Market News
ZTE requests US officials to lift the 7-year ban on components
China-based phone manufacturer ZTE, which was struggling to survive post the ban imposed by the US authorities, has now asked…
Elliot Management bids for Athenahealth
Hedge fund Elliot Management Corp. has made an unsolicited bid for Athenahealth Inc. (ATHN) of $160 per share, or an…
Microsoft doubles down on AI chips to maintain cloud market share
In a step to narrow competition with Amazon (AMZN) Web Services and Alphabet’s (GOOGL) Google Cloud, Microsoft (MSFT) is bringing…
Activist Investor Carl Icahn divests stake in AIG
Last week, we heard the news about Warren Buffett adding another 75 million shares of Apple (AAPL) and increasing Berkshire…
Global coffee alliance: Nestlé joins hands with Starbucks
In a mammoth coffee mix, Swiss giant Nestlé will team up with American sweetheart Starbucks (SBUX) to sell its coffee…
IFF agrees to buy Israel-based Frutarom
International Flavors and Fragrances Inc. (IFF) has agreed to acquire Israel-based natural ingredients producer Frutarom for about $7.1 billion. The…
Blackstone’s buying spree continues with Gramercy deal
Blackstone today announced that it’s buying Gramercy Property Trust (GPT) for $7.6 billion. The private equity (PE) firm has agreed…
Del Frisco’s acquires Barteca for $325 mln to spice up brand portfolio
After registering downbeat comparable sales and profit at the beginning of the fiscal year, steakhouse restaurant chain Del Frisco’s Restaurant…
Tariff drags Chinese imports; US govt demands $200 bln cut in trade deficit
Continuing its trade offensive against China, the Trump administration has asked Beijing to further reduce export of Chinese commodities to…