The ride-hailing giant Uber Technologies has entered advanced talks to acquire the Dubai-based competitor Careem Networks, in a potential cash-and-stock deal that could value Careem at around $3.0B, according to Bloomberg.
Novartis has faced shareholder criticism over the higher prices for its high-tech life-saving drugs at the annual general meeting held this Thursday.
On Thursday, Air Canada has raised its long-term goals for free cash flow and profit margins, as the Canadian largest carrier benefits from its cost-cutting efforts and expansion into more destinations.
The number of applications for US unemployment benefits climbed 8K to 225K in the week ended February 23, beating analysts' anticipations of a 221K surge from the previous upwardly revised 217K reading.
Lyft and Uber, the ride-hailing companies, are planning to offer their most-active and veteran drivers some cash bonuses with an option to convert them into shares from the stock market listings, the WSJ reported on Thursday.
On Thursday, J.C. Penney reported its Q4 results beat analysts' estimates, driven by strong sales of jewellery and apparel during the holiday shopping season in December.
ABB's CEO Ulrich Spiesshofer stated on Thursday his company would not make large acquisitions during the next year and a half, adding that money attracted from the $8.0B power grids business sale would go to shareholders.
On Thursday, Inmarsat shares surged as much as 9.8% on a report that the US satellite company EchoStar was set to resume its bud for the firm within the following next months.
The Chinese second-biggest e-commerce company, JD.com, posted a 22.4% jump in its Q4 revenue on Thursday, boosted by robust online retail sales, topping analysts' expectations and sending the firm's shares up 8%.
On Thursday, Roll-Royce decided to quit the race of powering Boeing's mid-market plane, as the company has no more intention to risk disruption for the airline clients by rolling out any product with no extensive testing.
The European Union regulator is expecting the first inquiry into Facebook's personal data usage to be completed by that summer, the Irish Data Protection Commissioner stated on Thursday.
BMW and Daimler have strengthened their partnership on Thursday with the intention to share costs on the spiralling development for their automated driving technologies, Daimler stated in a blog post.
On Thursday, Future Retail stated its SHME Food Brands arm had inked a master franchise pact with the US group 7-Eleven to operate its Indian stores, on the back of the company's entry into the state.
The German Finance Ministry's advisor, Joerg Rocholl, stated that he considered the Deutsche Bank-Commerzbank merger deal did not make any economic sense for that moment.
Shareholders, Singapore Press Holdings and conglomerate Keppel Co, announced late on Wednesday they were set to delist the country's smallest telecommunications company M1, after their bid to take control over the firm closed.
Wellington Management, the top Bristol-Myers Squibb's shareholder, stated it would not support the US drugmaker's $74B worth takeover of the biotech firm Celgene.
On Thursday, Donald Trump announced that US has begun mediation between Pakistan and India. Moreover, Pakistan already is considering the return of the downed Indian pilot. During the mediation process safe haven assets were plummeting in value.
Thousands of passengers of Thai Airways were being hurt by the cancellation of flights over Pakistan. The company is set to suffer losses due to having to pay out compensations or offering alternatives.
The Dutch government built up a 14% stake in the Air France KLM airline group, in a move to protect the Dutch interests from France's growing dominance in the company.
Wabco Holdings, the US car parts maker, stated it had been approached by the German competitor ZF Friedrichshafen for a possible acquisition, sending its shares up 10% on the news.
On Thursday, the waste management company Bingo Industries has received a regulatory approval to acquire its smaller competitor Dial-a-Dump, saying it would also conducts its share buyback.
Walt Disney has agreed on the Brazilian antitrust regulator CADE's conditions to sell its Fox Sports channel's local rights to gain the approval of its Twenty-First Century Fox takeover.
The Chinese group Tencent Music Entertainment and the US buyout fund KKR are considering to make rival bids for a half of Vivendi's Universal Music unit, in a potential deal worth up to $22.73B.
Walt Disney has entered talks with AT&T to acquire a 10% stake in WarnerMedia's Hulu, the Variety business news portal reported late on Wednesday.