In the light of changing needs of its customer base, the food and beverage industry leader Nestle is now moving toward changing its portfolio. The company is proposing to sell off its skin health business unit to a private equity [...]
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China Telecom Giant Huawei Blacklisted Amid Sino-US Trade Tiff
In a yet another development in the ensuing trade conflict between the world’s two super-economies, the US government has blacklisted the leading telecom company Huawei by bringing the latter under the purview of strict sanctions on Wednesday. The move has [...]
Before Anticipated Takeover Win, Occidental CEO Meets Investors
Standing on the verge of victory in the takeover deal of Anadarko Petroleum, Vicki Hollub, CEO, Occidental Petroleum, presents her case before the company’s shareholders on Friday. Hollub’s swift deal-making move in the case, without the need for a deal [...]
Uber Drivers in US, UK Go on Strike Amid IPO Launch
In view of the impending Initial Public Offering (IPO) launched on Friday by the world-renowned ride-services company Uber, its drivers in the US and UK have gone on strike Wednesday morning, complaining of lower wages. The protest comes just a [...]
EU to Question Apple Over Spotify’s Fee Complaint
Following complaints by Spotify against Apple that the latter is illicitly titling its App Store policies in favor of its own Apple Music service to disadvantage Spotify and other competitors, the EU is all set to commence an antitrust investigation [...]
Shell Shares Swell; Volkswagen Resilient; Fed Move on ROI on Hold
Shell shares go up: Following the first-quarter profit reports, which exceeded market analyst expectations, Royal Dutch Shell’s shares witnessed a step up in the London stock market. This is despite the company’s net income having slightly receded to $5.4 billion [...]