News

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Sat, 13 Feb 2021 16:34:36 GMT

GM pays $5.75M in California settlement

General Motors paid $5.75M to settle the allegations it had made false statements over its ignition switch recalls to the Californian biggest pension system, other investors.

Sat, 13 Feb 2021 15:35:01 GMT

Vivendi plans UMG capital distribution

On Saturday, Vivendi stated it was planning a distribution of Universal Music's 60% capital to investors, as well as listing of the company's most-prized asset by the 2021-end.

Sat, 13 Feb 2021 14:31:36 GMT

ByteDance considers India TikTok assets sale

China's ByteDance is considering to sell its TikTok operations in India to the rival firm Glance, according to a Bloomberg News report seen on Saturday.

Sat, 13 Feb 2021 13:40:56 GMT

Clubhouse to review data protection practices

The US audio application Clubhouse stated on Friday that it would conduct a full review of data protection practices amid the Stanford Internet Observatory's report that had indicated to a number of flaws.

Sat, 13 Feb 2021 12:26:43 GMT

Citigroup decreases CEO's compensation

Citigroup Inc stated on Friday that its CEO Mike Corbat's compensation for previous year would be 21% lower than a year before and amount to $19M.

Sat, 13 Feb 2021 10:33:52 GMT

VW calls for a four-year reprieve

Volkswagen AG called the US government on Friday to grant it a four-year reprieve to acquire batteries for its electric cars production.

Sat, 13 Feb 2021 08:59:41 GMT

Citigroup cuts Corbat's compensation by 21%

On Friday, Citigroup Inc announced that outgoing CEO Mike Corbat's payment for last year would be $19M, a 21% decline from 2019.

Sat, 13 Feb 2021 08:04:37 GMT

CEOs of Robinhood, Citadel to testify in Congress

On Friday, the House Committee on Financial Services said that the CEOs of Robinhood, Melvin Capital and Citadel would testify before the US Congress on February 18 on GameStop turmoil.

Sat, 13 Feb 2021 07:04:05 GMT

US economy expects to reach pre-COVID-19 levels

According to a Reuters poll, the US economy is likely to reach pre-coronavirus pandemic levels in a year, driven by President Joe Biden's proposed $1.9 trillion stimulus package.

Sat, 13 Feb 2021 05:43:46 GMT

Facebook builds new smartwatch

Facebook is making a smartwatch with extra fitness and health features, with plans to launch the device sales in 2022, according to The Information report.

Sat, 13 Feb 2021 04:43:47 GMT

US FTC launches probe into Nvidia's Arm deal

The US Federal Trade Commission launched an in-depth investigation into Nvidia's acquisition of Arm, Bloomberg's report shows.

Sat, 13 Feb 2021 03:42:07 GMT

Facebook, Twitter CEOs likely to testify in March

The CEOs of Twitter and Facebook are in negotiations with lawmakers to testify at the House of Representatives hearing in March, according to a Politico report.

Sat, 13 Feb 2021 02:58:53 GMT

Citigroup cuts CEO's 2020 pay by 21%

Citigroup slashed its CEO Mike Corbat's 2020 compensation by 21% to $19M, compared to the previous year, a regulatory filing shows.

Fri, 12 Feb 2021 20:48:14 GMT

Google-France deal makes outlets infuriated

Alphabet's Google agreed to pay $76M in three years to French news publishers to finish a more than one-year-long copyright spat, a deal one publishers' lobby deemed unfair.

Fri, 12 Feb 2021 20:26:14 GMT

Cisco to drive digitization in Japan

The US networking giant Cisco Systems announced its collaboration with Japan through its CDA Program to drive digitization across Japan.

Fri, 12 Feb 2021 19:31:47 GMT

Tech giants against Nvidia's Arm acquisition

Big tech firms including Microsoft, Alphabet and Qualcomm complained to the US antitrust regulators on Nvidia's agreement to acquire Arm, Bloomberg News reported.

Fri, 12 Feb 2021 18:36:06 GMT

MoneyLion to go public via merger

Mobile banking platform MoneyLion agreed to go public via a blank-check merger with Fusion Acquisition, in a deal valuing the combined firm at $2.9B.

Fri, 12 Feb 2021 16:42:56 GMT

Ford CEO urges for LG battery settlement

Ford Motor's CEO Jim Farley publicly called on South Korea's EV battery developers SK Innovation and LG Chem to settle the allegation between two makers over SK stealing trade secrets.

Fri, 12 Feb 2021 15:55:55 GMT

PayPal not likely to invest in cryptocurrencies

PayPal Holdings is unlikely to invest in cryptocurrencies, including bitcoin, the company's CFO John Rainey stated on Thursday.

Fri, 12 Feb 2021 15:18:26 GMT

Siemens renames ITC unit

Siemens' mobility signalling unit Intelligent Traffic Systems will be renamed to Yunex Traffic as part of the company's carve-out plans ahead of a possible sale.

Fri, 12 Feb 2021 14:33:23 GMT

L'Oreal expects rebound in sales

On Friday, the world's largest cosmetics group L'Oreal is anticipating a robust rebound in its cosmetics sales after the COVID-19 pandemic slows down, as people will start going out again.

Fri, 12 Feb 2021 12:50:09 GMT

Tesla to recall over 12K Modex X cars

KBA, the German motor vehicle authority, stated on Friday that Tesla must recall about 12,300 Model X vehicles worldwide amid faulty car body mouldings.

Fri, 12 Feb 2021 11:46:17 GMT

US Dollar is set for decline

On Friday, the US Dollar was expected to end the week's trading by booking a decline. The previous week, the USD ended the week with record gains.

Fri, 12 Feb 2021 10:51:58 GMT

Bitcoin reaches new record

During early Friday's trading, the price for Bitcoin reached above the 49,000.00 level, as the Tesla caused surge continued.

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