, Samsung Electronics profits see 60% boost on Huawei orders
Samsung Electronics is seeing a two-year high in profits riding high on Huawei troubles and a rise in demand for its chips.
, Danimer is taking the Spac route to go public
Danimer Scientific, a next generation plastic manufacturing company, has agreed to merge with Live Oak Acquisition Corp in a deal worth around $890 million.
, Asda acquisition to cost Issa brothers $8.7 billion
Asda acquisition by Issa brothers and TDR Capital marks the return of grocer to majority UK ownership for the first time in two decades.
, Nearly 20,000 Amazon workers contracted coronavirus in its facilities
The online retail giant Amazon Thursday said 19,816 of its front-line US employees working at Amazon and its Whole Foods retail chains had tested positive or presumed positive for the novel coronavirus.
, UK Retail Sees an Upswing but Economists Warn of a Downturn
The United Kingdom retail sales have shown a rebound for the fourth month straight, but economists are a little skeptical of the momentum being …
, LVMH Withdraws from $16.2 billion Deal to buy Tiffany
Luxury goods behemoth LVMH is reneging on its deal to buy iconic jewelry company Tiffany citing tariff dispute between the two countries and a date imbroglio.
, Procter & Gamble and others use restaurant chains to push cleanliness products
Proctor and Gamble is pushing its hygiene and cleaning products at frequented places like restaurants, grocery stores, and pharmacies to cash in on virus fears.
, Nippon Steel Looking for M&As in overseas markets
Nippon Steel is facing competition from the Chinese steel makers in its auto parts market share and is looking to regain it by looking for acquisitions abroad.
, COVID-19 Impact: Maersk Undergoes Major Restructuring
Danish industry leader Maersk will cut jobs as a part of comprehensive restructuring process that will affect a third of the company’s staff.
, Bath & Body Works Sales Increase during Pandemic
Recently ‘L Brands’, the company which owns Bath & Body Works and Victoria Secret, beat Wall Street expectations, primarily due to the continued demand …
, Apple plans to manufacture iPhone 12 in India
Apple’s plan to shift one fifth of its production of handsets from China to India, will have a huge impact on India’s exports and job creation.
, Kodak involved in SEC investigations of insider trading and breach of policy
The US Securities and Exchange Commission (SEC) is looking into Eastman Kodak Co.’s handling of information regarding a massive federal drug loan of $765 …
, Ritter Sport win case against Milka Chocolates for exclusive rights to its square shape
Ritter, which supposedly started making chocolate in square form so it’d fit into jacket pockets easier, registered the shape with the German patent office, and now Milka brand owners Mondelēz have lost a case for dibs on the square shape.
, Most Expensive Perfumes in the World | Expensive Cologne 2020
Expensive perfumes are a treasure to keep, with their extravagant scents picked from the rarest of rare fragrance enhancing elements!
, Walmart’s vested interest in India’s e-retail pioneer
Walmart has increased its stake in Flipkart with an additional equity-based investment round, reflecting the increasing shift that all major tech companies are making towards India
, Makeup companies take a hit with faces covered in masks
The lipstick index, coined by Estée Lauder chairman Leonard Lauder, is a good indicator of the state of an economy. If the sales were up, it meant people indulged in small luxuries, and the economy was in the doldrums. But in corona times, the lipstick index is down, and the economy is still in the dumps.
, PPP program gets 6-week extension to utilize unused $130 billion funds
The Paycheck Protection Program (PPP), a stimulus program that the U.S. government announced earlier to help small businesses tide over loss in income due …
, Pandemic of Plastic in Corona Times
The Covid-19 pandemic has had an impact on the way we live in myriad ways. The lockdown, shelter in place and a cut down …
, Amazon, Softbank show interest in stake in Russian e-retailer Ozon
Russian conglomerate Sistema, the majority owner of online retailer Ozon, said that Amazon and Japanese Softbank had shown interest in buying a stake in …
, Nike reports $790 million sales drop for latest quarter
Nike, the leading footwear and athletic wear brand, reported a pandemic related sales drop of $790 million in its fourth-quarter fiscal report. In an …
, Albertsons is planning an IPO with a billion dollar valuation
Albertsons Companies, the nation’s’ fourth-largest supermarket chain, has filed for an initial public offering with plans to raise up to $1.32 billion. The company …
