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What’s behind Jay-Z’s 50% Armand de Brignac stake sale to LVMH?
February 23, 2021 09:41 AM GMT| By Team Kalkine Mediagnac is expected to benefit from LVMH’s distribution network. Luxury goods maker LVMH Moët Hennessy Louis Vuitton SE (LON:0HAU) has bought 50 percent stake in champagne brand Armand de Brignac, owned by Jay-Z. LVMH’s partnership...
Facebook ‘re-friends’ Australia, set to lift news ban
February 23, 2021 09:32 AM GMT| By Team Kalkine MediaSource: Shutterstock In a major triumph for Australia, US tech giant Facebook has finally struck a reconciliatory note with the country’s Federal Government. Australian Treasurer Josh Frydenberg informed that Facebook boss Mark Zuckerber...
Bill Gates' game plan on how to avert a climate disaster
February 23, 2021 04:22 AM GMT| By Team Kalkine MediaSource: Shutterstock “How to Avoid a Climate Disaster”, the latest book by tech philanthropist Bill Gates is the talk of the town. From environmentalists to governments, all want to dig into the thoughts of the Microsoft legend about the...
US Markets End Lower, Weighted Down By Tech Stocks, Consumer Cyclicals
February 22, 2021 09:37 PM GMT| By Team Kalkine Mediaignal higher optimism in the markets of a faster economic recovery. US stock markets ended lower on Monday, weighted down by traditional blue-chip stocks which appeared less attractive as more options open-up for investors amid improvement in th...
Why M&T Bank is set to acquire People’s United for a US $7-bn deal
February 22, 2021 08:58 AM GMT| By Team Kalkine MediaSource: Shutterstock Summary M&T Bank Corporation is all set to acquire People’s United Financial Inc for a deal worth over US $7 bn. The deal will lead to a combined asset portfolio worth over...
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Canada-based Geothermal Start-up Bags USD 40 Million from Oil Giants Chevron & BP
February 22, 2021 02:35 AM GMT| By Team Kalkine MediaSource: Sutterstock Eavor Technologies – a Canada-based geothermal energy start-up has received backing from global oil giants Chevron and BP for its geothermal technology. Eavor has secured USD 40 million in the funding round along with few...
Facebook is back with negotiations after blocking AU news pages
February 21, 2021 08:02 AM GMT| By Hina ChowdharyAustralian PM Scott Morrison said Facebook Inc (NYSE:FB) has come up with some negotiating discussions after rising tensions regarding the disabling of many pages in the country, including some health and emergency pages. On 18 February 2021, Face.....
COVID-19 vaccine updates from Nook and Corner
February 21, 2021 06:19 AM GMT| By Team Kalkine MediaThe pressure is on for nations to vaccinate people against COVID-19, especially when the new strain is also picking the pace. As per media reports, close to 200 million people have been vaccinated, covering more than 85 countries. With the launch o.....
Excitement In Air As Nasa’s Perseverance Rover Lands On Mars
February 21, 2021 01:58 AM GMT| By Ipsita SarkarScientists at the National Aeronautics and Space Administration (NASA) were in an ecstasy of joy after the Perseverance Rover made a historic landing on Mars Thursday. NASA is expected to release some of the rare photos of the landing and nearby ar.....
US Stock Indexes End Week On Positive Note; Energy, Real Estate Gain
February 20, 2021 01:55 AM GMT| By Team Kalkine MediaUS stock markets ended Friday’s session on a positive note, buoyed by encouraging manufacturing data and brightening prospects of economic recovery as investors bet big on energy, and real estate. The S&P 500 shed 0.19% to 3906.71. The D.....
Will Volkswagen’s Decision of Separately Listing Porsche Help It?
February 19, 2021 03:00 PM GMT| By Team Kalkine MediaGermany-based automobile giant Volkswagen AG (DE: VOW) is reportedly considering listing its luxury sports car brand Porsche separately in a bid to raise capital for its electric car business and make technological investments. According t.....
IMO 2020 Marpol Convention Unfolds, Maersk to Introduce Carbon Neutral Liner by 2023
February 19, 2021 01:18 PM GMT| By Kunal SawhneyThe maritime shipping industry is all set to mark an unprecedented shift towards cleaner fuels to reduce their carbon footprint, thanks to the implementation of the International Maritime Organisation (IMO) Annex VI of the MARPOL Convention or the .....
Is technology giant IBM pondering to sell its Watson Health business?
February 19, 2021 07:02 AM GMT| By Team Kalkine MediaAccording to some media sources, New York-headquartered International Business Machines Corporation (NYSE:IBM) is searching for a potential buyer to sell its IBM Watson Health unit. The move could potentially help IBM’s newly appointed CEO, A.....
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US Stocks Fall, Dragged Down by Tech, Industrials; Is A Rebound On Horizon?
February 18, 2021 09:30 PM GMT| By Team Kalkine MediaAll major US stock indexes ended lower on Thursday as the latest data showed jobless claims rose again last week and concerns of a broader economic recovery weighed on the investors’ minds. The S&P 500 plunged 0.44% to 3913.97. The Dow J.....
Facebook's Australia news ban move falsely blocks other pages, including its own
February 18, 2021 11:51 AM GMT| By Hina ChowdharyEver since the proposed media law is being debated in the Australian parliament, the tech giants Google and Facebook expressed their non-support. They even labelled it as unworkable. The US didn’t miss the moment of warning Australia .....
US Markets End Lower; What's Weighing On Stocks?
February 17, 2021 10:04 PM GMT| By Team Kalkine MediaUS stock markets ended the session lower on Wednesday after positive retail sales data failed to ignite enthusiasm among investors and uncertainties over the economic recovery remained. The S&P 500 was down 0.03% to 3931.33. The Dow Jones Indu.....
Why Morningstar Credit Ratings Is Under the SEC’s Scanner
February 17, 2021 02:45 PM GMT| By Kunal SawhneyThe Securities Exchange Commission (SEC) has filed a lawsuit against Morningstar Credit Ratings LLC for allegedly violating provisions of laws for rating commercial mortgage-backed securities. The Morningstar has been accused of allowing it.....
Why Nestle is planning to sell its US water brands for $4.3 bn
February 17, 2021 10:06 AM GMT| By Team Kalkine MediaSummary Nestle SA announced it will sell its US and Canada region bottled water division to private equity companies One Rock Capital Partners and Metropoulos & Co for US $4.3 billi.....
US Markets End Mixed On Recovery, Earnings Forecast
February 16, 2021 09:46 PM GMT| By Team Kalkine MediaUS stock markets ended mixed on Tuesday in anticipation of positive retail earnings and steps by House Democrats to expedite a legislative version of President Joe Biden’s $1.9 trillion stimulus. The S&P 500 was down 0.06% to 3932.59. Th.....
Bitcoin Rockets Past $50000-Mark, Sets Course For US$1-Trillion MCap
February 16, 2021 02:22 PM GMT| By Ipsita SarkarBitcoin’s blazing rally continued as the cryptocurrency breached the US$50,000-mark for the first time since its inception over 12 years ago. The crypto giant hit its all-time high price of US$ 50,584.85 on Tuesday morning (February 16) after...
