Home Depot boosts pro business with $18.25 billion SRS Distribution acquisition
In a move signaling its commitment to expanding its professional customer base, Home Depot announced on Thursday its acquisition of SRS Distribution in an $18.25 [more…]
Category: Business
China’s C929 widebody aircraft moves to critical development stage, a major leap in aviation ambitions
China’s ambitious foray into the aviation industry has reached a pivotal stage with the development of its home-grown C929 widebody passenger jet, as announced by [more…]
Genesis debuts Neolun and GV60 Magma concepts, pioneering the future of luxury mobility
Genesis, a luxury brand under the Hyundai Motor Group, recently unveiled two striking concept vehicles, showcasing the brand’s innovative approach to design and performance. The [more…]
Visa and Mastercard agree to historic settlement, lowering credit card fees for U.S. merchants
In a surprising move, Visa and Mastercard have settled a two-decade-long legal battle by agreeing to lower credit card fees paid by merchants. The decision, [more…]
McDonald’s to serve up Krispy Kreme delights nationwide by 2026
In a sweet twist, McDonald’s is set to offer Krispy Kreme doughnuts at its restaurants across the United States by the end of 2026. The [more…]
Neumann’s ambitious bid adds intrigue to WeWork’s bankruptcy saga
In a surprising turn of events, Adam Neumann, the ousted co-founder of WeWork, has submitted a bold bid exceeding $500 million to acquire the company [more…]
Shimao Group’s debt woes deepen as offshore restructuring plan faces uphill battle
Shimao Group Holdings, the Shanghai-based property developer, is in the midst of a challenging financial situation, trying to restructure its offshore debt of US$11.7 billion. [more…]
Novo Nordisk dives deeper into cardiovascular realm with Cardior acquisition
In a move set to bolster its presence in the cardiovascular disease arena, Novo Nordisk has announced the acquisition of Cardior Pharmaceuticals for up to [more…]
Discovery Bay Ferry sparks fare controversy despite taxpayer support
Discovery Bay Transportation Services has once again sparked controversy by requesting a substantial 60 per cent increase in ferry fares, setting off alarm bells among [more…]
Boeing CEO Dave Calhoun to step down in management shake-up
In a surprising move, Boeing CEO Dave Calhoun has announced that he will be stepping down from his position at the end of 2024, marking [more…]