Markets

THE latest issuance of private equity-backed (PE) bonds by the Azalea Group opens for public subscription today, this time with a larger retail tranche to cater for an expected strong demand.

Kroger Co said on Tuesday it would start selling cannabis-based products in 945 stores, joining the growing number of retailers that are trying to tap the demand for cannabidiol (CBD) products.

William Ackman's activist hedge fund Pershing Square Capital Management LP is opposed to United Technologies Corp's US$120 billion aerospace merger with defense contractor Raytheon Co, a person familiar with the matter said on Tuesday.

General Motors Co is expected to announce on Wednesday it is investing about US$150 million at its Flint Assembly in Michigan to boost production of heavy duty trucks, sources briefed on the matter said.

REUTERS: Amazon.com Inc said on Tuesday it would end its U.S. restaurant food delivery service on June 24, giving in to intense competition from GrubHub Inc, DoorDash, Uber Technologies' Uber Eats services. "A small fraction of Amazon employees are affected by this decision, and many of those ...

Cloud storage provider Dropbox Inc on Tuesday announced a major update of its core software that will pull together a variety of work-related tools into one spot, part of the company's continued push to offer higher-profit services beyond raw storage space.

Square, the payments company co-founded by Twitter chief executive Jack Dorsey, has launched an initiative to enable refugee entrepreneurs to accept card and mobile payments, to help get their businesses off the ground.

Uber Technologies Chief Executive Dara Khosrowshahi said on Tuesday the company's initial public offering last month was hurt by U.S. trade tensions even as he downplayed recent volatility in the stock price.

Global business consultancy Capgemini is launching its first-ever investment fund, with plans to invest up to 90 million euros (US$102 million) in early-stage technology companies.

German prosecutors said on Tuesday they were investigating the chairman of Volkswagen's powerful works council as part of a inquiry into whether some of its members were paid excessively, turning him from a witness into a suspect.