Category: Business

Wirecard’s former boss stonewalled questions from lawmakers on Thursday when he was temporarily released from jail for an inquiry into post-war Germany’s biggest corporate fraud. Markus Braun, wearing his hallmark turtle neck and a blazer, declined to answer more than 50 questions about Wirecard’s demise, other than to say no German officials behaved inappropriately. Braun, […]

The former head of Wirecard, Markus Braun, on Thursday declined to answer questions from lawmakers investigating the payment firm’s collapse, saying only that no public officials had behaved improperly and that he would cooperate with prosecutors.

Engineering group ABB’s ABBN.S plan to offload three of its most profitable businesses, announced on Thursday, was met with disappointment by analysts who described the strategy as unambitious. ABB said it was “exploring all options” to exit its turbocharging, mechanical power and power conversion divisions, which have combined annual sales of $1.75 billion, or 6% […]

German luxury carmaker Daimler DAIGn.DE on Thursday said it plans to double sales of its Maybach-branded Mercedes-Benz vehicles, after selling 12,000 vehicles last year. Daimler unveiled its new flagship vehicle, which is based on a Mercedes-Benz S-Class limousine, and which retails starting at $173,000 but can quickly add up to more than $250,000 once options […]

Walgreens Boots Alliance Inc WBA.O said on Thursday its customers can now pick up health and wellness products from its stores in about 30 minutes from placing an order online. The drugstore chain said its new service, under its customer loyalty program that has more than 100 million members, will be in addition to at-home […]

U.S. healthcare exchange traded funds (ETFs) have led inflows in November, bolstered by the progress in development of coronavirus vaccines. Data from Morningstar showed U.S. healthcare ETFs have lured $1.7 billion in the first two weeks of this month after witnessing outflows in the past three months. The news that Pfizer PFE.N and German partner […]

Exchange operator Nasdaq Inc NDAQ.O said on Thursday it would buy anti-financial crime software firm Verafin for $2.75 billion in cash, significantly expanding its reach in the regulatory technology market. Verafin, founded in 2003, provides more than 2,000 financial institutions in North America a cloud-based platform to help detect, investigate, and report money laundering and […]