To ensure that the continent of Europe can benefit from new data-driven technologies, a call for the removal of barriers to the free flow of data both within and outside the 28-nation bloc was given by nearly half of the… Read More ›
Month: May 2016
Samsung’s adopts new strategy to beat slack in market
Samsung adopts new strategy to ride-over slowdown in the smartphone market. In order to check the slide in the smartphone market, Samsung electronics has taken the strategic decision to revise its production model and break from its current practice of… Read More ›
Iran will not freeze its oil production levels
With its oil exports taking hard hits due to sanctions, it is now determined to boost its oil production to pre-sanction levels. As per Rokneddin Javadi, Iran’s Deputy Oil Minister, the country has no plans to freeze its oil production… Read More ›
Boeing’s 777 and 787 face increased write-off risks
Weakening oil prices could act as a break for the placement of orders of new aircrafts. As per a report that appeared yesterday in Barron, a financial news weekly, Boeing stock is vulnerable to fall as much as 15% from… Read More ›
Volkswagen’s board witnesses power struggle
Due to its shareholding structure, if VW’s preferential shareholders are denied a dividend payment for two years in a row, their shares will gain voting power thus in turn would diluted of other shareholders, in this case Lower Saxony. A… Read More ›
Volkswagen to emerge from diesel emission test scandal, wants to pursue new path
The new strategy will be unveiled in mid-June this year. According to excerpts of a speech yet to be given by Volkswagen’s CEO Matthias Mueller, Europe largest auto manufacturer is set to announce a new strategy in mid-June. Volkswagen has… Read More ›
Phillip Dauman and Abrams removed from Viacom, CBS Boards and National Amusements Inc boards
With this move Sumner Redstone’s daughter Shari Redstone will have more sway over the remaining board members. As per two sources who are familiar with the matter at hand, Sumner Redstone, media mogul, has removed Philippe Dauman, Viacom’s CEO and… Read More ›
After $7.2M Raising by BeMyEye, an ‘Uber for mystery shoppers’, Company Eyes US Expansion
6.5 million euros ($7.2 million) was raised by a start-BeMyEye up and announcement for an acquisition was made as it eyes international expansion. BeMyEye crowdsources people to carry out mystery shopping and data collection tasks for major brands like Coca… Read More ›
EU antitrust regulators set to approve AB-InBev’s acquisition of SABMiller
AB InBev set to get conditional nod from the European Commission for its acquisition of SABMiller. According to three sources who are familiar with the matter at hand, antitrust regulators from the European Union are set to conditionally approve AB… Read More ›
Kara Raiguel to become CEO of Berkshire Hathaway’s General Reinsurance unit
Ajit Jain, who is viewed as a potential successor to Warren Buffet, has described Kara Raiguel as a “true renaissance woman in the insurance and reinsurance industry”. With Tad Montross set to retire from the General Reinsurance unit of Berkshire… Read More ›
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