International Companies
Tesla sues former employee for sharing trade secrets
Car maker Tesla sued a former employee for hacking and sharing company trade secrets and confidential information.
Goldman Sachs considering cryptocurrency expansion
US investment bank giant Goldman Sachs is exploring the possibility of expanding the cryptocurrency trades that it currently handles, according to chief operating officer David Solomon.
US Supreme Court paves way for states to hit online merchants with sales taxes
The US Supreme Court opened the door for states to collect sales taxes on products purchased by residents from Internet retailers in other states on Thursday.
Daimler issues profit warning, blaming US-China trade tensions
German automotive giant Daimler told investors to expect lower earnings this year due to escalating tensions between the US and China.
Web.com agrees to be bought by Siris Capital in $2bn deal
Web. com Group, a provider of internet services and online marketing solutions, has agreed to be bought by an affiliate of Siris Capital Group in an all-cash deal valued at around $2bn.
US Supreme Court rules states can require payment of sales taxes online
Shares of internet giant Amazon. com are lower after the Supreme Court of the United States ruled that state governments can require the online collection of sales taxes.
Intel chief executive resigns amid 'consensual relationship' scandal
US technology giant Intel announced on Thursday that chief executive Brian Krzanich was standing down from his post, effective immediately.
EU to vote on internet copyright crackdown
The European Parliament is set to vote on Wednesday and Thursday on a new law to prevent the availability of copyrighted material online.
Disney makes fresh bid for Fox, sending Sky higher
Sky shares spiked on Wednesday as 21st Century Fox agreed a new deal for Disney to acquire most of its entertainment assets.
WPP to sell stake in NYSE-listed Globant
WPP is selling its 18. 7% stake in New York-listed digital specialist Globant as its looks to focus the business after the controversial exit of ex-boss Sir Martin Sorrell.
Shell to offload Norwegian assets to Okea
Royal Dutch Shell has reached an agreement with Norwegian oil company OKEA to sell its stakes in the Draugen and Gjøa oil field to the Scandinavian firm for NOK 4. 52bn.
Ford and Volkswagen in talks about strategic alliance
Carmakers Ford and Volkswagen have begun to explore a strategic alliance to strengthen both companies’ competitiveness and develop a range of commercial vehicles.
JCDecaux makes AUD1.1bn bid for Australia’s APN Outdoor Group
Outdoor advertising company JCDecaux has made an indicative and non-binding proposal to buy Australian advertising services provider APN Outdoor Group for AUD1. 1bn.
UK 'to be locked out' of EU security partnerships after Brexit, Barnier says
Britain will not have access to the European Arrest Warrant or the European Union’s wide security databases after Brexit, chief negotiator Michel Barnier warned on Tuesday.
IAG target Norwegian Air has had many approaches, CEO says
Norwegian Air Shuttle has had takeover approaches from a number of potential bidders and is open to a deal on the right terms, the airline’s chief executive said.
Google invests $550m in Chinese e-commerce JD.com
Google said it will buy $550m of shares in Chinese e-commerce company JD. com as part of a collaboration to expand the search behemoth's reach in South East Asia.
Deliveroo faces MP inquiry over hiring and working conditions of couriers
Deliveroo couriers's hiring and pay conditions face scrutiny from MPs in the latest gig economy legal case.
South32 to buy outstanding stake in Arizona Mining for $1.3bn
Australian mining and metals company South32, which was spun off from BHP Billiton, has agreed to buy the remaining 83% of Arizona Mining that it does not already own for $1. 3bn in cash.
Media mergers ahoy as DoJ drops plans to appeal AT&T deal
The US Department of Justice has backed down over the mega merger between AT&T and Time Warner, which could set in train a raft of further giant deals.
EDF Energy fined £0.35m by UK regulator
Regulator Ofgem has fined French energy giant EDF's UK arm £350,000 for missing last year's smart meters installation target.