Potentially stifling its ability to create the next Google or Twitter, according to a new report, New York and San Francisco have been trumped by London which has been named as the most expensive city in the world for technology… Read More ›
Month: September 2016
Alcatel Integration Sped up by Nokia CEO Stung by Failed Mergers
Rajeev Suri put his team at Nokia Oyj on a tight schedule: in just 90 days they had to hash out which products to keep and which to jettison, after gaining control of French network-equipment rival Alcatel-Lucent SA in January. “Procrastinated… Read More ›
VW is unlikely to sell any diesel vehicles in the U.S. anymore
Regardless of the outcome of its talks with the U.S. EPA, resumption of the sale of its diesel models in the U.S. is likely to be a non-starter. In the wake of VW’s diesel emission scandal, the embattled company has… Read More ›
Federal Prosecutors to investigate Well Fargo’s sales practices
This new investigation by Federal prosecutors come in the wake Wells Fargo settling a probe with $190 million wherein it has neither acknowledged nor denied any act of wrong doing. As per a source who is familiar with the matter… Read More ›
Apple reports that the iPhone 7 Plus has been sold out
Consumers who are set to crowd Apple’s brick-and-mortar store should note that they can continue to place orders for iPhones online rather than throng the stores who will not have the phones for sale since they have been sold out…. Read More ›
Negative Rates to be made Centerpiece of Future Easing by BOJ: Reports
By shifting its prime policy target to interest rates from base money at its review next week, the Bank of Japan will consider making negative interest rates the centerpiece of future monetary easing, reported Reuters citing sources. As more than… Read More ›
Luxury-Goods Industry Descends into Gloom
After Richemont predicted a profit plunge that Chairman Johann Rupert deemed unacceptable and Hermes International SCA abandoned a long-standing forecast, the crisis in the global luxury-goods industry deepened. Richemont, the maker of Cartier jewelry, warned it may have to deepen… Read More ›
3 Hanjin ships sold for $39 million
Overcapacity and the uncertainty surrounding its future increase the possibility of more of its ships being sold. Three chartered ships have already among the dozen ships belonging to Hanjin Shipping Co Ltd, which are expected to be put up for… Read More ›
Bayer’s supervisory board to review Monsanto deal today
If the deal goes through, it could create a superpower of a company will can control the world’s food supply. According to sources familiar with the matter at hand, Monsanto’s board is likely to weigh-in on Bayer AG’s $65 billion… Read More ›
Jaguar Land Rover picks Takenaka & Vces as partners for its Slovak factory
JLR’s investment is stated to be the country’s biggest ever foreign direct investment in its history. Jaguar Land Rover (JLR) has disclosed that it has picked Vces and Takenaka, a a Czech and a Japanese company respectively, as subcontractors for… Read More ›
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