Corporate
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Klarna to buy online payment company BillPay
Feb 6, 2017News Hour: Swedish payments firm Klarna, one of Europe’s most highly valued tech startups, said on Monday it is buying German online payment company BillPay, reports Reuters. “Germany is one of the largest e-commerce markets in... -
DHL launches CILLOX in Bangladesh
Feb 6, 2017News Hour: DHL, the express, transport and logistics specialist within Deutsche Post DHL Group accelerates the digitalization of the logistics industry with the market launch of CILLOX. The online marketplace connects shippers and transport providers on... -
German Fish distributor Deutsche See to sue Volkswagen over diesel scandal
Feb 5, 2017News Hour: Fish distributor Deutsche See is suing Volkswagen for misrepresenting a fleet of vehicles it leased as environmentally friendly, becoming the first major German customer to sue Europe’s biggest carmaker over its diesel-test cheating. Volkswagen... -
LabCorp is in talks to acquire PPD for more than $8 billion
Feb 4, 2017News Hour: Laboratory Corporation of America Holdings (LabCorp) is in talks to acquire contract researcher Pharmaceutical Product Development LLC (PPD) for more than $8 billion, including debt, people familiar with the matter said on Friday. Such... -
The US Department of Defense and Lockheed announced agreement worth about $8.5 billion for 90 F-35 jets
Feb 4, 2017News Hour: The Department of Defense and Lockheed Martin Corp announced on Friday an agreement worth about $8.5 billion for 90 F-35 jets, the lowest price to date for the Pentagon’s most expensive program. The deal... -
Google to sell Terra Bella to Planet Labs
Feb 4, 2017News Hour: Alphabet Inc’s Google said on Friday it would sell its satellite imaging business, Terra Bella, to Planet Labs, a San Francisco-based private satellite operator founded by former NASA scientists. The financial terms of the deal... -
Alibaba Group expanded business in Australia and New Zealand
Feb 4, 2017News Hour: Chinese online retailer Alibaba Group opened its Australian and New Zealand headquarters in Melbourne on Saturday, its first expansion in the region as it seeks to tap growing global demand for products from the... -
Snap Inc shot the opening salvo in its $3 billion initial public offering
Feb 3, 2017News Hour: Snapchat owner Snap Inc shot the opening salvo in its $3 billion initial public offering on Thursday, outlining aggressive expansion plans but offering new investors no say on how the company is run and... -
Volvo Cars reports global sales growth of 5.1 per cent in January
Feb 2, 2017News Hour: Volvo Cars, the premium carmaker, is off to a solid start in 2017 after reporting a 5.1 per cent year-on-year sales increase in January. Total sales for the month amounted to 35,475 cars, compared... -
Reckitt Benckiser Group Plc is in advanced talks to buy Mead Johnson Nutrition Co in a $16.7 billion deal
Feb 2, 2017News Hour: Reckitt Benckiser Group Plc is in advanced talks to buy Mead Johnson Nutrition Co in a $16.7 billion deal that would take the British consumer goods maker into the baby formula market and boost...
