OPEC sources reportedly said that if Tehran refuses to limit its supply, Riyadh says it could raise oil output steeply to bring prices down, stirring up old disputes between Saudi Arabia and rival Iran which resurfaced at a meeting of… Read More ›
Day: November 4, 2016
Possible U.S. Price Fixing Brings Drugmakers Under Fire
Calls to probe whether Sanofi SA, Eli Lilly and Co, Merck & Co Inc and Novo Nordisk A/S colluded to set prices for insulin and other diabetes drugs was made by two prominent U.S. lawmakers who appealed to the federal… Read More ›
VW vehemently defends the usage of its defeat device in Europe
VW has stated that the usage of its defeat device is in conformity with European law. However, as a gesture of public goodwill, it will refit the affected vehicles. It is to be seen how much of this posturing will… Read More ›
U.S. unit of Takata mulling bankruptcy: Sources
The Japanese auto parts maker has been struggling to survive after news of its potentially deadly airbags hit the market. According to a source knowledgeable with the matter at hand, the U.S. unit of Japanese auto parts manufacturer Takata Corp… Read More ›
GoPro’s production issue takes its toll on its quarterly revenues
GoPro said it has ramped up production to meet the demand from the upcoming holiday season. Its latest product offerings include the GoPro 5 and the world’s first consumer drone camera – the Karma. Hurt by production issues for its… Read More ›
ACA Financial Guaranty Corps wins Abacus case over Goldman Sachs
The Abacus case was related to the subprime mortgage crisis which was at the heart of the 2008 financial crisis. The suit claimed that Goldman Sach’s schemed to reap in huge fees by helping a hedge fund reap in huge… Read More ›
CICC close to acquiring China Investment Securities for undisclosed sum
The strategic merger will help place CICC in the retail brokering business. As per two sources with knowledge of the matter at hand, China International Capital Corp is in an advanced acquisition talks with China Investment Securities. The leading Chinese… Read More ›
China’s Wanda to acquire Dick Clark Production for $1 billion
Wanda is owned and run by China’s richest man Wang Jianlin. He aims to bring Hollywood technology and muscle through acquisitions to the Chinese heartland. After the acquisition, he will retain Dick Clark Production’s team. Extending the ever growing Chinese… Read More ›
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