Recent Posts

eBay is off the hook for selling harmful products

A US government lawsuit accusing eBay of selling almost 350,000 polluting and environmentally harmful products — including pesticides and “defeat” devices that let motor vehicles evade emission controls — has been dismissed by a federal judge. On Monday, District Judge Orelia Merchant ruled that eBay isn’t liable for items that users sell on the digital marketplace due to civil protections …

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Abu Dhabi’s ADNOC to buy Covestro for $16.4 billion

Covestro’s headquarters in Leverkusen, Germany. The company has adjusted its full year guidance for 2022, citing a number of factors. Ina Fassbender | AFP | Getty Images Abu Dhabi’s state-owned oil firm ADNOC on Tuesday said it has agreed to buy German chemicals firm Covestro for 14.7 billion euros ($16.4 billion). ADNOC, short for the Abu Dhabi National Oil Company, …

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Cybersecurity firm Proofpoint explores external funding as it eyes IPO

Sumit Dhawan, CEO of Proofpoint, took the reins as head of the cybersecurity company in 2022, a year after it was acquired by Thoma Bravo for $12.3 billion. He’s been pushing the firm to consider strategic opportunities such as mergers and acquisitions of smaller cybersecurity players to boost the company’s market expansion and stimulate industry consolidation. Proofpoint LONDON — Privately-held …

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