By Olivier Sorgho GDANSK (Reuters) -Parcel locker firm InPost forecast on Friday margin improvement in its key Poland market and ruled out job cuts and more price hikes this year, as it benefits from cutting costs and growing parcel volumes. InPost, whose automated parcel machines (APMs) allow customers to pick up their packages, forecasts an …
InPost sees better margin in Poland, plans no job cuts this year Read More »
(Corrects to read June (not July), paragraph 7) (Reuters) -Britain’s competition watchdog said on Friday it would refer UnitedHealth Group’s 1.24 billion pound ($1.54 billion) acquisition of healthcare technology firm EMIS for a Phase 2 investigation. The Competition and Markets Authority (CMA) said it had rejected a remedy offered by U.S.-based UnitedHealth after deeming it …
UnitedHealth takeover of EMIS referred for UK in-depth antitrust probe Read More »
By Anirban Sen and Andres Gonzalez NEW YORK/LONDON (Reuters) – Global mergers and acquisitions (M&A) activity shrank to its lowest level in more than a decade in the first quarter of 2023, as rising interest rates, high inflation and fears of a recession soured the appetite of companies for dealmaking. M&A volumes during the first …
Global dealmaking sinks to lowest level in over a decade Read More »
(Reuters) -Rocket maker Virgin Orbit Holdings on Thursday said it was laying off about 85% of staff. Richard Branson’s Virgin Group has a controlling interest in Virgin Orbit. Shares of the company fell 50% in after hours trade. About 675 employees will lose their jobs, and the company expects to take related charges of about …
By James Davey and Sinchita Mitra (Reuters) -British online supermarket and technology group Ocado on Thursday won a high court legal action brought by Norwegian robotics firm AutoStore after the judge dismissed its patent infringement claims. The two pioneers in warehouse storage technology are facing off in multiple jurisdictions around the world to protect their …
Ocado defeats AutoStore in London high court patent feud Read More »
By David Lawder WASHINGTON (Reuters) -European Commission Executive Vice President Margrethe Vestager said on Thursday that she is optimistic that an electric vehicle battery minerals trade agreement can soon be reached with the U.S. that is similar in substance to Washington’s deal this week with Japan. Vestager told reporters in Washington that European Union and …
Vestager optimistic for US-EU battery minerals deal similar to Japan’s Read More »
By Blake Brittain (Reuters) -Apple Inc persuaded a U.S. appeals court on Thursday to uphold a patent tribunal’s ruling that could imperil a $502 million verdict for patent licensing company VirnetX Inc in the companies’ long-running fight over privacy-software technology. The U.S. Court of Appeals for the Federal Circuit affirmed a decision from the U.S. …
Apple wins U.S. appeal over patents in $502 million VirnetX verdict Read More »
By Michael S. Derby, Ann Saphir and Howard Schneider WASHINGTON (Reuters) -Three Federal Reserve officials kept the door open on Thursday to more rate rises aimed at lowering high levels of inflation, with two noting banking sector problems could generate enough headwinds on the economy to help cool price pressures faster than expected. “Inflation remains …
Fed officials keep rate hike door open, say bank stress may weigh on outlook Read More »
AMSTERDAM (Reuters) – Dutch health technology company Philips expects to reach settlements this year relating to its global recall of respiratory devices, CEO Roy Jakobs said in an interview with Dutch financial daily FD published on Thursday. “I think we can at least reach a settlement on economic damages this year,” Jakobs said without giving …
Philips expects to reach recall settlements this year Read More »
By Adrianna Ebert GDANSK (Reuters) -Poland’s biggest game developer CD Projekt said on Thursday it will start a marketing campaign for the highly-anticipated first and only expansion to Cyberpunk 2077 under title Phantom Liberty in June. The launch will be “the biggest event for us this year,” board member Michał Nowakowski said, but “do not …
Poland’s CD Projekt to start marketing campaign for Phantom Liberty in June Read More »
