Although he has evinced an interest, the matter is still open to a final call. Masayoshi Son, the CEO of the SoftBank Group, has disclosed he is interested in investing in ride-hailing firms Lyft and Uber Technologies. However he has… Read More ›
Month: August 2017
Pershing Square Capital Management likely to nominate directors at Automatic Data Processing
The activist hedge fund has stated it is willing to work with the existing board to improve its operating margins. William Ackman’s Pershing Square Capital Management has disclosed, it plans on nominating directors to Automatic Data Processing Inc’s 10 member… Read More ›
A ‘New Normal’ For Russia Ushered In By Trump’s Sanctions Reboot
The chill in geopolitics is threatening to turn into a deep freeze for an economy retooling after the crash in oil prices as Russia hunkers down for “decades” of U.S. sanctions. He assumption that Russia’s future may look much like its… Read More ›
As Consumer Conference Soars In Emerging Markets, Global Investors Find A New Love
With global investors moving on following excitement over U.S and then European equities, an increased appetite for emerging markets has grown in recent months. Since 2017 began, there has been a surge of almost 24 percent in the MSCI Emerging Market Index…. Read More ›
German economy in the pink of health
Economic data shows EU’s largest economy to be chugging along fine, with the manufacturing sector producing healthy growth. In a significant development that bodes well for Germany and the European Union, industrial orders in Germany have risen twice as much… Read More ›
Whistle blower’s allegations against Raytheon does not stand scrutiny
The whistle blower had amended his allegations 5 times. He wanted to amend it once more. The judge dismissed the allegations saying they were did not lack substance and were too generalistic. In a major development, defence giant Raytheon Co… Read More ›
Volvo shares engine technology with its Chinese parent
With this development, the Volvo brand will get diluted even further. As per sources familiar with the matter at hand, Sweden’s Volvo Cars, which incidentally is a unit of Zhejiang Geely Holding Group, has agreed to provide its engines for… Read More ›
Toyota Motor Corp to set up auto assembly plant in US in joint collaboration with Mazda
Toyota’s fuel efficient sedans and SUVs caters to design-conscious consumers in the US. As per a sourced briefed with the matter at hand, Toyota Motor Corp and Mazda Motor Corp are set to collaborate on developing a $1.6 billion U.S… Read More ›
Exxon likely to expand its crude oil processing refinery in Beaumont, Texas
Given the U.S Administration’s leaning on fossil fuel Exxon it would not be surprising if Exxon were to go ahead with this capacity expansion. A spokeswoman for ExxonMobil Corp has stated the oil giant is weighing its options whether to… Read More ›
There Have Been 63,000 Cancellations Of Tesla’s Model 3 Pre-Orders
Expecting an average of 1,800 new orders a day, Tesla is continuing to see demand for its first mass market car, the Model 3. However, the company also revealed that about 63,000 people have cancelled their Model 3 pre-orders, Tesla’s… Read More ›
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