News

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Fri, 15 Jan 2021 04:43:07 GMT

Google completes deal to acquire Fitbit

Google announced it had closed the deal to acquire Fitbit, the fitness tracking company, despite the US Department of Justice was still continuing the probe of the $2.1B transaction.

Fri, 15 Jan 2021 03:47:42 GMT

Wells Fargo to reveal cost-cutting plan

Wells Fargo's CEO Charlie Scharf is planning to unveil its cost-cutting plan to investors this week, while Wall Street is anticipating the mortgage lender to post a 38% profit drop on Friday.

Thu, 14 Jan 2021 22:38:12 GMT

Delta expects recovery in 2021

Delta Air Lines is expecting recovery this year after its operating revenue had been cut by 64% due to the coronavirus pandemic, signalling the carrier's first annual loss since 2009.

Thu, 14 Jan 2021 20:41:05 GMT

Renault to cut costs, focus on tech

Renault's new boss is switching to a new strategy with plans to cut costs and focus on electric vehicle technology, seeking to revive the pandemic-hit business.

Thu, 14 Jan 2021 19:42:48 GMT

Samsung unveils new Galaxy S phone

On Thursday, Samsung Electronics has launched its new Galaxy S smartphone over a month earlier than the company's usual schedule of annual release for its flagship models.

Thu, 14 Jan 2021 18:41:46 GMT

US import prices soar in December

US imports prices surged 0.9% last month, topping expectations of a 0.7% rise and driven by weak dollar and energy products' higher prices, according to the Labor Department's data.

Thu, 14 Jan 2021 18:00:45 GMT

Subaru to slash output in US, Japan

Japan's automaker Subaru is set to slash output this month by "several thousand" cars at plants in the US and Japan due to a global shortage of semiconductors.

Thu, 14 Jan 2021 16:56:16 GMT

Google finishes $2.1B Fitbit acquisition

Alphabet Inc's Google completed its $2.1B acquisition of Fitbit, the wearable device company, both companies stated on Thursday.

Thu, 14 Jan 2021 15:46:19 GMT

PayPal - first private payments firm in China

PayPal Holding became the first foreign operator with full control of its payment platform in China, China's government data revealed.

Thu, 14 Jan 2021 15:22:37 GMT

Tech giants team up on vaccination digital records

Technology giants including Oracle, Microsoft and healthcare firms Mayo Clinic and Cigna have formed a coalition for creating digital records of COVID-19 vaccinations.

Thu, 14 Jan 2021 14:22:27 GMT

Nokia, Google tie up over 5G network

On Thursday, Nokia has cooperated with Google Cloud division for building 5G network infrastructure, seeking to allow its business customers to offer automated manufacturing and smart retail services.

Thu, 14 Jan 2021 12:44:35 GMT

BlackRock profit tops estimates

On Thursday, the world's biggest asset manager BlackRock reported a larger-than-anticipated quarterly profit, as boosted financial markets' activity resulted in increased fees and pushed the company's assets to record highs.

Thu, 14 Jan 2021 12:04:16 GMT

PepsiCo targets net-zero emissions by 2040

On Thursday, PepsiCo stated it is planning to cut greenhouse gas emissions at its supply chain to net-zero level by 2040, amid an urge from investors and consumers on large corporations to battle against global warming.

Thu, 14 Jan 2021 11:22:30 GMT

Biden plans new stimulus package

On Thursday, Reuters reported that the US President Joe Biden intends to propose a new $1.5 trillion stimulus package.

Thu, 14 Jan 2021 10:04:36 GMT

Signal faces "unprecedented" growth

The messaging app Signal said it had seen an "unprecedented" growth after its rival WhatsApp's controversial change in its privacy terms, adding it was considering to hire extra staff to boost the supporting and service infrastructure.

Thu, 14 Jan 2021 09:01:00 GMT

Renault shifts to new strategy

Renault is planning more cost reductions and will shift its focus to a smaller production amount of its profitable models amid a new strategy proposed by the French carmaker's new boss to revive the coronavirus-hit business.

Thu, 14 Jan 2021 08:23:36 GMT

US urges Tesla to recall 158K vars

US NHTSA urges Tesla to recall 158K of its Model X and Model S vehicles, citing media control unit failures, which could lead to faulty touchscreen displays.

Thu, 14 Jan 2021 07:16:54 GMT

US shelves investment ban on China tech giants

Trump's Administration has scrapped its planned investment ban on the Chinese tech titans Baidu, Alibaba and Tencent, providing a temporary reprieve to the corporates amid Washington's broader crackdown.

Thu, 14 Jan 2021 05:45:15 GMT

Petco sell shares above price target range

Pet retailer Petco Health and Wellness Company Inc stated it sold its shares in an IPO at $18 apiece, surpassing its target range, to raise nearly $816.5M.

Thu, 14 Jan 2021 05:28:44 GMT

DJI to work over self-driving techology

China's SZ DJI Technology, the world's biggest drone maker, is set to build an engineering team to work over self-driving technologies, sources familiar with its strategy said.

Thu, 14 Jan 2021 04:29:39 GMT

France concerned on $20B offer for Carrefour

The French government raised concerns over a $20B takeover approach for Carrefour SA by Canada's Alimentation Couche-Tard, questioning food sovereignty and job security.

Wed, 13 Jan 2021 21:43:11 GMT

Volkswagen slashes production further

Volkswagen announced that it would further slash car production at the main plant in Germany amid a shortage of semiconductors, which hit the industry worldwide.

Wed, 13 Jan 2021 20:53:44 GMT

Qualcomm to buy Nuvia for $1.4B

Qualcomm is planning to acquire a chip start-up founded by Apple's veterans Nuvia Inc in a deal worth $1.4B, as it seeks to put the company's technology into its laptop, smartphone and automotive processors.

Wed, 13 Jan 2021 19:42:24 GMT

Lockdowns may hit Q1 earnings recovery

The on-going mobility restrictions and lockdowns in several countries are threatening to slow the companies' first-quarter earnings recovery, investment banks warned on Wednesday.

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