By Alice Baghdjian , Aaron Kirchfeld , and Ed Hammond September 25, 2017, 1:14 AM EDT September 25, 2017, 3:20 AM EDT ABB Ltd. agreed to buy the industrial solutions business of General Electric Co. in a deal valued at $2.6 billion that will strengthen the Swiss companys business in the U.S., its largest market.…
The 40-year history of Germany’s Air Berlin will end in the coming weeks, as its planes and other assets are sold off in bankruptcy proceedings. Here’s what passengers need to know: Is Air Berlin still flying? Flights are still taking off thanks to an emergency loan from the German government. The financial stopgap is supposed…
Zimre Holdings Limited (ZHL), saw its profits growing by 1 137% to $2,7 million in the half-year ended June 30 from the comparable period last year, as the financial services group reaps from its restructuring exercise. BY BUSINESS REPORTER In the same period last year, ZHL posted a profit of $200 000. The performance was…
ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan on Sunday admitted that he did gambling to return his loans. In an interview with a private news channel, Imran Khan was asked by the host about gambling proceeds in his book, to which the PTI chief said there was nothing wrong in it. Imran Khan said he…
(Reuters) – The main listed unit of Chinese technology conglomerate LeEco said on Sunday that it plans to buy investment and financial service assets from an affiliate for up to 3 billion yuan ($455.24 million) as part of a restructuring exercise. Leshi Internet Information & Technology, a video content company, said in a filing it…