Wednesday, July, 17, 2019 12:28:56

Contribution By Saif Bepari


WeWork to raise nearly $4 billion in debt before going public

According to reliable sources, JPMorgan Chase and Goldman Sachs are expected to structure the deal. WeWork, the co-working spaces provider, recently announced that it is planning to raise debt before it goes public. According to reliable sources, the company plans to make an initial public …

Energy major Equinor divests 16% shareholding in Lundin Petroleum

The Norway based petroleum company- Equinor has reportedly announced to divest 16% shareholding in Lundin Petroleum to attain 2.6% direct interest in Johan Sverdrup field along with cash consideration amounting to USD 650 million. According to trusted sources, about 54.5 million shares of Equinor will …

Tricor Group buys Alphalink, strengthens business in Mainland China

Tricor Group (Tricor) has reportedly signed an agreement to acquire Alphalink, which is majorly owned by RSM Hong Kong partners. Alphalink deals with the provision of numerous corporate services, catering to international ventures in Greater China and handling outbound businesses plus investments for Chinese companies. …

Boeing outsources 737 Max development to low paid sub-contractors

Boeing, an American multinational aerospace company based in Chicago has reportedly been accused of outsourcing software development to low paid sub-contractors, making as less as $9 per hour from countries lacking aerospace background – such as India. The announcement comes along the heels of the …

Fisher-Price pulls out 71,000 infant inclined-sleeper accessories

The American Academy of Pediatrics restricts the use of inclined sleeper as it may prove to turn fatal. The New York- based toy manufacturing company, Fisher-Price along with the US Consumer Product Safety Commission have reportedly recalled 71,000 inclined-sleeper accessories for kids. In a statement …