A federal appeals court on Wednesday threw out an order requiring AbbVie Inc and a partner to disgorge $448 million in profit for trying to keep generic versions of the…
Category: Business
General Atlantic, Silver Lake co-investors buy stakes in Reliance’s retail arm
MUMBAI/BENGALURU - India's Reliance Industries Ltd RELI.NS said on Wednesday private equity firm General Atlantic will invest 36.75 billion rupees ($498.31 million) for a 0.84% stake in its retail arm,…
Nikola CEO confident of closing deal with energy partner, shares up almost 21%
DETROIT - Nikola Corp NKLA.O Chief Executive Mark Russell said Wednesday he is confident the electric and hydrogen fuel cell vehicle startup will close a deal with an energy partner,…
M&C Saatchi shares to be suspended after account deadline missed
M&C Saatchi will see its shares suspended after it missed a deadline to file its accounts, which were rocked by an accounting scandal last year. The ad giant, led by…
TSB to cut 900 jobs and 164 high street bank branches
TSB will be left with just 290 branches, down from more than 600 when it was split from Lloyds TSB is set to close 164 branches and reduce its headcount…
As BP and Shell fire thousands of oil workers, green energy offers prospects of better jobs for London
Every lost job is a tragedy — particularly in these difficult economic times. But Shell’s cuts today are less dramatic than they first seem — particularly given the collapse in…
Rolls Royce to raise £2 billion in fresh equity in bid to boost balance sheet
ROLLS ROYCE today set out plans to raise £2 billion from a rights issue, a move the City has been predicting for some time. The engine maker, led by CEO…