Poaching the former director of the US research agency DARPA to lead a new research and development lab focused on large technological leaps, Facebook has hired Regina Dugan from Google. The new unit called Building 8 will create products to… Read More ›
A financial watch dog within the U.S. Government’s Treasury Department has boosted Well Fargo’s ranking in the global financial system. As per the findings of a U.S. government research group, Wells Fargo & Co is the only large U.S. bank… Read More ›
This strategic change will be hugely beneficial for McDonald as it will be largely absolved of fluctuations in China’s turbulent economy but will come with assured yearly royalties. As per sources who are familiar with the matter at hand, McDonald’s… Read More ›
A significant dip in demand from China, along with falling prices have deeply affected its operations. The Obama administration’s climate change policies have only compounded its woes. Faced with a significant drop in coal prices, U.S. coal producer Peabody Energy… Read More ›
Sumner Redstone, a 92 year old majority stakeholder of Viacom, had opposed the sale. As per a report from the WSJ, Sumner Redstone, who holds a controlling stake in Viacom, is opposed to Phillipe Dauman’s, Viacom’s CEO, plans of selling… Read More ›
South Africa’s Competition Commission extends deadline scrutiny for AB-InBev’s acquisition of SABMiller by 15 days. South Africa’s antitrust authorities have extended the scrutiny period of Anheuser-Busch InBev’s acquisition of SABMiller by 15 days. This is because the competition watchdog needed… Read More ›
The raid by the Panamanian police is supposedly looking for evidence of illegal activities by the law firm. Late on Tuesday, Panama’s Attorney General has raided the offices of Mossack Fonseca, a law firm, in search for evidence of illegal… Read More ›
AB-InBev is pushing for this acquisition of SABMiller since it will allow it to expand its footprint in the crucial markets of Africa, Peru and Columbia. In order to secure the approval from the European Commission, the equivalent of antitrust… Read More ›
The company is set to split in the second half of this year. Alcoa Inc., a company which deals in metals, has reported a lower quarterly profit thanks to low commodity prices. Plant closures and disinvestments along with a strong… Read More ›
Citing reasons of China’s slowdown, persistently low oil prices and chronic weakness in advanced economies, the International Monetary Fund cut its global growth forecast for the fourth time in the past year on Tuesday. The global economy would grow at… Read More ›
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