Markets

SAN RAMON, California: Business software pioneer Salesforce.com is buying work-chatting service Slack for US$27.7 billion in a deal aimed at giving the two companies a better shot at competing against longtime industry powerhouse Microsoft. The acquisition announced on Tuesday (Dec 1) is by far ...

The U.S. House of Representatives is expected to pass legislation this week that could prevent some Chinese companies from listing their shares on U.S. exchanges unless they adhere to U.S. auditing standards, congressional aides said on Tuesday.

Grab’s ambition to become a regional superapp has taken it in several new directions, many more attractive than the transport business, says NUS Business School’s Nitin Pangarkar.

It’s understandable that employers in a crisis offer lower salaries, but those who go overboard risk tarnishing their reputation and losing talented professionals when things pick up, says Jaime Lim of PeopleSearch.

Walt Disney Co said on Tuesday it had consolidated its television studios into two units as the company restructures operations to emphasize streaming media.

Tesla Chief Executive Elon Musk on Tuesday said he was open to discussing a merger of his start-up electric carmaker with a rival.

Amazon.com Inc's cloud unit on Tuesday offered a new supercomputing service based on its self-designed processors, a further sign of how chips based on Arm Ltd's technology are encroaching on Intel Corp and Advanced Micro Devices Inc turf.

The number of online-only shoppers jumped 44 per cent during the Thanksgiving holiday weekend in the United States to 95.7 million, the National Retail Federation said on Tuesday (Dec 1), even as the overall number of shoppers dropped.

U.S. bank profits were significantly higher in the third quarter than the first half of 2020, although the industry still lagged behind 2019 levels, a regulator reported on Tuesday.

The Federal Aviation Administration (FAA) on Monday issued its first airworthiness certificate for a Boeing 737 MAX built since March 2019, the agency confirmed.