Business News

Business News

Xerox to buy printer maker Lexmark from Chinese owners in $1.5 billion deal By Reuters

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(Reuters) – Office equipment manufacturer Xerox (NASDAQ:) will buy Chinese-owned printer and printing software maker Lexmark International in a $1.5 billion deal to bolster its mainstay business, the companies said on Monday. The purchase from Ninestar Corp, PAG Asia Capital and Shanghai Shouda Investment Centre will bring Lexmark back to U.S. ownership. Formed out of … Read more

The simple secret behind the UK’s best performing council pension fund

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Quentin Marshall, chair of Kensington and Chelsea’s £1.9bn pension scheme, has delivered the best performance of any UK local authority fund over the past decade by parking half of its assets in a global equity index tracker.  Marshall, who has chaired the fund since 2014, said individual stock or fund selection hinders rather than helps … Read more

Pakistani woman Seema Haider, who entered India with 4 kids, announced pregnancy with Sachin Meena’s child, shows baby bump in viral video

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Pakistani woman Seema Haider, who entered India with her four children via Nepal, is now expecting a child with her partner, Sachin Meena, a resident of Greater Noida. The couple’s love story began through the online game PUBG Mobile. Haider, living with Meena and her four children in Greater Noida, revealed her pregnancy in a … Read more

Dow futures slump, Nasdaq ticks higher as Wall Street assesses Fed’s 2025 rate path

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Stock futures started a short trading week mixed as investors considered the path of interest rates next year after the Fed hinted they would stay higher for longer. Futures tied to the S&P 500 (ES=F) hugged the flatline, while those on the tech-heavy Nasdaq (NQ=F) rose 0.3%. Dow Jones Industrial Average futures (YM=F) lost 0.3%. … Read more

Hon Hai expands with new energy sector investments By Investing.com

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TAIPEI – Hon Hai (TW:) Precision Industry Co., Ltd., also known as Foxconn (SS:), has announced through its subsidiaries the acquisition of 100% of shares in two new energy companies, deepening its foray into the renewable energy and electric vehicle sectors. The transactions, both dated Monday, involve the purchase of shares in Foxconn New Energy … Read more

How were so many economists wrong on whether we’d have a recession? Northern Trust’s Ryan Boyle points to 3 culprits

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‘This is not the culture…’: Former Infosys CFO Mohandas Pai slams IT companies in pay scale disparity

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Former Infosys CFO Mohandas Pai slammed IT companies over alleged disparity in pay scale between the top management and freshers entering the service.  Sharing an article on X (formally twitter), Pai termed the development ‘a sad state of affairs’.  “A very sad state of affairs in IT cos in India. Boards should stop being mercenary, … Read more