United States
Concerns raised by US regulators on Philips’ Lumileds Sale to Go Scale Capital
Dutch electronics and healthcare company Philips announced that its proposed sale of Lumileds to Go Scale Capital had run into unexpected opposition from US government.
Alibaba Group Holding Ltd set to release Q2 revenue, experts study how Chinese economic meltdown affected its performance
Alibaba Group Holding Ltd will report on the opening bell of October 27 its second quarter earnings for the fiscal year 2016. Investors and analysts are closely watching its earnings to determine how China's economic slowdown affected the giant e-commerce performance for that quarter.
FCA Bans Weaving Capital founder Peterson From U.K. Finance Industry As Closure to a Big Scandal
The Financial Conduct Authority banned Weaving Capital (UK) Ltd. Founder Magnus Peterson from working in the financial industry as part of a closure in one of the biggest scandals in the country.
McDonald's shares hit record high as new CEO's turnaround plan start to work
The shares of McDonalds' - the world's biggest restaurant chain - jumped more than 8% to hit $110.88 on Thursday. CEO Steve Easterbrook, who took over the helm 8 months ago, stated that the rebound in the quarterly restaurant sales showed that his turnaround plan is starting to take effect.