Dell Inc. said on Wednesday that it has received approval of the Chinese regulators, and now intends to complete its merger with EMC Corp. by 7 September. The deal, worth $ 60 billion, is expected to become the largest merger in the technology sector’s history. Approval from China's Ministry of Commerce was the only remaining obstacle to the deal, which was sanctioned by shareholders of EMC on...

The American oil giant ExxonMobil started to look for a possible buyer for a refinery in the city of Billings, Montana. The facility is one of the company's refineries, not integrated in its petrochemical business. At least one potential buyer has already visited the plant, which capacity amounts to 60 thousand barrels per day. According to some sources, the refinery can cost $ 500-700 million....

Last 22 stores of major British retail chain BHS closed this Sunday after 88 years of presence in the market. BHS network, numbered 164 department store, in April passed under temporary management of consulting firm Duff & Phelps because of debts. Currently, the company is being wound up, more than 11 thousand employees were dismissed. Potential buyers were scared off by a "hole" of 571...

Uber lost $ 1.2 billion in the first half of 2016. The main item of expenditure was payments to drivers. Uber Technologies, creator of the taxi service, suffered losses of at least US $ 1.2 billion in the first half of 2016, Bloomberg reported, citing sources familiar with the situation. Uber Technologies is not a public company, yet discloses its performance every three months during a...

Royal Bank of Scotland Group Plc (RBS) asked 3 thousand users of the bank’s global transaction banking services to hurry up with search for other credit institutions. RBS has sent an appeal to customers of branches outside the UK and Ireland, and warned that current accounts, cash management and settlement of international trade transactions will not be available after 31 December. The report...

Fast food restaurants chain McDonald's withdrew Happy Meal fitness tracers in the US and Canada. This decision is explained by complaints about appearance of burns on children’s wrists, left by the device. According to the device’s users, the very idea McDonald's health-project was doomed to failure from the beginning. The popular American fast food chain announced new happy meal toys in...

Last October, France established a special government commission to study French cars in connection with a scandal around Volkswagen Group. Today, The Financial Times referred to its members saying that Renault SA could also use a special software for hiding real level of harmful emissions into the atmosphere. At the same time, the newspaper sources, the French government deliberately concealed...

The Committee on Foreign Investment in the United States (CFIUS) approved a proposition of China National Chemical Corporation (ChemChina) to buy Swiss chemical company Syngenta AG. In February, ChemChina agreed to buy Swiss Syngenta at $ 465 per common share. By that time, total sum reached more than $ 43 billion. The deal may become the largest foreign takeover made by a Chinese company....

A year ago, Glencore was on the verge of crisis. Yet, the company managed to improve the situation through debt reduction, asset sale and thanks to increase in prices for raw material. Now, shareholders of the mining and trading company hope that its CEO Ivan Glasenberg would not start buying assets again. Glasenberg turned Glencore from commodity trader in one of the world's largest mining...