Business

CME Group buys NEX for $5.5 billion

Futures trading giant CME Group has reached a deal to buy U.K.-based trading firm NEX Group for £3.9 million ($5.49 billion). CME will acquire London-based NEX in a transaction valued at £10 ($14) per share, consisting of £5 in cash along with also 0.0444 CME Group shares, based on CME’s closing share cost of $158.84 on Wednesday, the companies said ...

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Community engagement will be key to foreign investment in Saudi Arabia: Princess Reema

As foreign investors do more business in Saudi Arabia, Princess Reema bint Bandar Al Saud called on Western businesses to engage more with local citizens. Speaking to CNBC on the sidelines of the 2018 Saudi-U.S. CEO forum, the princess explained of which societal alterations are critical to Saudi Arabia’s economic transformation. She said of which many expatriate employees conduct their ...

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Judge refuses to toss lawsuit accusing Trump of violating Constitution

A federal judge on Wednesday gave the go-ahead to part of a lawsuit of which accuses President Donald Trump of flouting constitutional safeguards against corruption by maintaining ownership of his business empire while in office. U.S. District Judge Peter Messitte in Greenbelt, Maryland, refused a request by the Justice Department to throw out the case, although he narrowed the claims ...

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Subscription service helps Porsche attract younger drivers

Porsche Passport, which provides subscribers with access to Porsche vehicles via a mobile app, can be currently only available in Atlanta, home to Porsche’s North American operation, as well as Clutch Technologies, the company hosting the app. The month-to-month subscription gives customers two cost options: A flat fee of $2,000 or $3,000. The subscription includes a $500 activation fee along ...

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Jaywalkers under surveillance in Shenzhen soon to be punished via text messages

Traffic police within the southern Chinese city of Shenzhen have always had a reputation for strict enforcement of those flouting road rules within the metropolis of 12 million people. currently with the help of artificial intelligence along with facial recognition technology, jaywalkers will not only be publicly named along with shamed, they will be notified of their wrongdoing via instant ...

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Equifax names Mark Begor as its CEO

Brendan McDermid | Reuters Equifax trading information in addition to the company logo are displayed on a screen where the stock can be traded on the floor of the brand new York Stock Exchange in brand new York. Equifax says Mark Begor will become its CEO as the credit reporting company continues to try to recover through fallout surrounding a ...

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Next in line seeking answers via Zuckerberg: 37 attorneys general

The National Association of Attorneys General, led by Kansas AG Derek Schmidt, wants Facebook CEO Mark Zuckerberg to answer questions related to the social media giant’s privacy practices. A letter via the organization (click here to read the item) said the “profoundly concerned” AGs want Zuckerberg to answer a series of questions about how third-party software developers used the data ...

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Switzerland urged to do more to fight, penalize bribery

@ Didier Marti | Moment | Getty Images A tramway car captured with blurred motion rushes through the Paradeplatz (Parade square) within the heart of Switzerland banking industry in Zurich at night. A group of mostly rich, industrialized countries says Switzerland should do more to prosecute companies along with also apply tougher penalties for bribery. The Organization for Economic Cooperation ...

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