News

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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.

Tue, 30 Oct 2018 10:52:44 GMT

Stock markets continue to decline

European and Asian stock market indices continued to decline by the middle of Tuesday's London session.

Tue, 30 Oct 2018 10:52:16 GMT

Traders bet on Yuan fall

As the Chinese Yuan approaches the seven dollar mark, market participants expect that the government will eventually let the currency fall below this level.

Tue, 30 Oct 2018 10:36:48 GMT

Sam's Club plans opening new innovation centre in Texas

Sam's Club, the warehouse chain owned by Walmart, is set to launch a new innovation centre and store in Texas' Dallas, to test technology ahead of its implementation in stores.

Tue, 30 Oct 2018 10:32:28 GMT

AstraZeneca to sell EU rights to Nexium to Grunenthal

AstraZeneca stated it was planning to sell its EU rights to Nexium, the acid-reflux medicine, to Grunenthal in a deal worth $700M in an upfront and $90M as the future sales-related payments.

Tue, 30 Oct 2018 09:39:07 GMT

Restaurant Group acquires Wagamama

On Tuesday, Frankie & Benny's British owner Restaurant Group acquired the noodle chain Wagamama in a cash-deal valued at $457.03M, on the back of the company's expansion.

Tue, 30 Oct 2018 09:36:00 GMT

Japan's Eighteenth Bank & Shinwa Bank to delay merger deal by six months

Shinwa Bank and Japan's Eighteenth Bank decided to delay their merger deal by six month, as they seek to prepare for the local calendar change.

Tue, 30 Oct 2018 08:37:50 GMT

Sony lifts annual profit forecasts to record-high amid robust Q2 results

Sony increased the annual operating profit estimates by 30% to its record-high, after reporting robust Q2 profit results, driven by its popular game titles and growing demand for the company's online gaming services.

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