Big Tech platforms Alphabet Inc's (GOOGL.O) Google and Facebook (FB.O) were hit with a series of antitrust lawsuits by the U.S. federal government and states on charges they are operating…
Category: Business
Illumina, Grail deal faces full-scale EU antitrust probe
U.S. life sciences company Illumina Inc's (ILMN.O) proposed buy of cancer test maker Grail Inc (GRAL.O) faces a lengthy EU antitrust investigation if it does not offer hefty concessions this…
Troubled Caribbean refinery seeks bankruptcy as lenders balk at injecting more cash
The owners of Limetree Bay, a refinery on the U.S. Virgin Islands that was once the largest in the Western Hemisphere, filed for bankruptcy on Monday after lenders balked at…
Dollar waits on inflation data, Aussie gets China lift
The dollar barely budged against the euro, yen and pound on Tuesday ahead of U.S. inflation data, while the Australian dollar and Chinese yuan ticked higher after reassuring export numbers…
Universal Hydrogen in zero-carbon plane deals with Icelandair, others
Universal Hydrogen, a U.S. firm that aims to do for clean fuel what Nespresso did for coffee, is poised to announce preliminary hydrogen deals with airlines including Icelandair (ICEAIR.IC) as…
Goldman outlines $5 billion capital benefit from exiting investments
Goldman Sachs Group (GS.N) has been freeing up about $5 billion of capital that management can use for share buybacks, dividends and business investments, after selling stakes in companies and…
ARK Invest’s Cathie Wood looks past rising consumer prices to focus on deflation
Deflation will likely become a larger force in financial markets in the year ahead despite the recent spike in consumer prices to 13-year highs, star stockpicker Cathie Wood of Ark…