Bristol Myers Squibb Agrees To Buy Heart Drugmaker MyoKardia In $13.1 Billion Cash Deal
The transaction is expected to lessen Bristol Myers Squibb’s dependence on cancer drugs for revenues.
London Refuses To Renew Ride-Hailing Firm Ola's Operating License Over Safety Issues
The decision on Ola came shortly after its rival, Uber, won its appeal over similar safety issues
Bank Deposits Surged In Poorer Neighborhoods During Pandemic, But Branch Closures Accelerated
An injection of federal stimulus funds has led to an increase in bank branch deposits in poor neighborhoods.
Pension Funds Around The World Moving To Abandon Investments In Fossil Fuels
Pension funds are choosing to pull out of fossil fuels for both environmental and financial reasons
Trump Gets COVID-19: World Leaders Express Sympathy, But China Mocks President
The editor of a newspaper controlled by the Chinese government said Trump “paid the price” for downplaying the threat COVID-19.
US Markets Plunge As Donald Trump, First Lady Melania Test Positive For COVID-19
Analysts fear the president's positive test will increase volatility in market already roiled by election jitters
Armenia-Azerbaijan Conflict: A Widening War Would Engulf Russia, Turkey, Iran In Complex Web Of Ties
The clashes between Armenia and Azerbaijan involve a labyrinthine intrigue for regional powers.
Tokyo Stock Exchange Halts Trading For Entire Day Due To Technical Glitch
TSE officials said the malfunction was not the result of a cyberattack and that they expected normal trading to resume Friday.
Cambridge University’s $4.5 Billion Endowment Fund Pulling Out Of Fossil Fuels By 2030
The British university has joined a list of prominent educational institutions committing to renewable energy.
Poland’s Plan To Phase Out Coal Mines, Opens The Door For Solar Energy Projects
Poland has long been heavily dependent on coal mining, but found itself as odds with the rest of the EU.
Some Public Companies Took Out PPP Loans Then Paid Dividends And Bought Back Shares
PPP loans were designed to help struggling small companies hurt by the pandemic but some publicly traded companies paid dividends and bought back shares.
European Commission Appeals Ruling In Apple’s $15 Billion Irish Tax Case
The EU has accused Ireland of providing Apple will illegal tax breaks in violation of EU laws
FTSE Russell Index’s Inclusion Of Chinese Government Bonds To Spur Billions Of Dollars Of Investment
China has the world’s second largest bond market, but foreigners own only 3% of it
Soaring Lumber Prices Pose Threat To Homebuilding, While Housing Inventory Keeps Narrowing
The price of lumber has surged more than 130% since April.
UK Rolls Out New Stimulus Plan – Wage Subsidies For Workers, Eased Loan Terms For Businesses
UK finance chief Rishi Sunak had warned his new program will nor save every job
Wall Street Worrying About Chaotic Presidential Election, Possibility Of Disputed Results
“We’re kind of preparing for Armageddon on Nov. 3,” a senior vice president at a major quantitative trading firm told Vox.
JPMorgan Chase To Pay Record $1 Billion Fine In ‘Spoofing’ Case Related To Trading Practices
JPMorgan Chase has been embroiled in various criminal cases in recent years
Justice Department Wants Internet Firms To Better Monitor, Manage Illicit Content, Or Lose Immunity
Any legislation is unlikely to be passed by Congress soon as it deals with other pressing matters
Apple Opens First Online Store In India, Just Ahead Of Lucrative Hindu Holiday Season
Customers in India previously had to purchase Apple products via third-party resellers
Brexit News: JPMorgan Shifting London Assets To Frankfurt, British Expats Losing UK Bank Accounts
Fearing a no-deal Brexit, some major banks are beefing up operations on the continent
Climate Change News: More Airports Are Going Solar To Protect Environment, Cut Costs
Airports in the U.S. and around the world are increasingly moving to renewable energy to power their operations, according to Denver study
Existing Home Sales Jumped To 14-Year High In August, But Inventory Remains Tight
Home sales have accelerated due to low mortgage rates and a migration out of large cities
What Israel’s Peace Pact With UAE, Bahrain Means For US Arms Sales, Defense Contractors
The Arab states in the Gulf already have close strategic military ties with the U.S.
Activist Nelson Peltz' Hedge Fund Trian Buys Stake In ‘Undervalued’ Comcast
Cable giant has a strong broadband business, but its media divisions have weakened
General Electric Exits Coal Power Business, Environmentalists Cheer Decision
industrial conglomerate said it will now focus more on renewable energy projects.
Why Did Stocks Drop On Monday? Wall Street Reacts To Worries Of COVID Resurgence, Election Turmoil, Delayed Stimulus
Analysts worry that the fight over the vacant Supreme Court seat will complicate, delay efforts at another stimulus bill
TikTok’s Confusing Deal With Oracle, Walmart Raises More Questions After Trump’s Tentative Approval
ByteDance has made a number of assertions about TikTok that refutes claims made by Trump, U.S. partners
Report: Global Banks, Including HSBC, Deutsche Bank, JPMorgan, Have Laundered Trillions In Illicit Cash
Some of the most well-known banks in the world have been transferring huge amounts of cash for mobsters, fraudsters, criminals, drug dealers and oligarchs.
Corporate Earnings Beat Analysts’ Lowered Expectations, But Sales Growth Stalled
Many U.S. companies have surpassed earning expectations but primarily because estimates were too low
Gun Sales Surge On Fears Of Pandemic, Social Unrest, As Many Proceed Without Proper Background Checks
During the pandemic, the FBI conducted well more than 3 million background checks per month.