The acquisition will boost EU’s position in market dominated by 3 US Market rating agencies. In a strategic development, two rating agencies in Germany who have a combined market share of less than 3%, are merging so as to increase… Read More ›
Day: July 1, 2016
Britain’s Office for Budget Responsibility postpones forecast of public finances in Brexit’s wake
Britain will need to address and charter a course for improving its relationship with the world’s largest trading block before it can deal with the aftershock of its historic decision. As per Britain’s independent budget regulator, the publication of next… Read More ›
Oracle found in breach of contract for HP developing software for HP’s Itanium servers
A jury has awarded $3 billion damages to Oracle, which the company has decided to appeal. Oracle’s spokeswoman has disclosed that a California jury has ordered the company to pay to pay Hewlett-Packard Enterprise Co $3 billion in damages in… Read More ›
Disney values MLB Advanced Media at $3.5 billion, set to buy 33% stake in it
MLB Advanced Media is the video arm of Major League Basketball. Bloomberg has reported citing a source who is familiar with the matter at hand that Walt Disney Co. is set to buy a 33% stake in MLB Advanced Media,… Read More ›
Brazil’s superior court tells BHP & Vale to shell $6.23 billion for the country’s worst ever environmental disaster
BHP and Vale’s settlement of $2.3 billion was overturned by the court and it was told to pay $6.23 billion. It has now decided to fight the case, rather than settle. BHP Billiton has disclosed that it would appeal the… Read More ›
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