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HSBC Closing Down Retail Banking Business in U.S

Britain based financial services provider and investment bank HSBC Holding Plc. (LON: HSBC) has announced that it will be closing down its retail banking business in the United States citing the business has only been making losses after losses. HSBC says it will rather shift its focus in Asia which serves as its biggest market […]

Andrew Stanleick Appointed the CEO of Coty

Beauty company making skin, fragrance, hairbands and cosmetics Coty Inc. (COTY) has appointed Andrew Stanleick as its new chief executive officer. Currently, Stanleick is Coty’s executive vice president in the America region. In addition, Stanleick will also manage Kim Kardashia’s business for Coty the company says this top managerial shake-up is aimed at driving global […]

Ericsson Afraid of Losing 5G Market Share in China

Sweden based multinational networking and telecommunication company Ericsson (STO: ERIC) has expressed its worries that its 5G market share in China might be declining due to a disagreement over which Chinese vendors claim have been excluded from Sweden’s roll-out of ultra-fast networks. The company says it has been invited and continues to getting invites to […]

Oxford Biomedica Doubles its Revenue Estimates For the Year

London based gene and cell therapy company focusing on development of gene-based medicines Oxford BioMedica (LON: OXB) has revised up its revenue estimates for the year after biopharmaceutical company AstraZeneca Plc. (LON: AZN) placed additional vaccine orders. AstraZeneca and Oxford BioMedica signed an agreement for mass production of the COVID-19 vaccine developed by AstraZeneca and […]

Gojek Merges With Tokopedia Creating Giant Internet Company

Indonesia based digital payment technology and multiservice platform Gojek and fellow technology focusing on e-commerce Tokopedia also based in Indonesia, announced a merger deal which will automatically make them a tech giant in the Southeast Asia country. This goes down as the country’s largest ever merge deal, the merged multi-billion company will be called GoTo. […]

Honest Company Raises $412 Million From its IPO

U.S based consumer goods company Honest Company Inc. (HNST) announced having raised $412.8 million from its initial public offering. This was slightly higher that what the company was expecting from the IPO. In the IPO, Honest was selling its shares at $16 apiece floating 25.8 million shares in total. Initially, the company has said that […]

Apollo Eyeing to Buy Verizon’s Media Assets

Global alternative management company Apollo Global Management Inc. (APO) is seeking to buy the media assets of United States based telecommunication company Verizon Communication Inc. (VZ). Sources directly involved in the matter have revealed that the purchase deal could amount to around $5 billion. Bloomberg business was the first to publish the report further adding […]

Britain’s Largest Airport Heathrow Posts $459 Million Q1 Loss

The largest airport in Britain Heathrow has posted a loss of 329 million pounds ($459 million) in the first quarter of the year. The airport says only 1.7 million passengers travelled through the airport between January and March representing a 91% decline the number of passengers who used the airport at similar time in 2019. […]