The FINANCIAL - Business

PMI announced Medicago to supply up to 76 mln doses of its plant-derived coronavirus vaccine candidate

The FINANCIAL -- Since 2008, Philip Morris Investments B.V. (PMIBV), a subsidiary of Philip Morris International (PMI) (NYSE: PM), has been a shareholder of Medicago (in which it currently holds an approximately one-third equity stake) and has supported Medicago’s innovative plant-derived research and development focused on vaccines. The investment is consistent with PMI’s own efforts to ...

Bombardier extends TSA with Arriva CrossCountry

The FINANCIAL -- Global mobility solution provider Bombardier Transportation has announced today that it has signed a three-year extension to its Train Services Agreement (TSA) with Arriva ...

ConocoPhillips to acquire Concho Resources for $9.7 bln

ConocoPhillips (NYSE: COP) and Concho Resources (NYSE: CXO) today announced that they have entered into a definitive agreement to combine companies in an all-stock transaction. Under the terms of the ...

Boeing is keeping its promise to power the manufacturing facilities using 100% renewable energy

The FINANCIAL -- Boeing is advancing its pledge to power worksites and manufacturing facilities using 100% renewable electricity with a new, multi-state agreement to purchase carbon-neutral power for ...

Amazon will donate millions of items to more than 1000 charities

The FINANCIAL -- Today, Amazon announced that it will support more than a thousand charities around the world with product and monetary donations to help them get millions of items they need. ...

Mercer appoints Achim Lüder as new Chief People Officer

The FINANCIAL -- Mercer, a global leader in redefining the world of work, reshaping retirement and investment outcomes, and unlocking real health and well-being, and a business of Marsh & ...

Coca-Cola will retire some products including TaB diet soda and ZICO coconut water

The FINANCIAL -- The Coca-Cola Company will retire select underperforming products by Dec. 31 – including TaB diet soda and ZICO coconut water in the United States – as part of a global portfolio ...

IFC and FT announced winners of 2020 FT/IFC Transformational Business Awards

The FINANCIAL -- The International Finance Corporation (IFC), a member of the World Bank Group and The Financial Times, have announced the winners of the 2020 FT/IFC Transformational Business ...

eBay's new feature helps sellers manage selling while on vacation

The FINANCIAL -- Last month eBay launched the new Time Away feature for all sellers so they can let their customers know almost in real-time when they’re on vacation or away from selling. Time ...

PepsiCo released update on $1 bln Green Bonds

The FINANCIAL -- PepsiCo, Inc. (NASDAQ:PEP) released its 2020 Green Bond Report which provides an update on the allocation of the use of net proceeds from its first ever Green Bond, issued ...

Adidas and LEGO announced multi-year partnership

The FINANCIAL -- Today, industry-leading sportwear brand adidas and household favourite toy company, the LEGO Group announced a multi-year partnership. The collaboration will see ...

Bankrupt car rental company Hertz secures $1.65 bln DIP financing

The FINANCIAL -- Hertz Global Holdings, Inc. (NYSE: HTZ) today announced that it has secured commitments for debtor-in-possession ("DIP") financing totaling $1.65 billion and has filed a motion ...

Nestlé successfully completed acquisition of Aimmune Therapeutics

THE FINANCIAL -- Nestlé announced today the successful completion of its acquisition of Aimmune Therapeutics, Inc. (Nasdaq: AIMT). Joining Nestlé Health Science (NHSc) as a stand-alone business ...

Equinor says Hammerfest LNG plant will be shut for up to 12 months

The FINANCIAL -- Surveys of the damage after the fire at Hammerfest LNG on 28 September indicates that the LNG plant will be closed for up to 12 months for repairs. In addition to damage ...

“Women at DHL Global Forwarding” initiative won Gold Stevie Awards in 4 categories

The FINANCIAL -- “Women at DHL Global Forwarding” a diversity initiative at DHL Global Forwarding, the air and ocean freight specialist of Deutsche Post DHL Group, has been recognized for its ...

Amazon's first fulfillment center in Waco, Texas will create 1000 full-time jobs

The FINANCIAL -- Amazon announced plans to open its first fulfillment center in Waco, Texas, which is anticipated to launch in 2021 and will create over 1,000 new full-time jobs with ...

Huawei announced third-quarter results

The FINANCIAL -- Huawei today announced its business results for the first three quarters of 2020. During this period, Huawei generated CNY671.3 billion in revenue, an increase of 9.9% over the same ...

LEGO reveals 123 Sesame Street set

The FINANCIAL-- Voted for by LEGO brick lovers all over the world, a wonderfully nostalgic new LEGO Ideas set has been brought to life after being envisioned by an avid builder. The brand-new LEGO® ...

Equinor CFO resigns

The FINANCIAL -- Executive vice president and chief financial officer (CFO) Lars Christian Bacher resigns from his position at Equinor ASA (OSE: EQNR, NYSE: EQNR) with effect from 1 November ...

Amazon and J.L. Childress filed lawsuit against counterfeiters

The FINANCIAL -- Today, Amazon (NASDAQ: AMZN) and J.L. Childress unsealed a jointly filed lawsuit against 11 named individuals (collectively, the “defendants”) for counterfeiting J.L. ...

Pariplay announced partnership with Swiss Casinos

The FINANCIAL -- Pariplay Ltd., the No. 1 aggregator and content provider behind innovative products including the Fusion™ aggregation platform and the Ignite Studio development programme, ...

KPMG reelected William B. Thomas for a second term as Global Chairman & CEO

The FINANCIAL -- KPMG International today announced that William (Bill) B. Thomas has been unanimously reelected to serve a second term as Global Chairman & CEO of KPMG. Following a decision by ...

Deloitte received 8 awards at the 15th ITR's Americas Tax Awards 2020

The FINANCIAL -- Deloitte received eight awards at the 15th International Tax Review Americas Tax Awards 2020. In addition to being named the Americas Transfer Pricing firm of the year – the fourth ...

Visa announced Tap to Phone payment system availability in more than 15 markets

The FINANCIAL -- As the world increasingly turns to digital payments amidst COVID-19, a simple mobile app can help millions of sellers worldwide quickly and securely accept contactless payments, ...

GMC introduced 2022 HUMMER EV

The FINANCAIL -- GMC announced that reservations are being accepted for its new supertruck, the 2022 GMC HUMMER EV, which launches with initial production fall of next year in the unique Edition 1 ...

LEGO appointed Atul Bhardwaj as Chief Digital & Technology Officer

The FINANCIAL -- The LEGO Group today announced the appointment of Atul Bhardwaj as Executive Vice President and Chief Digital & Technology Officer. Bhardwaj joins the LEGO Group ...

Nestle reported organic sales growth in the first 9 months of the year

The FINANCIAL -- Nestle today reported nine-month sales for 2020. Organic growth reached 3.5%, with real internal growth (RIG) of 3.3% and pricing of 0.2%. Growth was supported by continued ...

Prof. Anne-Valerie Corboz joins HEC Paris Business School

The FINANCIAL -- Professor Anne-Valérie Corboz joins HEC Paris as its new Associate Dean of Executive Education. Prof. Corboz, who has enjoyed a long and international professional trajectory in the ...

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