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After months and months of rumors it’s finally been confirmed that ride-hailing giant Uber is picking up its Middle East rival Careem in an acquisition deal worth $3.1 billion — with $1.7BN to be paid in convertible notes and $1.4BN in cash. Uber writes that it expects the transaction t…

U.S. mortgage rates jumped this week to the highest level in almost eight years, a trend that is pulling down home sales and slowing home price growth. Mortgage buyer Freddie Mac said Thursday that the average rate on a 30-year, fixed rate mortgage rose to 4.94 percent, from 4.8

Takeda Pharmaceutical Company Limited (TSE:4502/NYSE:TAK) (“Takeda”) today announced that it has entered into agreements to divest its Xiidra® (lifite

Up until yesterday, Apple and Qualcomm were on the cusp of what would have undoubtedly been a sensational anti-trust trial. While there's no telling which way the jury would have leaned, there's no denying that the settlement agreement both companies announced yesterday works out well for bot

EXTENDING LIFE OF MINE IS MAJOR ISSUE FACING HOURLY, SALARIED EMPLOYEES, MANAGEMENT   Change is inevitable, especially in Minnesota's iron ore mining industry.   Ownership changes, bankruptcies, plant closures, technological advances, labor force adjustments, and efficiencies that reduce operating costs, have changed mining since the first shipment of ore left the Minnesota Iron Company mine...

Ford Motor Company today announced key leadership changes as it accelerates progress on the global redesign of its business, product resurgence, and v

Waymo, the former Google self-driving project owned by parent company Alphabet, is launching a commercial robotaxi service in the Phoenix area Dubbed Waymo One, this milestone for the company and nascent self-driving technology industry comes with caveats. The Waymo One self-driving car service, an…

Google’s parent company Alphabet announced that two board members, Eric Schmidt and Diane Greene, will not be seeking re-election when their terms expire on June 19. Schmidt has been on the company’s board since 2001, and also served as Google’s CEO for a decade, until April 2011. He then became the company’s executive chairman, before...

Fiat Chrysler is recalling over 660,000 heavy-duty trucks worldwide because a loose nut can cause a loss of steering control. The recall covers Ram 3500 pi

https://www.reuters.com/article/us-usa-rigs-baker-hughes/u-s-drillers-add-oil-rigs-for-fourth-week-in-five-baker-hughes-idUSKCN1NE28S