Amazon acquires Indian payments processor Emvantage
MUMBAI (Reuters) – Amazon.com Inc said it has acquired Indian payments processor Emvantage Payments Pvt Ltd for an undisclosed sum.
Apollo Global to buy security services provider ADT Corp
(Reuters) – Electronic security services provider ADT Corp said it had agreed to be acquired by funds affiliated with private equity firm Apollo Global Management LLC for $7 billion.
Pratt & Whitney head says jet engine output risks easing
SINGAPORE (Reuters) – Pratt & Whitney’s new chief says the performance of suppliers is much better than year ago, easing concerns over its ability to execute a $10 billion gamble on a new engine as it seeks to reclaim a once revered status in the jet industry.
Daimler Trucks to cut 1,250 jobs in North America
FRANKFURT (Reuters) – Daimler Trucks said on Tuesday it would cut 1,250 jobs in North America in response to sliding demand.
Asian shares extend gains as investor fears ease
TOKYO (Reuters) – Asian shares extended gains on Tuesday as a combination of stabilizing Chinese markets, rebounding oil prices and solid U.S. consumption data prompted investors to look for bargains after last week’s rout.
Global investment banks’ earnings may decline in 2016: JP Morgan
(Reuters) – Global investment banks’ earnings may decline this year, given a challenging credit trading environment and low level of deal flow, said JP Morgan Securities analysts, who cut their 2016 earnings estimate for investment banks by an average …
High risk of bankruptcy for one-third of oil firms: Deloitte
HOUSTON (Reuters) – Roughly a third of oil producers are at high risk of slipping into bankruptcy this year as low commodity prices crimp their access to cash and ability to cut debt, according to a study by Deloitte, the auditing and consulting firm.
Obama, Southeast Asia leaders eye China and trade at California summit
RANCHO MIRAGE, Calif. (Reuters) – President Barack Obama gathered leaders from Southeast Asia on Monday to strengthen trade ties and form a common stance on the South China Sea in a summit the White House hopes will solidify U.S. influence in the regio…
Technology stocks selloff may turn IPO chill into IPO freeze
SAN FRANCISCO (Reuters) – This winter was supposed to be Nutanix’s time to shine.
GE explores oil and gas business in Iran with top executive visit
(Reuters) – General Electric Co is exploring potential business opportunities in Iran and the chief executive of its oil and gas division visited the country recently, a company spokeswoman said.
