Impossible Foods Inc, maker of the plant-based Impossible Burger, is in talks with investors about a new round of fundraising that could more than double the US$2 billion valuation it attained in May, according to people familiar with the matter.
Sub-Saharan Africa lags other regions such as Asia in moving away from cash to plastic money. One Nigerian company is aiming to close that gap by tapping into a growing appetite for smartcards across the continent.
U.S. prosecutors announced criminal charges accusing the founders of Outcome Health of overseeing a fraudulent scheme to overbill clients and raise US$487.5 million in financing from major investors.
McDonald's Corp agreed to pay US$26 million to settle a nearly seven-year-old lawsuit accusing the fast food chain of underpaying U.S. staff at its corporate-owned restaurants in California.
Texas' attorney general has settled with T-Mobile Inc and Sprint Corp and will drop his opposition to the US$26.5 billion merger, leaving just Democratic attorneys general fighting the combination.
Apple Inc and semiconductor stocks powered the S&P 500 and Nasdaq indexes to record highs on Monday, after a report signaled that the United States and China were nearing a trade truce, with sentiment also buoyed by a raft of mega deals.
Tesla CEO Elon Musk and his spacy Cybertruck have ignited a frenzy over electric pickups, and at least seven other U.S. automakers expect to build new battery-powered trucks by 2021.
France will not follow the United States and exclude China's Huawei from its next-generation 5G network, but will have the power to vet all equipment makers for any potential security threat, a minister said on Monday.
EBay Inc will sell its ticketing unit, StubHub, for US$4.05 billion to ticket reseller Viagogo Ltd in an all-cash deal, the companies said on Monday.
Britain's Just Eat urged shareholders on Monday to shun a US$6.3 billion cash offer from Prosus, saying a currently lower valued deal with Takeaway.com was a better bet as it would create the largest food delivery firm outside China.
