• Quotes
  • Shortcuts
The Executive's Internet
Sun, Oct 25th
editor corner icon Editor's Corner | Archive
Steps to Help You Get Out of Your Own Way: These research-based tips will help you slow down, fight the fog, and improve both your home life and work life. Patricia
icon
GoogleAmazonWikipedia
site of the day icon Site of the Day | Archive
Information is Beautiful
Distilling the world's data, information & knowledge into beautiful infographics & visualizations


spacerspacer

 

 BUSINESS/FINANCE NEWS
Setup News Ticker
   BUSINESS/FINANCE NEWS
Searching for 'Here where'. (Return)

Yahoo BusinessOct 25, 2020
Amazon Wins Order to Stall $3.4 Billion Reliance-Future Deal
(Bloomberg) -- Amazon.com Inc. secured relief in its dispute with Future Group after a court put a temporary hold on Future's $3.4 billion sale deal with Indian billionaire Mukesh Ambani's Reliance Industries Ltd.An arbitration court in Singapore restrained Future Retail Ltd. and its founders from going ahead with the sale of assets, according to people with knowledge of the matter, who asked not to be identified as the proceedings were private. The ruling was on Amazon's request for an interim order before main tribunal hearings start.In an emailed statement late Sunday in Mumbai, Amazon said it got all the relief it sought, without providing specifics. "We welcome the award of the Emergency Arbitrator," Amazon said. "We remain committed to an expeditious conclusion of the arbitration process."Representatives for the Future Group declined to immediately comment when reached outside of business hours in India.The ruling marks some respite for the American e-commerce giant as it seeks to halt India's biggest retail deal that can give Ambani, Asia's richest man, unparalleled dominance in the race for India's estimated $1 trillion retail market. Ambani's Reliance is already India's biggest brick-and-mortar retailer and has ambitious plans for the online segment, where it'll take on Amazon.Battle LinesAmazon drew the battle lines earlier this month when it accused its partner, Future Group, of violating a contract by agreeing to a buyout by Reliance. The deal was a bailout for the Future Group, which
TRENDING TAGS
Covid-19Cases infections Health early vaccine
coronaviruscases record pandemic White House
PandemicWhite House coronavirus chief going
reporting
BrandsDunkin talks go private Inspire
StockBuy Market Right These Week
TrumpBiden Rally NBC how
talksBrands Dunkin go private CNN
casescoronavirus COVID-19 record high White
Dowcoronavirus cases record high Meadows

NEWS SOURCES
Top News (Business News)
Accounting Today
AdWeek News
Banking Business Review
Barron's This Week Magazine
Barron's Up and Down Wall Street Daily
Brad Ideas
Chicago Tribune Business News
CNBC Business
CNBC Economy
CNBC Finance
CNN/Money
CNN/Money Real Estate News
Dismal.com: Analysis
Dismal.com: Indicators
Enterprise Application News
Entrepreneur.com
Forbes Headlines
Forbes Social Media News
FT.com - China, Economy & Trade
FT.com - Financial Markets
FT.com - Hedge Funds
FT.com - Telecoms
FT.com - US
Google Business News
Google Market News
HBS Working Knowledge
Inc.com
INSEAD Knowledge
International Tax Review
Kiplinger
Knowledge@Wharton
L.S. Starrett News
MarketWatch
MarketWatch Breaking News
MarketWatch MarketPulse
McKinsey Quarterly
MSNBC.com: Business
Nielsen Trends
NonProfit Times
NPR Topics: Business
NYTimes Business
OpinionJournal.com
Private Equity Breaking News
Reuters Business
Reuters Company News
Reuters Money
SEC.gov Updates: News Digest
SHRM HR News
Tax Policy News
The Economist International News
The Motley Fool
USA Today Money
Wall Street Journal US Business
Wall Street Transcript
Washington Post Business
WSJ Asia
WSJ Europe
WSJ MoneyBeat
WSJ Opinion
WSJ US News
WSJ World Markets
Yahoo Business
  • CEOExpress
  • 1 Boston Place | Suite 2600
    Boston MA 02108
  • 617 482 1200
    617 299 8649 (fax)
  • Contact
  • As an Amazon Associate
    CEOExpress earns from
    qualifying purchases.

©1999-2020 CEOExpress Company LLC