Business – Page 31 – PressClub World

24. 8. 2020 No Responses

BT prepares defence against £15bn takeover approach

Telecoms giant BT has hired Goldman Sachs to defend it against potental bidders after shares collapse. BT shares surged 7% today after weekend reports that it had instructed bankers from Goldman Sachs to draw up a defence plan against potential bidders....

21. 8. 2020 No Responses

QE Is Causing A Security Shortage

Between September of 2019 and today, the Fed increased the size of the SOMA portfolio from $3.56 trillion to $6.2 trillion, an increase of $2.64 trillion. And although the Fed effectively absorbed roughly the same amount of net new Treasurys issued by...

20. 8. 2020 No Responses

Jack Ma’s Ant Said to Target $225 Billion Valuation in IPO

Jack Ma’s fintech giant Ant Group is reportedly looking to file for dual listing in Hong Kong and Shanghai within the next few weeks, seeking a valuation of US$225 billion. The company is planning to launch its concurrent initial public offering on...

19. 8. 2020 No Responses

Apple becomes first $2 Trillion company

Apple became the first US-listed company in history to reach a $2-trillion market capitalization, which means it doubled in valuation in about two years. Shares in the technology giant rose by 1.2 percent, reaching $467.77 on Wednesday, pushing it over...

18. 8. 2020 No Responses

Banks Are Evading U.S. Derivatives Rules by Making Trades at Foreign Subsidiaries

On May 30, with little mainstream media attention, four European academics published a report on how some of the largest Wall Street banks (all of whom received massive amounts of secret Federal Reserve bailout money during the 2007 to 2010...

17. 8. 2020 No Responses

Sanofi to acquire Principia Biopharma for $3.68 Billion

Sanofi and Principia Biopharma Inc. (NASDAQ: PRNB), a late-stage biopharmaceutical company focused on developing treatments for immune-mediated diseases, entered into a definitive agreement under which Sanofi will acquire all of the outstanding shares of Princ...

15. 8. 2020 No Responses

Zero-knowledge proofs for Tron Network

Justin Sun, founder and CEO of Tron Foundation, has announced that Tron Virtual Machine (TVM) will add a cutting-edge security function. This upgrade was proposed and approved by the Tron (TRX) community. In his recent Tweet, Justin Sun disclosed that the...

14. 8. 2020 No Responses

Ford Is Closing 6 Factories In Europe And Slashing 10,000 Positions

The auto industry continues to grapple with one of the worst recessions ever for the notoriously capital intensive sector. Ford, which feels like it has been in the midst of a yearslong “restructuring” that has never fully panned out or ended (...

11. 8. 2020 No Responses

400 Security Flaws In Qualcomm’s Snapdragon CPUs

Qualcomm turn over 1 Billion Android phones into spying tools. More than one billion Android phones may be compromised as researchers found 400 vulnerabilities in Qualcomm’s Snapdragon chips, which are standard in smartphones and other gadgets. Snapdrago...

10. 8. 2020 No Responses

Space industry is moving to ‘leadership by seasoned execs’

The space industry is moving “from a small community of space enthusiasts to leadership by seasoned execs,” says Chad Anderson, managing partner at Space Capital. “We’re going into a phase where we’re moving from startup really to growth,” Anderso...

8. 8. 2020 No Responses

2023 Cadillac Lyriq Revealed

It won’t go into production for two more years but will be the first use of GM’s modular EV platform and Ultium battery technology. Cadillac wants you to know that the Lyriq may just be a “show car” at this stage,...

6. 8. 2020 No Responses

Toyota’s Q1 profit nearly wiped out

Toyota’s profit plunged 74% in the last quarter as the coronavirus pandemic sank vehicle sales to about half of what the top Japanese automaker sold the previous year. Toyota Motor Corp. reported on Thursday a profit of 158.8 billion yen...

5. 8. 2020 No Responses

Virgin Atlantic files for bankruptcy protection

Virgin Atlantic, the European carrier founded by British entrepreneur Richard Branson, on Tuesday filed for debt relief in the U.S. as the toll of the coronavirus on the airline industry continued to mount. The company said it is not technically bankrupt and...

4. 8. 2020 No Responses

The World Is Facing A Solar Panel Waste Problem

Solar panel installations hit a total 629 GW last year–an increase of 12 percent from 2018. It was also a lot—really a lot—of panels. And in a few years, these panels could become a major waste management headache. Solar panels...

4. 8. 2020 No Responses

Raytheon Technologies 2Q Results & Outlook

Technologies Corporation (NYSE: RTX, Market capitalization: $86.59 billion), a leading aerospace and defense company, reported robust 2Q20 results, beating the consensus revenue and Adjusted EPS comprehensively. The Company reported an adjusted sales of $14.3 ...

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