Category: World Business

GE, an industrial conglomerate pioneer, to break up

Nov 9 – General Electric (GE.N) said on Tuesday it would split into three public companies as the storied U.S. industrial conglomerate seeks to simplify its business, pare down debt and breathe life into a battered share price. The split marks the end of the 129-year-old conglomerate that was once […]

Reliance to sell $750 million stake in unit to Silver Lake, on track to cut debt

NEW DELHI/BENGALURU – India’s Reliance Industries Ltd (RELI.NS) said on Monday private equity firm Silver Lake will invest nearly $750 million in its digital arm, days after securing a $5.7 billion investment from Facebook Inc (FB.O), boosting its efforts to cut debt. The deal adds to a flurry […]

Hundreds of thousands affected as British travel firm fails

LONDON — Families stranded, honeymoons and vacations canceled, thousands of workers laid off: The sudden collapse of British tour company Thomas Cook and its network of airlines and hotels sowed chaos for hundreds of thousands of travelers and businesses around the world Monday. Brought down by a variety […]

IOC ‘suspends discussions’ with India for hosting global events

New Delhi : The International Olympic Committee has decided to “suspend all discussions” with India regarding hosting of global sporting events after Pakistani shooters were not issued visas for the World Cup in New Delhi. The Olympic committee also revoked the Olympic qualification status for the men’s 25m rapid […]

Eminem not happy with Netflix over ‘The Punisher’ cancellation

Los Angeles : Veteran rapper Eminem is upset with Netflix for cancelling “The Punisher”. Netflix has cancelled all Marvel shows ending their six-year partnership. “The Punisher” was among the most recent shows to be laid off after two seasons. The Oscar-winning hip hop artiste took to social media to […]

UNSC strongly condemns ‘heinous and cowardly’ Pulwama attack

United Nations,  :  The powerful UN Security Council has strongly condemned the “heinous and cowardly” Pulwama terror attack by Pakistan-based Jaish-e-Mohammed and underlined the need to hold perpetrators of these “reprehensible acts” of terrorism accountable and bring them to justice. Forty Central Reserve Police Force personnel were killed in […]

Source of fall romaine outbreak a mystery, US regulators say

NEW YORK — U.S. food regulators say they weren’t able to identify a contamination source for a food poisoning outbreak that prompted them to warn people to avoid romaine lettuce this fall . The Food and Drug Administration says it wasn’t able to determine how a water reservoiron a Santa Barbara County, California, […]

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