand.

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