News

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Fri, 29 Jun 2018 14:26:59 GMT

Brunswick to acquire Power Products' division for $910M

On Friday, the boat maker Brunswick stated it would acquire the global mobile and marine business unit of Power Products in a cash-deal valued at $910M.

Fri, 29 Jun 2018 13:37:53 GMT

France's Syntony raises $11.6M to fund global expansion

Syntony, the French company that designed location systems to detect mobile phones in underground and tunnels has raised $11.6M to fund its global expansion.

Fri, 29 Jun 2018 13:34:15 GMT

TalkTalk drops plan on its direct B2B business sale

TalkTalk Telecom Group, the UK broadband company, stated on Friday it had decided to drop a plan over sale of its direct B2B business to Daisy Group.

Fri, 29 Jun 2018 12:07:09 GMT

Facebook, Twitter unveils tools for advertising tracking

On Thursday, Twitter and Facebook have launched specific tools to track advertising, identifying which are owned to political campaigns and who had paid for them, amid US regulation threat over platforms' lack of disclosure on such issues.

Fri, 29 Jun 2018 12:03:13 GMT

Biogen seeks to bolster its stake in Samsung Bioepis

Biogen stated on Friday it had exercised the option to acquire extra shares of the biopharma developer Samsung Bioepis, a joint venture formed in 2012 by Biogen and Samsung BioLogics.

Fri, 29 Jun 2018 11:37:13 GMT

France's Rexel to change business portfolio to tackle Amazon

Rexel, France's electrical parts distributor, is trying to develop new strategies to tackle Amazon.com, including a shake up of its business portfolio, the CEO stated on Friday.

Fri, 29 Jun 2018 10:06:31 GMT

Turkey to continue trade ties with Iran

The Turkish Foreign Minister Mevlut Cavusoglu explained on Friday that Turkey would not terminate trade ties with Iran despite the US demands to stop its oil imports.

Fri, 29 Jun 2018 09:56:23 GMT

Euro zone's inflation in line with 2% target

The annual inflation in the Euro zone reached 2% year-on-year in June, with the highest rate increase being in the energy, food, tobacco and alcohol sectors.

Fri, 29 Jun 2018 09:07:12 GMT

BP buys British e-vehicle charging firm Chargemaster

BP is acquiring Britain's key electric vehicle charging company Chargemaster, seeking to launch its ultra-fast chargers all over the UK, before targeting China's growing market.

Fri, 29 Jun 2018 09:03:25 GMT

France's Accor to acquire 50% of Sam Nazarian's SBE

The EU largest hotels group AccorHotels agreed to acquire a 50% stake in the hotelier Sam Nazarian's unit SBE Entertainment Group in a deal valued at $319M.

Fri, 29 Jun 2018 08:01:18 GMT

Pokemon Go maker to sell technology behind its games

Niantic Labs, the Pokemon Go creator, is seeking to sell such technology that would bolster its titles to the other game makers, the Google-backed start-up stated on Thursday.

Fri, 29 Jun 2018 07:58:29 GMT

Twitter's Director of Products Ed Ho to resign

On Thursday, Twitter said that Ed Ho, its product head, is willing to step down for some personal reasons and would be replaced by Periscope's ex-CEO Kayvon Beykpour.

Fri, 29 Jun 2018 06:50:44 GMT

Novartis plans to spin off Alcon, buy back $5.0B in shares

Novartis announced its plan on Friday to spin off its Alcon eye-care devices unit and to buy back abut $5.0B in shares, as the company targets to expand in prescription drugs area.

Fri, 29 Jun 2018 06:50:24 GMT

Japan's Orix acquires American Peak Utility Services

According to the Nikkei newspaper, Orix Corp, the Japanese financial services company, has acquired the US-based infrastructure maintenance provider Peak Utility Services for an amount that was not disclosed.

Fri, 29 Jun 2018 06:36:59 GMT

Xiaomi price IPO in Hong Kong at its range bottom, lifts $4.72B

China's Xiaomi has priced its initial public offering in Hong Kong at the lowest level of the planned range, raising $4.72B in four years, sources familiar with the issue reported on Friday.

Fri, 29 Jun 2018 06:33:46 GMT

Mexican watchdog accepts Banorte's takeover of Interacciones

On Thursday, Grupo Financiero Banorte stated that Mexican regulator had approved its takeover of the Grupo Financiero Interacciones peer, adding the process should be completed by this July-end.

Fri, 29 Jun 2018 05:12:09 GMT

Merkel says satisfied with text on migration

The German Chancellor Angela Merkel stated on Friday she was satisfied that leaders of the European Union managed to write a "positive" common text on migration.

Fri, 29 Jun 2018 05:07:13 GMT

Italy welcomes EU migration deal

The Prime Minister of Italy Giuseppe Conte welcomed on Friday an agreement on migration reached by members of the European Union after nine hours of negotiations in Brussels.

Fri, 29 Jun 2018 04:18:34 GMT

Citgo Petroleum selects two new executives

Luis Marquez and Edward Oduber were named on Friday as two new executives of the US refining arm of Venezuela's PDVSA Citgo Petroleum.

Fri, 29 Jun 2018 04:13:06 GMT

Oil prices decrease amid trade frictions

Crude oil prices dropped by 26 cents or 0.4% on Friday, reaching $73.19 a barrel, amid growing concerns about trade confrontation between the US, EU and China.

Fri, 29 Jun 2018 02:52:45 GMT

Nike returns to expansion in North America

Nike beat profit in the fourth quarter and revenue estimates, as focus on direct-to-customer sales and new launches helped reverse decreasing sales in North America for the first time in the reported year.

Fri, 29 Jun 2018 02:50:35 GMT

China Tower gets approval for IPO in Hong Kong

China Tower, the world's biggest mobile mast operator, won approval in Hong Kong for an initial public offering, which could raise nearly $10B, according to sources familiar with the situation.

Fri, 29 Jun 2018 02:32:41 GMT

Sharp cancels share issue amid impact of US-China trade issues

Japan's Sharp Corp cancelled the intention to issue up to $2B in new shares, citing trade friction between the US and China, which increased volatility in the stock market.

Fri, 29 Jun 2018 02:29:42 GMT

Verizon to shut down go90 mobile app

Verizon Communications was shutting down the company's mobile video application go90 less than three years after the service launched, a spokeswoman stated.

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