United Natural Foods, the grocery distributing firm, has filed a lawsuit against Bank of America and Goldman Sachs Group, saying the banks were motivated by their financial interests, rather than the company's, advising it on an acquisition worth billions of dollars last year.
General Electric stated it would unite its electrical grid and battery storage units into a single hydropower and wind turbine business, as the company aims to cut costs and support the climbing demand for the renewable power.
Chevron has finalised its deal with Brazil's state oil firm Petrobras and is set to acquire its refinery unit in Pasadena for $350M, Reuters reported.
Germany's business software company Software AG is considering to spend up to €1.5B on acquisitions, the firm's CEO Sanjay Brahmawar stated on Thursday, seeking to boost its growth in the industrial internet and data integration.
Deutsche Bank is seeing a merger with its competitor Commerzbank by the middle of this year, in case the efforts to reorganise the lender fail, Bloomberg's report showed on Thursday.
South Korea's gaming group Netmarble is planning to establish a consortium to make a bid for a majority stake in a holding firm owned by Nexon, in a potential deal that could value the company at about $9.0B.
Sri Lanka suspended Johnson & Johnson Baby Powder's imports until the group presents proof of the product to be free from asbestos, which could potentially cause cancer.
Tesla's Chief Financial Officer Deepak Ahuja is set to leave the company, after the carmaker promised to make Model 3 sedans cheaper, as the electric vehicle maker aims to make its cars more affordable and not go bankrupt.
Late on Wednesday, General Motors announced it would temporarily suspend its operations at eleven Michigan factories and the Warren Tech Centre, following an emergency appeal aimed at users to conserve the natural gas, when the weather is extremely cold.
The UK car output fell 9% last year, the largest drop since the recession in 2008, while investment slumped by almost half amid fears about Brexit, an industry body stated.
Activity in the Chinese manufacturing sector dropped for the second month in succession in January, indicating further strains on the economy, which could increase risks to global growth.
The UK consumers remained gloomiest in more than five years in January with an improvement in the personal finances offsetting rising concern over the outlook for the following 12 months, when Britain is due to quit the EU.
Microsoft on Thursday met Wall Street's estimates for the company's quarterly results, though sales of Azure cloud computing rose more slowly than in the prior year.
Visa beat Wall Street forecasts for quarterly profit, as the payments network processed higher volume of transactions on the back of increased consumer spending over the holiday season.
Samsung Electronics warned of lower earnings this year, as the company posted a 29% slump in operating profit in the Q4, affected by a slowdown in memory chips demand.
On Wednesday, Saudi officials announced that they have ended the fifteen month long anti-corruption campaign, which impacted many of the country's elite and recovered nearly $106 billion.
The US Department of Agriculture on Wednesday announced that the government workers will resume publishing various US macroeconomic data sets on February 7. The data release might cause a heavy impact on the US Dollar's value.
The Federal Reserve announced simultaneously with its monthly rate announcement that the central bank will be patient in regards to increasing borrowing costs and closely monitor the financial markets.
On Wednesday, the US Federal Reserve made an interest rate announcement. The Fed kept their interest rate unchanged.
AT&T reported weaker increase in wireless customers and broader declines in the pay-TV business than Wall Street anticipated, sending shares down 4%.
The EZ economic sentiment dropped more than anticipated to the lowest level in tow years in January, as all components except the construction sector and consumers became revealed more pessimism about the prospects of the block at the start of the year.
Contracts to purchase previously owned homes declined in December, the NAR stated, in another indicator of weakness in the property market.
The UK Lloyds Banking Group is likely to cut 292 positions across several offices within a lingering cost-cutting drive, the union stated.
EU companies listed on the STOXX 600 Index are set to report 3.6% year-over-year earnings growth in the Q4, sharply below the 4.8% forecast.