Austria's sensor producer AMS is poised to receive the green light from the EU for acquisition of German lighting group Osram, three sources said.
Assicurazioni Generali SpA approached Brightsphere Investment Group over a potential acquisition of the US asset management company.
Frence's drugmaker Sanofi, which employs 100K people worldwide, confirmed that it will slash up to 1,680 positions in Europe to diminish costs and lift profits.
After Friday meeting, the European Union officials stated US tourists are likely to remain banned to enter the bloc following July 1.
Despite an 8.2% rise in consumer spending in May, the personal income diminished 4.2% due to the rise in unemployment and is expected to drop further.
Due to the rise of coronavirus cases in the US and China on Friday, Brent and WTI prices declined, despite the previous gains.
Microsoft Corp announced to close physical retail stores to switch the company's focus to digital channels. Employees of current retail stores to be assigned to different roles.
On Friday, the world's biggest footwear manufacturer Nike Inc notified about their plans to cut jobs after reporting a $790M loss in the first quarter of 2020.
After a disastrous collapse of the German payment processor Wirecard, the European Union has started to investigate BaFin's adequacy.
SoftBank claimed on Friday it would sue the accounting company EY for its role in the Wirecard scandal, according to the news magazine Der Spiegel's report.
Sanofi is exploring to slash more than1,6K jobs in Europe, as France's drugmaker seeks to cut costs to its staff representatives, according to Reuters.
Chief Executives of the major US airlines will hold a meeting this Friday over coronavirus-related travel issues, such as a push to reassure the federal government that temperature checks are necessary for passengers.
On Friday, the PG&E Corporation announced that it had raised $5.5 billion via a share offering and equity sale.
On Friday, Alibaba Group Holding's arm Lazada announced it would appoint Chun Li as its new chief executive officer to boost its dominance in the rapidly-growing market.
Albertsons Companies, the US supermarket operator, has made a decision to proceed with its downsized $800M worth IPO on Thursday, following a push from Cerberus Capital Management, its PE owner, to cash out.
Amazon.com Inc will acquire the self-driving start-up Zoox in a deal worth $1.0B, aiming to pave the way for the e-commerce giant's expansion into self-driving technology.
Volvo Cars Group and Waymo will partner to develop an autonomous electric vehicle aimed at ride-hailing use, with Waymo focusing on AI and certain hardware, while Volvo will design and manufacture the cars.
Harley-Davidson is set to slash around 140 job positions in the US, as the motorcycle maker seeks to adjust its production volumes.
China's Huawei Technologies received a green light for building a $1.2B worth research and development centre in Britain that will employ about 400 people, the company said.
The IT consulting group Accenture exceeded analysts' expectations for its Q3 profit and revenue on Thursday, anticipating strong bookings for the company's current quarter and sending the shares up around 8%.
Olaf Scholz, the German Finance Minister, demanded regulatory rethink after the Wirecard collapse that unveiled a hole in the payments company's books and left it owing about $4.0B to creditors.
On Thursday, Blackstone Group named Alphabet's Chief Financial Officer Ruth Porat as a new member of its board of directors.
The ECB policymakers defended the $2.24 trillion of government bond purchases, the European Central Bank said in its minutes of the June 4 meeting.
On Thursday, the Norwegian PM Erna Solberg announced that Norway would lift travel barriers on the European nations that meet conditions regarding their coronavirus situation from July 15.