July 12, 2019

Johnson & Johnson faces criminal probe related to baby powder: Bloomberg

The U.S. Justice Department is pursuing a criminal probe into whether Johnson & Johnson lied about potential cancer risks of its talcum powder, Bloomberg reported, citing […]
July 12, 2019

AB InBev Asia delays pricing world’s largest IPO of 2019: sources

Budweiser Brewing Company APAC , the Asia-Pacific business of Anheuser-Busch InBev (AB InBev) , has delayed pricing its Hong Kong IPO in what was set to […]
July 12, 2019

S&P 500, Dow hit new highs on rate cut optimism

The S&P 500 and the Dow Jones Industrial Average hit record highs on Friday, as the indexes continued a strong run for the week on raised […]
July 12, 2019

Volkswagen investment vaults Argo into top ranks of self-driving firms

Volkswagen AG’s $2.6-billion investment in Ford Motor Co’s Argo AI self-driving unit, announced on Friday, immediately vaults the two-year-old Pittsburgh-based startup into the top ranks in […]
July 12, 2019

Ford, Volkswagen extend multibillion-dollar alliance to electric, automated cars

Ford Motor Co and Volkswagen AG said they will spend billions of dollars to jointly develop electric and self-driving vehicles, deepening a global alliance to slash […]
July 12, 2019

Partial ECM exit to leave Deutsche Bank focused on Europe

Deutsche Bank is focusing its equity capital markets (ECM) business such as initial public offerings (IPOs) on Germany and Europe, scaling back in the United States […]
July 12, 2019

Thomas Cook enlists China’s Fosun to salvage oldest travel firm

Thomas Cook is negotiating a 750 million pound ($941 million) rescue that will give Fosun Tourism , its biggest investor, control of the indebted British group’s […]
July 12, 2019

Exclusive: India aims to raise $47 billion from stake sales in state firms over 5 years – sources

The Indian government has plans to raise as much as 3.25 trillion rupees ($47.4 billion) in the next five years by reducing its stakes in some […]
July 12, 2019

Volkswagen to contribute $2.6 billion to Ford’s autonomous venture: source

Carmaker Volkswagen will inject $1 billion in capital and $1.6 billion worth of assets into Ford’s self-driving unit, a source close to the matter said on […]
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