Thyssenkrupp on Thursday said it agreed to sell its prized elevator division to a private equity consortium including Advent, Cinven and Germany's RAG foundation for 17.2 billion euros (US$18.7 billion).
Chicago Federal Reserve Bank President Charles Evans on Thursday suggested that "extraordinary accommodation" and a period of elevated inflation will be integral to the U.S. central bank's approach to fighting the next severe economic downturn.
Thyssenkrupp has agreed to sell its elevators division to a consortium of Advent and Cinven , two sources close to the matter told Reuters.
Shares of Tesla Inc fell as much as 14per cent on Thursday on concerns about the impact of the coronavirus on the electric-car maker's vehicle registrations in China.
A Facebook feature that reminds users to vote has been put on hold in the European Union until the U.S. firm responds to concerns on the use of data gathered by it, Ireland's data regulator said on Thursday.
Steven Seagal, the star of action movies including "Above the Law" and "Out for Justice," has agreed to pay US$314,000 to resolve charges of "unlawfully touting" a cryptocurrency offering, the U.S. securities regulator said on Thursday.
International grains trader and processor Cargill Inc has banned all non-essential travel for its employees for the next two weeks due to the coronavirus outbreak, company spokeswoman April Nelson told Reuters on Thursday.
PARIS: Chinese telecom giant Huawei said Thursday that it would begin manufacturing radio equipment for next-generation 5G networks in France. The 200-million-euro (US$218-million) facility will employ 500 people and produce equipment for the European market, Huawei chairman Liang Hua told a press ...
Actor Steven Seagal has agreed to pay US$314,000 to the U.S. Securities and Exchange Commission after being charged with "unlawfully touting" a cryptocurrency offering, the U.S. securities regulator said on Thursday.
Shares of Microsoft Corp fell more than 4per cent on Thursday after the company warned of weakness in PC business due to a hit to its supply chain from the coronavirus outbreak, echoing similar statements from Apple Inc and HP .
