Department of Justice filed lawsuit against ValueAct Capital last week, related to Halliburton and Baker Hughes merger. Meanwhile, ValueAct on Monday claimed no wrongdoing and will defend its position.
Sectors
New York Authorities Orders Trump's Foundation to Stop Fund Raising
Amidst of his candidacy, Donald Trump is facing verdict side by side. One of those is this matter about the issue in the registration of his foundation in New York.
NYC Strengthens Women in Film and Theater with $5 Million Allocated Fund
$5 Million Allocated Fund by NYC was allocated to empower women in the field of Field and Theater. New York City Mayor's Office of Media and Entertainment (HOME) has recently launched a five-part program which includes $5 million fund for women specializing in the fields of film and theater, making NYC the first municipality in the United States to invest on such initiative.
BlackBerry Stops Production; Almost On The Business Cliff
BlackBerry's fame has come to an end.The Canadian company who introduced us the smartphone had stopped its race without reaching the finishing line.
BlackRock reports 20% decline in Q1 net income
BlackRock on Thursday announced a 20% fall in its earnings for the first quarter that ended March 31, 2016. The company registered a restructuring cost of $76 million in the current period with regard to its organization simplifying plan.
Latest News
Leaders of the world's economy began their regular meeting on Thursday discussing necessary steps to boost growth and consumption. While G20 also held a meeting with similar agenda.
The U.S. Court of Appeals on Wednesday cleared Argentina to sell $15 billion bonds in the market. The country expects to issue the bonds within this week.
Medical marijuana will be legalized after Gov. Wolf signs the bill on Sunday after the 149-46 vote in favor of marijuana legalization. However, it will take about two years before sufferers of acute ailment can get advantage of the benefits because of the several processes including regulatory and growing process.
Alibaba is about to acquire Singaporean start-up Lazada for about $1 billion that was established by the German technology Rocket Internet. Existing shareholders including Tesco, AB Kinnevik and Rocket Internet will sell a portion of their shares to Alibaba.
WP29 on Wednesday was calling for changes in the commercial data transfer agreement between US and EU. The agency said it does not provide enough protection for privacy for European users.
US safety regulator announced Wednesday that Takata still need to recall its defective airbags. NHTSA said unless Takata proved them to be safe, all remaining airbags in US vehicles must be recalled eventually.
London's FTSE 100 rose on Wednesday to reach record high. European shares continued its rally led by mining stocks as China reported increase of export.
Cellcom Israel Ltd on Tuesday announced that regulators opposed its merger plan with Golan. However, Antitrust Authority will invite the companies representative to discuss the deal before making final decision.
GAO suggested financial regulators to disclose more information on their crisis policy framework. While five large banks do not have enough plan to manage operation during crisis.
