News

Wed, 31 Oct 2018 04:50:11 GMT

Ebay beats quarterly profit estimates

On Wednesday, ecommerce giant Ebay claimed that it has beaten the analysts' estimates with $22B of profit after implementing cost cutting efforts.

Wed, 31 Oct 2018 04:36:36 GMT

Digital bank Monzo hits unicorn status after latest fund raising

On Wednesday, British digital banking startup Monzo, backed by Orange Digital Ventures and Passion Capital, claimed that after the latest funding round it managed to attract $1.3B in total and got a unicorn status.

Wed, 31 Oct 2018 03:00:08 GMT

China's manufacturing sector growth slowest in 2 years

According to the Purchasing Manager's Index, China's manufacturing sector showed the slowest growth for the last two year in October due to the trade war with the US.

Wed, 31 Oct 2018 02:59:11 GMT

Trump: Great trade deal between China and US is possible

On Wednesday, the US President Donald Trump claimed he believes that a "great trade deal" between China and the US could be achieved but warned that in case of no deal the US is ready to implement additional tariffs.

Tue, 30 Oct 2018 21:07:55 GMT

Sports Direct to shut down stores in rescue of Evans Cycles

The UK sportswear group Sports Direct acquired Evans Cycles, the specialist cycling retailer, to rescue the firm from liquidation, saying the chain is planning to keep only half of its 62 stores open.

Tue, 30 Oct 2018 21:06:42 GMT

CVC, Bain buyout companies fight for Papa John's

The private equity firms CVC Capital Partners and Bain Capital are competing to take over the third-biggest pizza delivery group in the world, Papa John's, sources with a knowledge said on Tuesday.

Tue, 30 Oct 2018 19:53:04 GMT

Allergan disappointed with buyer interest in its business units

On Tuesday, Allergan's CEO Brent Saunders stated that the early offers proposed by possible buyers for its business units, which had been put up for a sale, undervalued the firms, sending the company's shares down over 6%.

Tue, 30 Oct 2018 19:52:29 GMT

Traub Capital acquires Hero's Signature Brands unit

The Hero Group, Swiss consumer goods firm, announced on Tuesday it had sold its US decoration business unit Signature Brands to Traub Capital, not disclosing the financial terms of the deal.

Tue, 30 Oct 2018 19:04:58 GMT

Merkel pledges fund to tackle unemployment in Africa

On Tuesday, the German Chancellor Angela Merkel promised a development fund to help to fight unemployment in Africa.

Tue, 30 Oct 2018 19:00:34 GMT

Mastercard shares decline on Tuesday

Mastercard's shares edged lower on Tuesday, as investors were disappointed about the company's Q3 revenue growth.

Tue, 30 Oct 2018 18:22:56 GMT

Rising supply weighs on oil prices

Oil prices declined by more than $1 per barrel on Tuesday, as rising oil output weighed heavily on crude oil prices.

Tue, 30 Oct 2018 18:19:51 GMT

Wall Street edges higher on Tuesday

Chipmakers helped US shares to edge higher on Tuesday after the Commerce Department cut off China's semiconductor producer from its US suppliers.

Tue, 30 Oct 2018 17:06:20 GMT

General Electric promises to restructure its power unit

General Electric Co has promised to restructure its power system, as the 126 years old corporation is struggling from mistakes, that has eroded profits.

Tue, 30 Oct 2018 17:03:44 GMT

General Electric slashes quarterly dividend

General Electric's new Chief Executive Officer Larry Culp has slashed the company quarterly dividend to a penny per share.

Tue, 30 Oct 2018 16:32:21 GMT

Witter says VW is open to deeper alliance with outside companies

Frank Witter, Volkswagen's Chief Financial Officer, said on Tuesday that the carmaker would like to work with outside companies, mostly in the area of autonomous driving.

Tue, 30 Oct 2018 16:18:07 GMT

Apple to update aging iPad Pros and Macs with new features

Apple Inc announced on Tuesday that it would be adding new features, like faster processors and better displays, to some Mac laptops and facial recognition to the iPad Pro.

Tue, 30 Oct 2018 15:32:22 GMT

Pfizer head sees no need for big acquisitions

Pfizer's Chief Executive designate Albert Bourla stated on Tuesday there was no need for large acquisitions, after the drugmaker reported its Q3 earnings, beating analysts' estimates.

Tue, 30 Oct 2018 15:27:55 GMT

JPMorgan's Electricity North West seeks £2.0B sale

The JPMorgan-owned Electricity North West picked some advisers to lead a plan and a strategic view of a £2.0B sale of the firm, according to Sky News report published on Tuesday.

Tue, 30 Oct 2018 14:16:25 GMT

UK and Norway agree upon citizen status after Brexit

On Tuesday, representatives of Norway and the United Kingdom announced that the two countries have made a deal that allows Norwegian citizens to remain in the UK after Brexit.

Tue, 30 Oct 2018 14:15:50 GMT

Apple will release new iPads

On Tuesday, Apple announced that the company will release a new iPad, which will have the facial recognition feature.

Tue, 30 Oct 2018 13:06:51 GMT

Lufthansa has no interest to be part of Alitalia's shake-up

Lufthansa's CEO Carsten Spohr stated on Tuesday the airline was not interested to be the part of the Italian government-led Alitalia carrier's restructuring deal.

Tue, 30 Oct 2018 12:59:06 GMT

Chesapeake to acquire WildHorse for $4.0B

Chesapeake Energy is set to acquire WildHorse Resource Development, the US oil producer, in a deal valued at around $4.0B, it announced on Tuesday, seeking to boost oil production capacity on the back of rising prices on crude.

Tue, 30 Oct 2018 12:07:28 GMT

WH Smith shares rise 5% on InMotion takeover

Shares in the UK newspaper, books and stationary retailer WH Smith surged 5% on Tuesday on the news it would acquire InMotion, the US digital accessories seller, in a deal worth £155M.

Tue, 30 Oct 2018 12:07:17 GMT

Blackstone picks Keppel as preferred bidder for Ixom sales

The Singaporean firm Keppel Infrastructure Trust has been chosen by Blackstone as the preferred bidder for its sale of Australia's chemical company Ixom Holdco Pty.

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