Business

Ola acquires Foodpanda India business, plans to invest $200 million

Ola founding partner will interim CEO until a permanent replacement is found. Post the acquisition, CEO of Foodpanda Saurabh Kochhar has left the company. "Fo...


Hyperloop One bags $50m funding with Richard Branson named as chair

The company, renamed Virgin Hyperloop One , received an undisclosed amount of money from Branson, in addition to recent investments by Caspian Venture Capital...


Does Schlumberger Limited (SLB) Have Any Gas After Forming This Wedge Down?

Fiduciary Trust Company who had been investing in Schlumberger Ltd for a number of months, seems to be less bullish one the $88.39B market cap company. Pictet A...


Stephen Curry wants to help Diddy buy the NFL's Carolina Panthers

The announcement comes on the same day Sports Illustrated published a report alleging that Richardson paid off "significant monetary settlements" due to ina...


A Christmas full of friction: PENGASSAN to commence strike on Monday

The strike action which many Nigerians regarded as very selfish and uncalled for was to begin on Monday midnight. Background: The union embarked on the stri...


MPLX LP Stock as Institutional Investors Enter

Ironsides Asset Advisors Llc who had been investing in Marathon Pete Corp for a number of months, seems to be bullish on the $32.11B market cap company. Maratho...


Zacks Investment Management Sells 2437 Shares of Walt Disney Co (DIS)

The stock decreased 0.31% or $0.24 during the last trading session, reaching $76.85. Given that its average daily volume over the 30 days has been 8.11M shares ...


Gas prices back to pre-Hurricane Irma levels, AAA says

It was also just before Labor Day weekend, as Florida residents kept their eyes peeled on Hurricane Irma's forecast path. Across the country, the largest ...


Salvation Army holds Kettle Kick-Off Breakfast

Ray said the Salvation Army can continue bellringing after Christmas if the campaign goal isn't reached. While the Salvation Army has reached its goal in coll...


Chick-Fil-A Opens On Sunday To Help Stranded Travelers

The airport tweeted , "LIGHTS ON and delivering food and water to our passengers!" Delta Air Lines and other carriers worked to get thousands of stranded p...


Hunter Harrison, former head of both major Canadian railways, has died

Widely regarded as one of the most influential North American railroaders in recent years, Harrison forged a long career at Illinois Central and Canadian Nation...


Tillerson Says North Korea Has to Stop Nuclear Tests Before Any Talks

The White House has been unwaveringly hawkish, while the State Department and Pentagon appear more interested in a negotiated resolution. "North Korea must earn...


Campbell's Soup To Buy Snyder's-Lance For Nearly $5 Billion

Also looking ahead, Campbell expects the acquisition to be accretive to adjusted EPS in fiscal 2019, excluding integration costs and costs to achieve synergies....


Thales Bids €4.76bn For Gemalto In Year's Biggest Euro Tech Deal

The bid from Atos, which is based in the Paris suburb of Bezons, valued Gemalto's shares at €46, compared with €51 per share from Thales, which makes avionics...


TD Ameritrade to start bitcoin futures trading on Monday

Meanwhile the French finance minister, Bruno Le Maire, has called for the issue to be discussed at the G20 summit of major economies in April. It was on Decem...


To acquire Texas-based snack company for $1.6B

The average 1-year target price among analysts that have covered the stock in the last year is $8.25. Amplify Snack Brands, which itself acquired Tyrrells for...


Inc. Grows Position in Universal Health Realty Income Trust (NYSE:UHT)

P/E provides a number that details how many years of earnings it will take a stock to recoup the value of one share at current price levels. Investors of record...


Amazon investigated by advertising watchdog over delivery complaints as Christmas gifts delayed

Amazon Prime customers, who pay for a premium next day delivery service, have also taken to social media to complain . The service costs £79 a year and inclu...


AE reform's 'lethargic' pace to create 'lost generation' - Steve Webb

David Gauke , secretary of state for work and pensions , said: "This government has rebuilt the UK's savings culture". This will bring an extra £2.6m int...


Oracle Corp to buy Australia's Aconex for A$1.56b

Redwood City, California-based Oracle has been looking to refashion its business around internet-based products. Aconex shares rose to $7.63 Australian dollar a...