Meituan’s Revenue Beats Estimates in China Spending Revival

Meituan’s revenue jumped a faster-than-anticipated 27% after a gradually stabilizing Chinese economy drove meal delivery and travel nationwide.

2023-05-25 17:51

ABBYY Releases Global Intelligent Document Processing (IDP) Trends & Outcomes Report with Insights into Organizations’ Priorities for Improving Operational Excellence

MILPITAS, Calif.--(BUSINESS WIRE)--Jun 6, 2023--

2023-06-06 19:28

Lenovo ThinkReality VRX is Now Available in Select Markets Worldwide

SANTA CLARA, Calif.--(BUSINESS WIRE)--May 30, 2023--

2023-05-31 00:50

Tottenham owner Joe Lewis indicted in the US for ‘brazen insider trading scheme’

Tottenham owner Joe Lewis has been indicted in New York for “orchestrating a brazen insider trading scheme”, a US attorney said. Damian Williams, the US attorney for the Southern District of New York, said in a video released by his office: “Today I’m announcing that my office, the Southern District of New York, has indicted Joe Lewis, the British billionaire, for orchestrating a brazen insider trading scheme. “We allege that for years Joe Lewis abused his access to corporate boardrooms and repeatedly provided inside information to his romantic partners, his personal assistants, his private pilots and his friends. “Those folks then traded on that inside information and made millions of dollars in the stock market, because thanks to Lewis those bets were a sure thing.” Mr Williams described Lewis’s behaviour as “classic corporate corruption”. He said: “Now, none of this was necessary. Joe Lewis is a wealthy man. But as we allege, he used inside information as a way to compensate his employees or to shower gifts on his friends and lovers. “That’s classic corporate corruption. It’s cheating, and it’s against the law. Laws that apply to everyone, no matter who you are. “That’s why Joe Lewis has been indicted and will face justice here in the Southern District of New York.” Lewis, 86, is the founder and primary investor of Bahamas-based investment firm Tavistock Group. He bought a controlling stake in the Premier League club from Lord Sugar in 2001 for £22million.

2023-07-26 07:52

Redox to Price Top Australia IPO of Year at $266 Million

Australian chemical distribution firm Redox Pty Ltd. has priced it initial public offering at A$2.55 ($1.69) per share

2023-06-06 08:51

Intrepid Automation Secures Series A Fundraise to Accelerate Deployment Support Initiatives

SAN DIEGO--(BUSINESS WIRE)--May 30, 2023--

2023-05-31 03:46

Intel to invest $4.6 billion in new chip plant in Poland

By Karol Badohal and Supantha Mukherjee WROCLAW, Poland/STOCKHOLM Intel said on Friday it will invest up to $4.6

2023-06-16 16:52

Obie Raises $25 Million in Series B Funding Round to Expand Innovative Embedded Insurance Technology

CHICAGO--(BUSINESS WIRE)--May 17, 2023--

2023-05-17 23:57

US government credit default swaps hit all time high on debt ceiling impasse

By Davide Barbuscia NEW YORK The cost of insuring exposure to U.S. government debt rose to fresh highs

2023-05-10 23:49

Exxon posts $9.1 billion net, down from year-ago, up 15% from 2Q

By Sabrina Valle HOUSTON Exxon Mobil Corp on Friday posted a $9.1 billion third-quarter profit, an about 54%

2023-10-27 18:55

Rate Cut Wagers Are Fast Disappearing Across Emerging Asia

Emerging Asian bond investors are turning cautious amid signs that the region’s central banks may not start cutting

2023-08-17 08:22

Blinken Says He’s Bringing Israel Message That US Has Its Back

Secretary of State Antony Blinken said he’s bringing a message that “the United States has Israel’s back” as

2023-10-12 10:53