Hedge fund billionaire Steve Cohen who owns a small percentage of the New York Mets is negotiating to increase his investment of the franchise.
According to reports, the franchise accepted the deal that will take five years to complete, but...
Amid China’s struggles in the chipmaking business, the country has successfully poached 3,000 chip engineers to further its ‘Made in China 2025’ initiative. However, Taiwanese industry specialists say that Taiwan is gaining ahead its investment and trading war against...
German airline Lufthansa showed disinterest in a proposal by Qatar Airways to work with the European company, said Arab News. The Gulf carrier expressed its interest in taking stakes in the company or to collaborate in the future. However,...
Nissan Motor Co., Renault SA, and Mitsubishi Motors Corp. agreed to form a new company focused on research and development of automotive technologies for next-generation vehicles.
According to sources, the new company will explore artificial intelligence capabilities in making new...
South Korea Hyundai Motor company announced last Tuesday, November 26, 2019, its plans to build a new car factory in Indonesia. This expansion in Southeast Asia is valued at $1.5 billion, with the factory being the manufacturer’s first foray...
A Fidelity Investment survey revealed that more and more investors in conventional assets are considering to add cryptocurrencies to their portfolios. Forkast News reported that 47% of traditional investors contemplate adding crypto to their assets. Around 47% also value...
The owner of the English Premier League champions Manchester City agreed to sell a $500 million worth of stake to a private equity firm Silver Lake.
The record-breaking deal in sports fueled the football group’s international footprint, securing new...
German carmaker Audi announced its plans last Tuesday, November 26, 2019, to significantly reduce its workforce by approximately 7,500 individuals. News of the company’s job cuts comes as it gears itself for an electric-car investment.
The German company’s plans come...
About five months since Ripple announced its $50 million equity investment commitment with MoneyGram, the San Francisco-based blockchain payments firm finally completed its side of the deal with a final $20 million investment.
In a press release, Moneygram explained that...
Nike announced its investment in Handsfree Labs, Inc. last Wednesday, November 20, 2019. Details of the deal remain undisclosed to the public, states Bloomberg.
The Utah-based Handsfree Labs, Inc. specializes in making step-in shoes. Step-in technology allows consumers to easily...
