Wal Mart de Mexico’s new e-commerce head plans to play to its strengths in grocery deliveries to help the country’s largest retailer stand apart from rivals, like Amazon.com Inc and his former employer MercadoLibre Inc , he said in an interview Wednesday.
The dollar steadied near a six-month high against the Japanese yen and held firm against its major peers on Thursday after the latest U.S. economic data reaffirmed expectations that the Federal Reserve will hike interest rates two more times this year.
The U.S. dollar strengthened against the Japanese yen on Wednesday as trade tensions mounted and after the Labor Department’s expectation-beating inflation report, which increased prospects that the Federal Reserve will raise interest rates another two times this year.
Asian stocks remained under pressure on Thursday from fears of an escalation in the U.S.-China trade war, while the dollar stood stall after rallying against its peers amid the turmoil in broader markets.
Planemaker Embraer SA is counting on the votes of public-sector Brazilian shareholders to outweigh any potential investor objections to its tie-up with Boeing SA , two people with knowledge of the matter said.
U.S. retailer Walmart Inc has decided to sell Japanese supermarket chain Seiyu and has already approached major retailers and private equity funds, the Nikkei business daily reported on Thursday.
The former Tesla employee who was fired and then sued by the electric vehicle …read more […]
Broadcom Inc plans to acquire U.S. business software company CA Inc in a $19 billion deal aimed at diversifying Broadcom beyond semiconductors, but Wall Street analysts were immediately skeptical.
The deal was first reported earlier on Wednesday by the Wall Street Journal, and later confirmed by CA Technologies in a press release. News of this deal comes just four months after President Trump blocked Broadcom from acquiring Qualcomm in a $103 billion hostile takeover on the grounds on national security. Broadcom, which was based in Singapore, has made moves in recent months to increase its presence in the US. …read more […]
Broadcom, the massive semiconductor supplier you may remember from its failed …read more […]
Glencore Plc faces at least two lawsuits by U.S. shareholders accusing the big Anglo-Swiss mining company of having made false and misleading disclosures before it received a subpoena in a corruption probe, and its stock tumbled.
A Nevada judge effectively blocked the execution of a two-time killer Wednesday after a pharmaceutical company objected to the use of one of its drugs to put someone to death. Clark County District Judge Elizabeth Gonzalez disallowed the drug in a ruling that came less than nine hours before Scott Raymond Dozier, 47, was to be executed by injection with a three-chemical combination never before tried in the U.S. State prison officials later called off the 8 p.m. execution, and a judge issued an order indefinitely postponing it. …read more […]
Comcast Corp on Wednesday raised its offer for Britain’s Sky in a deal valuing the pay-TV group at $34 billion, topping a raised bid of $32.5 billion from Rupert Murdoch’s Twenty-First Century Fox .
The deal would come just four months after U.S. President Donald Trump blocked Broadcom’s $117 billion hostile bid for semiconductor peer Qualcomm Inc, because it posed a threat to U.S. national security and gave an edge to Chinese companies looking to build next-generation wireless networks. Since then, Broadcom has redomiciled from Singapore to the United States, placing it formally outside the purview of the Committee on Foreign Investment in the United States (CFIUS), the government panel that reviews deals for potential national security risks. Broadcom has toyed with buying non-semiconductor companies before, as with its $5.5 billion acquisition …read more […]
Comcast Corp on Wednesday raised its offer for Britain’s Sky in a deal valuing the pay-TV group at $34 billion, challenging a raised bid from Twenty-First Century Fox .
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