Catalyst launches hostile bid to acquire Hudson’s Bay Company

The war is declared between Catalyst Capital and the “Baker Group”, which has already agreed with the Hudson’s Bay Board to take control of the company. Catalyst, which holds approximately 17.5% of HBC’s shares, offers $ 11 per share in cash. In doing so, the…

After 5 days, there was a break on the price of petrol

Petrol prices remained steady on the third trading day of the week after a rise of 5 consecutive days. At the same time, there was no change in the price of diesel for the third consecutive day. According to the website of Indian Oil, the…

US economy grew 2.1% in third quarter

The United States economy registered a growth of 2.1% in the third quarter, slightly higher than forecast. But many economists argue that the country is slowing in the current quarter. The Commerce Department said today that the growth rate of gross domestic product, total goods…

Walmart, CVS, Walgreens pull Zantac

Retail giant Walmart has also decided to remove the Zantac heartburn drug from its US stores after a potentially dangerous impurity in the product has been discovered. Walmart noted that the measure involved all drugs containing ranitidine, the active ingredient in Zantac, available over the…

Audi will eliminate 9,500 jobs by 2025

Audi will eliminate 9,500 jobs in Germany by 2025 as part of a transformation plan to make the company “efficient and sustainable,” the German automaker said today. The Volkswagen subsidiary based in Ingolstadt said that, at the same time, it expects to add 2,000 new…