updated - May 26, 2020 Tuesday EDT
Palantir Technologies, a provider of powerful data analysis tools for government and business, has raised another $880 million in its latest round of funding, people familiar with the matter told The New York Times.
Apple, Inc. is looking to achieve growth of its Apple Pay in the Asian and European markets in 2016, according to a report from Bloomberg. The company will be entering markets that are more comfortable with the so-called contactless payments following the sluggish start it experienced in the U.S.
The Central Commission for Discipline Inspection, the Communist Party’s anti-graft body, is targeting Chang Xiaobing, the chairman of China Telecom Corp., for investigation, according to a report from Bloomberg.
Franklin Circuit Judge Thomas Wingate has ordered Amaya Inc., the parent company of PokerStars.com, to pay Kentucky $870 million for “calculating that breaking the law was good for business,” according to a report from The Washington Times. Amaya will be appealing the ruling and will avail itself of any and all remedies available to it.
McDonald’s is experimenting with roll-out of mac and cheese in Cleveland, Ohio, available for a limited time, according to a report from Brand Eating. The new menu item is available either a-la-cart or as a Happy Meal entrée in Cleveland.
Anheuser-Busch InBev (AB InBev) has announced in a press release that it would be acquiring the Colorado-based Breckenridge Brewery. The acquisition enhances AB InBev’s The High End business unit of craft and import brands.
Hyatt Hotels Corporation has announced in a press release that it recently identified malware on computers that operate the payment processing systems for locations managed by Hyatt. The company has launched an investigation and engaged with a leading third-party cyber security experts as soon as they discovered the activity.
Bridgestone Americas, Inc. has announced in a press release that Bridgestone Retail Operations LLC, a wholly owned subsidiary of Bridgestone, has amended their Agreement and Plan of Merger dated October 26, 2015 with Pep Boys - Manny, Moe & Jack. Bridgestone will be acquiring all the outstanding common stock of Pep Boys for $17, or approximately $947 million, up from the previous offer of $15.50.
Guotai Junan International Holdings Limited has announced in a filing to the Hong Kong Stock Exchange that Yim Fung, the chairman and CEO of Guotai Junan, will be resuming his duties with the company, effective December 23, 2015.
Mitsubishi Heavy Industries Ltd. (MHI) has announced in a press release that they and Mitsubishi Aircraft Corporation will be delaying the first delivery schedule of the Mitsubishi Regional Jet (MRJ).
Abercrombie & Fitch Co. has announced in a press release that Fran Horowitz, the president of its Hollister brands, has been promoted to president and chief merchandising officer, a newly created position.
Mikhail Prokhorov, the majority owner of the Brooklyn Nets, has acquired full ownership of the team and Barclays Center from Nets Sports and Entertainment through his Onexim Sports and Entertainment Holding USA, Inc., the team said in its website.