
Texas court to hear Google's request for venue change in antitrust case
Feb 05, 2021 00:21 am UTC| Business Law Technology
A hearing on Googles motion to move the trial from Texas to California of the antitrust lawsuit filed by 10 states would likely be held. Judge Sean Jordan said he is open to allowing a hearing on the issue if either...

Wine app Vivino secures $155 million for funding expansion, AI venture
Feb 04, 2021 23:58 pm UTC| Business Technology
Online wine marketplace and app Vivino has raised $155 million in funding its Series D round to support its expansion and ventures into artificial intelligence. Vivino is aiming to improve its core technology and AI...

Ford to reduce production of F-150 pickups due to semiconductor shortage
Feb 04, 2021 23:56 pm UTC| Economy Business
Ford Motor Co is cutting production of its profitable F-150 pickup trucks, going against the trend of automakers cutting production of less profitable vehicles to manage semiconductor shortage. The No. 2 US automaker is...

Shiseido to sell personal-care unit to CVC for $1.5 billion
Feb 04, 2021 23:47 pm UTC| Economy Business
Shiseido Co. agreed will sell its shampoo and affordable skin-care business to CVC Capital Partners for $1.5 billion, as it shifts more focus to making and selling high-end skin products. Under the deal, Shiseido will...

KFC owner cashing in on home delivery, take-out trend in China
Feb 04, 2021 23:43 pm UTC| Economy Business
Yum China is trying to cash in further with the home delivery and takeout trend with its KFC meal kits, which includes a snail-based rice noodle soup dish called luosifen that has become immensely popular in China. Yum...

Tencent dismisses employees and blacklisted companies due to bribery and embezzlement
Feb 04, 2021 10:50 am UTC| Business
Tencent recently fired over 100 of its employees and shunned 37 firms due to the companys bribery and embezzlement cases. It was reported that the Chinese multinational technology conglomerate holding company ousted them...

Kraft Heinz is giving up Planters and selling it to Hormel
Feb 04, 2021 10:41 am UTC| Business
Kraft Heinz Co. is reportedly close to sealing a deal with Hormel Foods Corp in connection with the sale of its Planters snack business. It was said that if nothing goes wrong, the transaction may be completed as early as...