JPMorgan Chase has entered talks over merging Quorum, its marquee blockchain division, with Brooklyn-based start-up ConsenSys, with the deal to be likely announced within the following six months.
Deutsche Bank invited bids from Amazon, Google and Microsoft to overhaul its fragmented and outdated technology networks, as part of its $14.20B technology investment on the back of the German bank's restructuring.
Daimler reported a 64% drop in its 2019 net profit, the largest fall in the last ten years, despite record-high Mercedes-Benz's sales results, while shares of the German carmaker rose 2% on Tuesday.
The sensor specialist AMS posted its Q4 revenues above the forecast due to strong demand for the high-end smartphones; however, sees its revenues slowing in the Q1 even without a negative impact from the coronavirus.
On Tuesday, Honda Motor announced it would likely to restart its component and vehicle production at the majority of the Chinese factories from February 17, after the suspension over the coronavirus outbreak.
Shares in Michelin plunged 1.2% on Tuesday following a report revealed by the company that forecast a lower 2020 operating income and flagged uncertainty to the French tire maker business due to the coronavirus outbreak in China.
Deutsche Bank is planning to issue at least $1.0B in Additional Tier 1 securities on the back of the bank's intention to manage the regulatory capital requirements.
Walmart de Mexico reported that sales at its Mexican stores open for over a year increased 2.7% last month, compared with the January 2019 results, while its total sales in the country rose 4.2% in January 2020.
Amazon.com has appointed Mike Hopkins, currently chairman of Sony Pictures Television, as the head of the company's video platform "Prime", as well as TV and movie studios.
US district judge is likely to rule in favour of T-Mobile and Sprint merger, with the decision to be made public on Tuesday, according to the Wall Street Journal.
China's Geely Automobile has entered talks with Volvo over a possible merger of their businesses to establish a stronger global automaker with Hong Kong listings and possibly in Stockholm.
Xerox Holdings has increased its bid to acquire HP Inc from $22 for a share to $24, after several rejections of the previous buyout proposals made by the personal computer maker.
Wind turbine manufacturer Vestas announced on Monday that Google's plans to acquire a 12.5% shares in Africa's biggest wind farm have ended due to delay.
On Monday, Wall Street's main indexes continued to rally, as Nasdaq recorded a new high. The Dow Jones Industrial Average rose by 0.14% at 12:49 pm ET, while the benchmark S&P 500 gained 0.26%.
China's Geely Automobile has entered talks with Volvo over a possible merger of their businesses to establish a stronger global automaker with Hong Kong listings and possibly in Stockholm.
WeWork, the office-sharing start-up, temporarily closed its 100 Chinese buildings over the coronavirus outbreak, the company's Chairman Marcelo Claure announced on Monday.
Germany's Economy Minister stated on Monday that Tesla could receive state subsidies for its plan to build a gigafactory near Berlin.
On Monday, Xerox Holdings has increased its bid to acquire HP Inc from $22 for a share to $24, after several rejections of the previous buyout proposals made by the personal computer maker.
The Exor investment group, which controls the automaker Fiat Chrysler, has entered exclusive talks over the reinsurer PartnerRe sale to France's Covea; a potential deal that could be worth about $9B.
On Monday, NTT Docomo, the Japanese largest wireless carrier, and Sony Corp joined the list of companies which pulled out of the international telecoms conference hosted in Barcelona due to the coronavirus outbreak.
Glencore has secured a five-year agreement to supply up to 21K tonnes of cobalt to the battery producer Samsung SDI, on the back of rising demand for electric vehicles.
Carmakers including Tesla, Ford and Daimler are planning to resume their output at the Chinese plants after the coronavirus outbreak forced the companies to shut factories.
The economy minister of Germany stated that Tesla could get subsidies from the state for its gigafactory which is planned to be build near Berlin.
Japan's SoftBank Group is likely to report a drop in its Q4 profits, deepening concerns about the bank's ability to secure Vision Fund's funding and facing pressure by the activist fund Elliott Management.