Business
JD Sports to buy U.S. sportswear retailer Finish Line
JD Executive Chairman Peter Cowgill says the deal is "a clear next step" for the company's global ambitions. The takeover, which offers JD an opportunity to expand its footprint into the world's largest sportswear market, is expected to make a "small incremental positive" contribution to its results and earnings per share in the year to February 2, 2019, according to a statement issued by the company.
Business
Facebook takes out full-page ads to apologize for data scandal
Facebook founder and chief executive Mark Zuckerberg had since addressed some of the issues , with Cambridge Analytica saying the company will undergo an independent third-party audit to determine whether it still holds any data covertly obtained from Facebook users.
Business
US, EU States Expel Dozens Of Russian Diplomats Over Nerve-Agent Poisoning
Boeing is the second biggest USA defense contractor by revenue . "We will also require the Russian government to close its Consulate General in Seattle by April 2, 2018". A senior counterintelligence official said the expulsions are "a very significant action taken by the United States government to expel 60 known intelligence officers by the Russian intelligence services".
Business
Uber continues Asia retreat with sale to Grab
One of the most frequently used O2O mobile platforms in Southeast Asia, Grab is financed by the world's two largest global ride-hailing companies ( DiDi Chuxing and Uber ), and Japan's SoftBank Group, which is also Uber's investor. "As the only app left, Grab can easily increase prices", Pereira, 24, said. Grab ( founded in 2012 ) is now present in 195 cities in eight Southeast Asian countries ( Singapore, Malaysia, Indonesia, Philippines, Vietnam, Thailand, Myanmar, and Cambodia ...
Business
Remington bankruptcy: Nation's oldest gun maker files for Chapter 11
Privately held Remington Outdoor announced in mid-February that it had negotiated a restructuring deal with its major creditors and would file a prepackaged Chapter 11 reorganization plan. It is thought that gun sales slowed after Mr. Trump took office because firearms enthusiasts generally do not fear a Republican president will try to deprive them of their constitutional right to bear arms.
Business
China is about to shake up the oil futures market
The Shanghai International Energy Exchange has allocated a total storage capacity of 5.95 million cubic meters (37.42 million barrels) at six sites along China's coast to receive crude under these contracts. The country also hopes that yuan-denominated futures contracts will help its currency play a bigger role in the global economy. Speculative retail and institutional investors also propped up the launch-day's liquidity, said Chen Tong, Shanghai-based senior crude analyst at First Futures.