Cisco nears deal to acquire BroadSoft Cisco nears deal to acquire BroadSoft: The deal, which comes after Reuters first reported in August that BroadSoft was exploring a sale, would allow Cisco to further diversify away from its stagnating switches and routers business by giving it a stronger foothold in selling […]
Current Business Updates in USA.
George Soros foundations now control $18 billion George Soros foundations now control $18 billion: The foundations already controlled billions of dollars, but Soros, 87, has in recent years increased the pace of transfers from his hedge fund-turned-family office, Soros Fund Management LLC, the Wall Street Journal and the New York […]
Colony Capital injects cash in talks to buy Weinstein Co Colony Capital injects cash in talks to buy Weinstein Co: Co-Chairman Bob Weinstein, Harvey’s brother and fellow co-founder, on Friday had denied the firm was seeking to sell or shut down following Harvey Weinstein’s dismissal after a number of women […]
Kobe Steel faked product data for more than 10 years Kobe Steel faked product data for more than 10 years: Embattled Kobe Steel Ltd said on Tuesday the U.S. Justice Department is asking the steelmaker to provide documents related to its data falsification scandal. That came after a source with […]
T-Mobile Sprint plan merger without selling assets T-Mobile Sprint plan merger without selling assets: While it is common for companies not to unveil divestitures during merger announcements, T-Mobile’s and Sprint’s approach shows that the companies plan to enter what could be challenging negotiations with U.S. antitrust and telecommunications regulators without […]
Gary Cohn warns on ‘major risk’ evolving in clearing houses Gary Cohn warns on ‘major risk’ evolving in clearing houses: National Economic Council director Gary Cohn said on Sunday he sees a “major risk” evolving in clearing houses, according to a Bloomberg report. As “we get less transparency, we get […]
JD.com shares are a better deal than Alibaba’s JD.com shares are a better deal than Alibaba’s: Shares of China’s No.2 e-commerce firm JD.com (JD.O) are a better deal for investors than Alibaba Group’s (BABA.N) stock and could rise 30 percent or more over the next year, Barron’s said on Sunday. […]
Wall Street ends higher dollar down after Fed minutes Wall Street ends higher dollar down after Fed minutes: Wall Street stocks rose on Wednesday as the minutes from the Federal Reserve’s September policy meeting merely confirmed expectations that interest rates would rise, while the euro gained on the dollar after […]
Oil rises on signs of tighter market: Oil prices edged up on Wednesday, rising for a third day, on signs that markets are gradually tightening after years of oversupply, although the outlook for 2018 remained less certain. U.S. West Texas Intermediate (WTI) crude futures were trading at $51.06 per barrel at […]
Ackman reaches out to ADP retail investors Billionaire investor William Ackman took his fight for board seats at Automatic Data Processing Inc to retail investors on Tuesday in an unusually public format where he detailed his successes and failures and urged all to cast their votes. For one hour, the […]
