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Danish Moller-Maersk, engaged in the carriage of goods by sea and serving port terminals, announced the decision taken by the board of directors to allocate the drilling division into a separate company. It is planned that the company will hold a listing in early April on the Nasdaq Stock Exchange. Before it, the decision must be approved at the shareholders' meeting, and after listing the separation of the company's energy business will be completed. In March last year, on completion of the acquisition of Maersk Oil’s oil and gas division by French Total, Danish Moller-Maersk acquired 3.75% of the Total's share capital.
Intel Corp. (INTC.O) announced on Monday that Chief Engineering Officer Murthy Renduchintala would leave the company on August 3. The semiconductor manufacturing company said that it would reorganize its technology, systems architecture, and ...
Japan’s first-quarter business spending came smaller than what was initially estimated, revised data showed on Monday. This underscored a sharper damage that the novel coronavirus pandemic had inflicted on the world’s third-biggest ...
On Tuesday, Ebay Inc. (EBAY.O) announced that it had reached a deal to sell off its classified ads business unit to Adevinta ASA (AD5B), a Norway-based classified ads publisher owned by Danish media company Schibsted (SBSTA.OL). The classified ...
Singapore’s economy recorded its sharpest contraction in the second quarter. This placed the trade-dependent city-state into recession as it is also expected to suffer from its worst inactivity this year on virus-beaten businesses. The ...
Tesla Inc.’s (TSLA) Chief Executive Officer Elon Musk announced on Thursday that Wall Street’s most controversial stock might join the S&P 500 after the company’s market value has risen from $50 billion to more than $250 ...
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