BERLIN / FRANKFURT (Reuters) – German prosecutors said on Monday they had arrested the head of a Dubai-based Wirecard subsidiary, widening the circle of suspects in a multi-million dollar fraud investigation into the collapse of the payment company. FILE PHOTO: The logo of Wirecard AG, an independent provider of outsourcing …
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WINNIPEG, Manitoba / TORONTO (Reuters) – Six years ago, Canadian oil services firm Calfrac Well Services (CFW.TO) had a market value of C $ 2.1 billion ($ 1.55 billion) and was ready for expansion in the US. FILE PHOTO: An oil and gas pump jack is seen near Granum, Alberta, …
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(Reuters) – Clothing company Lucky Brand Dungarees files for Chapter 11 bankruptcy, it said Friday, becoming the latest retailer to fall victim to the coronavirus pandemic. The firm said it had entered into a “horse stalking asset purchase agreement” with SPARC Group LLC, which owns brands like Aeropostale and Nautica, …
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WASHINGTON (Reuters) – Twenty advocacy groups from the United States, Europe, Latin America and elsewhere signed a statement on Wednesday urging regulators to be wary of Google’s $ 2.1 billion offer by fitness tracker company Fitbit. Inc (FIT.N) for privacy and competition reasons. FILE PHOTO: The Fitbit Blaze watch is …
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LONDON (Reuters) – BP (BP.L) agreed to sell its global petrochemicals business to billionaire Jim Ratcliffe’s Ineos for $ 5 billion, leaving a sector widely seen as a key driver of growth in oil demand in the coming decades. FILE PHOTO: A BP logo at a service station in London, …
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