Category: Business

Alphabet Inc’s Google on Monday confirmed that there was an issue with its ITA software, which powers ticketing and other services on the websites of many U.S. airlines. Reports by users showed issues on Monday with the websites of Delta Air Lines and American Airlines, according to Downdetector.com. People familiar with the matter also said […]

Exxon Mobil Corp’s XTO Energy shale unit filed a breach of contract lawsuit against Energy Transfer LP over disputed payments for the Dakota Access Pipeline, according to a Texas state court filing. The suit alleges the pipeline operator hit XTO with deficiency charges and revoked other credits after the oil producer shifted some oil to […]

The cryptocurrency market capitalization hit an all-time peak of $2 trillion on Monday, according to data and market trackers CoinGecko and Blockfolio, as gains over the last several months attracted demand from both institutional and retail investors. By mid-afternoon, the crypto market cap was at $2.02 trillion. The surge was led by bitcoin, which hit […]

SoftBank Group Corp has agreed to buy a 40% stake in AutoStore for $2.8 billion, the Norway-based robotics firm said on Monday, in yet another big investment by the conglomerate in warehouse automation technology that optimizes e-commerce operations. The Japanese company will acquire the stake from funds affiliated with AutoStore’s majority shareholder Thomas H. Lee […]

U.S. stocks rallied on Monday with the Dow and S&P 500 closing at record levels, as a round of strong economic data buoyed investor optimism for the economic reopening and a muted climb in the 10-year U.S. Treasury yield kept inflation worries in check. An ISM survey for March showed a measure of U.S. services […]

Food Secretary Shudhanshu Pandey said on Thursday that wheat procurement has gained pace in the ongoing Rabi Marting Season (RMS) 2021-22 with the government agencies procuring 64.7 LMT of wheat worth Rs 12,800 crore at MSP (Minimum Support Price) of Rs 1,975 per quintal, against an estimated target of 427 LMT this year. Speaking to […]

A ruling on a request to freeze the assets of Lim Oon Kuin and his two children following the collapse of Lim’s oil trading firm Hin Leong Trading Pte Ltd will be made at a later date, following a whole day’s hearing at the Singapore High Court, four sources said on Monday. Court-appointed liquidators of […]