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Chinese Huawei will use its own chips against U.S. ban
He TingboSaturday May 18, 2019 6:13AM ET
Huawei\'s chipset subsidiary HiSilicon said on Friday it will use backup chips it has independently developed for years to cope with the ban from the United States.
Ocado Group to cut 400 jobs after Andover warehouse fire
Andover warehouse fireFriday May 17, 2019 1:57PM ET
Up to 400 jobs are at risk at Ocado Group PLC after a huge fire destroyed the online retailer\'s Andover warehouse.
HP Enterprise to buy supercomputer maker Cray in $1.3bn deal
CrayFriday May 17, 2019 1:56PM ET
Hewlett Packard Enterprise has agreed to buy supercomputer maker Cray in a deal valued at around $1.3bn.
Verditek snaps up remaining share of solar subsidiary
VerditekFriday May 17, 2019 8:54AM ET
Verditek took complete control of Greenflex Energy Limited and liquidated asset holding company Greenflex RSM.
Grupo Antolin opens its plant and Technical Center in Bamberg, Germany
Bamberg, GermanyFriday May 17, 2019 7:47AM ET
Grupo Antolin, one of the world’s largest vehicle interior manufacturers, has opened its new facilities in Bamberg (Germany) specialized in the lighting business.
Veritas announces restructuring of subsidiary Cannevert Therapeutics
VeritasFriday May 17, 2019 7:33AM ET
Veritas Pharma announced that it has undertaken steps to restructure and rebuild Cannevert Therapeutics, a wholly owned subsidiary of Veritas.
U.S. gives United Airlines authority to operate new service to Tokyo Haneda
Tokyo HanedaFriday May 17, 2019 7:01AM ET
The U.S. Department of Transportation (DOT) today announced that United Airlines was tentatively granted a total of four daily nonstop flights to Tokyo Haneda Airport (HND).
Italy's antitrust opens abuse of dominant position probe into Google
AlphabetFriday May 17, 2019 6:27AM ET
The Italian Antitrust Authority approved the initiation of a preliminary proceeding against Alphabet Inc., Google LLC and Google Italy S.r.l. (collectively referred to as Google) to ascertain an alleged abuse of a dominant position in violation of art. 102 of the TFEU.
Five more U.S. states sue OxyContin maker Purdue Pharma over opioid epidemic
OxyContinFriday May 17, 2019 6:24AM ET
Five U.S. states on Thursday filed lawsuits accusing Purdue Pharma LP of illegally marketing and selling opioids, escalating the wave of litigation over a nationwide abuse epidemic.
Chico's FAS rejects takeover offer from Sycamore
Chico's FASFriday May 17, 2019 5:58AM ET
Chico\'s FAS announced that its Board of Directors (the \"Board\") has unanimously rejected the unsolicited proposal received from Sycamore Partners on May 10, 2019 to acquire the company for $3.50 per share in cash.
Colfax to sell Air and Gas Handling business for enterprise value of $1.8 billion
Air and GasThursday May 16, 2019 10:13AM ET
Colfax Corporation announced that it has signed a definitive agreement to sell its Air and Gas Handling business to KPS Capital Partners for enterprise value of $1.80 billion.
New head of UK's BT telecoms gives each worker 500 pounds worth of shares
BTThursday May 16, 2019 10:10AM ET
BT’s Chief Executive Philip Jansen has announced a commitment of £50m towards making BT Group colleagues shareholders in the company.
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