The move is likely to boost the sales of guns, but it is unlikely to have a significant impact on the overall revenues of U.S. gun makers, since exports sales account for only 10% of their total revenues. In efforts… Read More ›
Month: September 2017
Toshiba awaiting letters of commitments from the Bain Capital led consortium before formalizing the sale of its NAND chip business to it
Despite the development, there is a level of uncertainty caused by legal measures taken by Western Digital Corp, Toshiba’s joint venture partner in its chip business. On Thursday Japan’s embattled Toshiba Corp is expected to formalize the sale of its… Read More ›
Google to acquire a stake in HTC for $1.1 billion
The deal deepens Google’s investments in its Pixel line up. On Thursday, in a joint statement, Alphabet Inc’s Google and HTC, have said, the former will acquire a stake in HTC’s smartphone operations for $1.1 billion. As part of the… Read More ›
If No Global Deal Is Struck, EU Plans To Go Alone On The Issue Of Digital Tax
Even if the rest of the rich world did not follow suit, the EU should proceed with an overhaul of taxes on digital firms, the European Commission said according to a draft report. Accused of paying too little tax in… Read More ›
Thyssenkrupp-Tata Deal Shakes Up German Election
The moving of the headquarter from Germany to the Netherlands for the new entity that has been formed by merger of the steel making operations of Germany’s iconic Thyssenkrupp AG and India’s Tata Steel Ltd. would result in thousands of jobs and this has… Read More ›
T-Mobile in exploratory talks with Sprint Corp
The deal is likely to attract rigorous scrutiny from antitrust regulators. According to sources familiar with the matter at hand, T-Mobile, the largest wireless operator in the U.S., is exploring the potential acquisition of its rival Sprint Corp in an… Read More ›
Uber’s Asia business under bribery cloud; allegations of bribery being probed by DOJ
Uber’s law firm O‘Melveny & Myers LLP is investigating on why some potentially problematic business dealings were not disclosed sooner. With a federal probe looking into whether Uber Technologies broke U.S. bribery laws, the ride services company has begun reviewing… Read More ›
Chinese logistics and delivery firm Best slashes IPO expectations, raises $450 million
With lackluster performance of shares post IPO, offerings from Chinese firms have investors on their guard. With tepid investor demand, Chinese logistics firm, Best Inc, priced its U.S. initial public offering (IPO) at the bottom of expectations and in the… Read More ›
China Should Open Up Markets Like It Says It Will, European Group Urges The Second Largest Economy
The European Union Chamber of Commerce in China warned that China needs to make good on its own repeated calls to open up its markets, or face consequences. With President Xi Jinping making speeches on openness and globalization, China has publicly avowed to do… Read More ›
How The German Elections Could Determine Europe’s Destiny
A result being described one which could seal the continent’s fate in terms of ever closer political and economic union, Angela Merkel is likely to be re-elected as Germany’s chancellor for a fourth term in an election next Sunday. With… Read More ›
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