The travel and tourism firm Thomas Cook has said that currently it is focusing on completing a rescue deal even as reports are emerging that the terms of the deal could be voted against by some lenders and investors. According to reports, last stage negotiation with bondholders is being held by the troubled travel firm…
The United States Food and Drug Administration has said that US federal health officials have discovered that an impurity found in Sanofi’s heartburn medication Zantac has the potential to cause cancer. This was reveled after a probe in the issue following an alert to the FDA that was filed by Valisure, an online pharmacy company,…
Questions about whether the strategy of Citigroup Inc to focus on credit cards will be a problem for it if the United States economy slips into a recession are being asked by some Wall Street analysts. The bank however has said that it is underwriting responsibly. According to industry publication The Nilson Report, the New…
An efficient, affordable, environment friendly and safe hydrogen production technology has been developed by Israeli researchers, said a report on Sunday by the northern Israel Institute of Technology (Technion). Every year, about 65 million tons of hydrogen is manufactured throughout the world and the total value of this industry is about 130 billion U.S. dollars.…
Possessing a brilliant and powerful smile has assumed paramount interest in the age of the selfie. And now an American firm called SmileDirectClub has set out to reap benefits from this trend. Teeth aligners – a type of clear, plastic braces, is sold by the company through the mail-order delivery format and the company is…
While the United States and China are slated to meet to discuss trade next month, a trade deal between the two largest economies that could bring an end to the trade war between them is still afar fetched reality. However investors now find an opening because of the easing of tensions and no further escalation…
An investment of $350 million will be made in the Plymouth, Michigan-based company and all-electric vehicle maker Rivian by automotive services company Cox Automotive, the company announced on Tuesday. Rivian is considered to become a potential rival for the established all electric auto makers such as Tesla and the like with additional support from such…
The Japanese investing firm SoftBank was ignored by the WeWork owner The We Company with relation to the workplace sharing and renting company’s planned initial public offering as the United States based firm is contemplating bringing down its IPO valuation to $20 billion, according to reports quoting sources. SoftBank has been pushing The We Company…
The Hong Kong Stock Exchange (HKEX ) has proposed to acquire the London Stock Exchange (LSE) with an offer of almost $36.6 billion. The company said in a statement that the Hong Kong Stock Exchange has time till October 9 to make a final and firm offer for the purchase or to withdraw the proposal…
An era ended at the Chinese e-commerce giant Alibaba with the stepping down of its founder chairman Jack Ma on Tuesday. The company that he had cofounded in 1999 became one of the largest internet based company in the world. Ma is also considered to be one of the most recognizable businessmen globally from China…
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