Siemens AG set to cut 10,000 jobs in a major overhaul

Earlier in the week, in a major restructuring that involves spinning off its gas, oil, and power generation business and creating new areas of growth, German industrial equipment maker Siemens AG announced... Read more »

Stuttgart prosecutors issues a 535 mn euros fine on Porsche over diesel cheating

On Tuesday, May 7th, Stuttgart prosecutors revealed that German sports car maker and Volkswagen subsidiary Porsche is eligible to pay a fine of a 535-million-euro (USD 598 million) in regards to compensate... Read more »

Johnson & Johnson reaches an agreement to pay $1 billion to resolve hip implant lawsuits 

Earlier in the week, citing people close to the matter, it was revealed that Johnson & Johnson has agreed to pay a sum of nearly $1billion in an attempt to resolve most... Read more »

Mobility services company DMI acquires Silicon Valley company Pragiti

Earlier in the week, Mobility services company DMI announced the acquisition of Pragiti, a systems, applications, and products commerce cloud services provider. This acquisition reportedly expands DMI’s business into next-gen digital commerce capabilities. According... Read more »

SEC votes in favour of overhauling disclosures on business acquisitions

Earlier in the week, The Securities and Exchange Commission voted in favor of proposing a set of amendments to its rules governing the type of information provided to investors regarding the disposition... Read more »