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Snap CFO Drew Vollero to step down; to be replaced by Amazon’s Tim Stone
Social media firm Snap (SNAP) Monday said its Chief Financial Officer Drew Vollero will be leaving the company...
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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...
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Elliot Management bids for Athenahealth
Hedge fund Elliot Management Corp. has made an unsolicited bid for Athenahealth Inc. (ATHN) of $160 per share,...
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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)...
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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...
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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...
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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...
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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...
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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...
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Market: Stocks to open higher as oil rallies above $70
US futures are pointing to a higher open today after ending higher on Friday, as investors are carrying...
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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...
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Cognizant posts upbeat revenue in the first quarter
With a 10.3% rise in revenues of $3.91 billion, Cognizant Technology Solutions (CTSH) beat Street estimates in the...