Business

Clariant to buy BASF clay biz assets in $60 mln sustainable bid

Swiss specialty chemicals maker Clariant (CLN.S) said on Tuesday it would purchase assets from German competitor BASF (BASFn.DE) in North America in a $60 million cash deal that will help grow its sustainable business. Clariant said it expects to complete the purchase of the assets of BASF’S U.S. attapulgite business–one of the largest miners and […]

Business

Farm aid: Chipotle CEO Brian Niccol on America’s farming crisis

When you order at Chipotle Mexican Grill, you are probably not thinking about the complex supply chain that got your food into your hands. That is Brian Niccol’s job. As Chipotle’s CEO and chair, the buck stops with Niccol when it comes to all those logistics. But Niccol does want you to consider the land […]

Business

Riot Games agrees to pay $100 mln to settle gender discrimination lawsuit

Tencent Holdings’ (0700.HK) Riot Games on Monday said it has agreed to pay $100 million to settle a 2018 gender-based discrimination class-action lawsuit with California state agencies and current and former women employees. The company said it will pay $80 million to the members of the class-action suit, comprising all current and former full-time women […]

Business

Chinese developer Shimao plans to use own funds to pay onshore bonds

Chinese developer Shimao Group’s (0813.HK) flagship unit said it plans to use its own capital to make onshore bond payments due in the next three months, and it is in talks to sell its commercial and hotel assets. Shanghai Shimao Co (600823.SS) also said it will be difficult to meet its 38 billion yuan ($5.96 […]

Business

S&P 500 scores record high on retail sales cheer

The S&P 500 index (.SPX) hit a record high on Monday, as strong U.S. retail sales underscored economic strength and eased worries from Omicron-driven flight cancellations that hit travel stocks. U.S. holiday season retail sales rose 8.5% from Nov. 1 to Dec. 24, powered by an ecommerce boom, according to a Mastercard Inc report. The […]

Business

The creative life: LEGO’s Julia Goldin on play at work

If there is a singular skill that got us through the last couple of years in one piece, it is creativity. One organization far ahead of the curve on creative thinking is The LEGO Group. Its chief product and marketing officer, Julia Goldin, spoke with Reuters about unlocking and developing this critical skill – not […]

Business

Bitcoin Price Today Rises Near $48,000; Ether, Cardano Slightly Up, Know Crypto Rates

Bitcoin failed to maintain any meaningful gains above $50,000-mark ahead of the upcoming meeting of US Federal Reserve scheduled on Wednesday. Bitcoin price dropped sharply at the starting of this month, on December 4. Later, it had moved higher to reclaim $50,000 on December 12 but it dropped again near $47,000-mark this week. The bearish […]