Having incurred operating losses over several years in a row, Wal-Mart is looking to cash out but still maintain a foothold in Brazil. As per two sources with direct knowledge of the matter at hand, Wal-Mart Stores Inc is holding… Read More ›
Month: January 2018
Sanofi SA close to acquiring Bioverativ Inc for more than $11.5 billion
France-based pharmaceutical giant, Sanofi SA needs to clinch this deal.The MNC has also obtained the rights to develop and sell a new hemophilia drug in a strategic restructuring of its partnership with Alnylam Pharmaceuticals. As per a report by the… Read More ›
Intentional Slowdown Of Older iPhones Could Be Disabled By Users In Next Software Update: Tim Cook
Apple iPhone users would have the opportunity soon to chose not to be part of the attempt of Apple to intentionally slow down the performance of the smartphone as the company apologizes for the slowdowns of older iPhones. Apple had… Read More ›
French President Macron Says A Bespoke Deal With EU Could Be Possible For Britain
After Brexit is complete, a bespoke deal with the European Union would be possible for Britain to make, French President Emmanuel Macron said on Saturday. Striking such a deal is among the primary aims of British Prime Minister Theresa May…. Read More ›
Amazon’s Second Headquarter Has US Cities Do Virtually Everything To Woo The Company
The race for the hunt of America’s next top Amazon headquarters had seen a list of 238 cities getting reduced to 20. But those who did this scale down, say that the process was “very tough” and everyone showed “tremendous… Read More ›
Nobel Laureate Says Bitcoin Is Likely To ‘Totally Collapse’ Even Though It Might Remain For 100 Years
According to Nobel Prize-winning economist Robert Shiller, it is likely that bitcoin will “totally collapse.” The economists said in a television interview that the case of “tulip mania” that took place in the Netherlands centuries ago is remined to him… Read More ›
Lenovo Group to make one time payment of $400 million
The PCmaker, a unit of Legend Holdings, stated that the payment, related to its U.S. deferred tax assets, would not significantly impact its cash position nor its operations. The Lenovo Group Ltd has disclosed that it expects to make a… Read More ›
Indian FMCG Company Patanjali Could Receive $500 Million Investment From French Firm Louis Vuitton
An investment of about 500 million USD (Rs 3,250 crore) is reportedly being contemplated to be made by French luxury group LVMH Moet Hennessy – Louis Vuitton, in the Indian company Patanjali Ayurveda. “Acharya Balkrishna has said that just as… Read More ›
Profits Warning Issued By Only Listed Funeral U.K. Company, Dignity, Due To Rice War
There is an intensifying price war in the funeral services and this has driven Dignity, the UK’s only publicly listed funeral services company, to announce that its profits for 2018 would decline. This announcement resulted in a the wiping off… Read More ›
IBM Reports Revenue Growth Of 1%, Its First In 22 Consecutive Quarters
The years long loosing streak has been finally broken by IBM. A slim but significant growth in revenues – 1 per cent, was recorded by IBM after making declining in sales for 22 consecutive quarter which is about five and… Read More ›
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