Business
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General Electric reached a deal to sell parts of its overseas lighting business
Feb 16, 2018The deal, which marks the first step in the divestiture of the lighting business, includes GE Lighting in Europe, the Middle East, Africa and Turkey, along with its Global Automotive Lighting businesses. U.S. industrial conglomerate General... -
Kraft Heinz Co achieved the target of cutting $1.7 billion in costs by the end of 2017
Feb 16, 2018The fifth-largest food and beverage company in the world, which would announce its quarterly results on Friday, said it slashed its operating costs by over 5 percent since it acquired Kraft Foods Group in 2015. U.S.... -
Amazon.com Inc to pay a $1.2 million penalty for settlement over illegal pesticides sales
Feb 16, 2018Amazon agreed to closely monitor and remove illegal pesticide products from its website in an effort to “significantly reduce the number of illegal pesticides available through the online marketplace. Amazon.com Inc will pay a $1.2 million... -
Roche Holding AG to buy Flatiron Health for $1.9 billion
Feb 16, 2018In 2016, Roche led a $175 million investment into Flatiron, in part to help the Swiss company harness the deluge of still-underutilized data collected from cancer patients with the New York City-based company’s products. Swiss drugmaker... -
Bitcoin rose above $10,000 on Thursday
Feb 16, 2018Bitcoin has been buffeted this year by a series of negative headlines centering around increased scrutiny by global regulators. There has also been the incidence of hacks on exchanges. Bitcoin rose above $10,000 on Thursday for... -
Asian stock markets edged higher on Friday
Feb 16, 2018Tokyo followed Wall Street higher as investors gradually regained confidence heading into the weekend and set aside inflation fears that had sparked the market meltdown last week. Asian stock markets edged higher on Friday in thin... -
Bristol-Myers Squibb Co to pay Nektar Therapeutics $1.85 billion in cancer deal
Feb 14, 2018In one of the largest single-drug collaboration deals ever, Nektar will receive $1 billion in cash upfront and Bristol-Myers will purchase about 8.28 million Nektar shares at $102.60 per share, or an equity stake of just... -
Honda Motor Company to manufacture motorcycles in Bangladesh this year
Feb 13, 2018The meeting discussed various issues, including policy supports for the development of motorcycle industry and spare parts production for motorcycles. The Japanese Honda Motor Company is going to manufacture motorcycles in Bangladesh this year as the... -
Grameenphone set to offer best 4G experience
Feb 13, 2018The 1800 MHz band is the most suited spectrum for 4G/LTE rollout and GP’s acquisition firmly consolidates its leadership position. Grameenphone acquired 5 MHz spectrum on 1800 band today at the spectrum auction, held by Bangladesh... -
Rade Kovačević appointed as the CTO of Grameenphone
Feb 13, 2018Rade has over 17 years of experience in the telecom industry, working in different senior positions. Prior to joining Grameenphone, he was serving as Head of IT Asia (acting), Technology & Services of Telenor Group and...