Peter Peterson along with Stephen Schwarzman co-founded Blackstone in 1985 with a starting capital of $200,000. Peter Peterson, the billionaire Wall Street financier who served as U.S. President Richard Nixon’s commerce secretary and went on to co-found the Blackstone Group… Read More ›
Authorities have already raided 13 offices in VW’s headquarters and have seized documents and electronic files from its computers. WirtschaftsWoche, a German Magazine has reported citing a spokesman from the state prosecutors office as saying, they have started fresh enquiries… Read More ›
A woman was struck and killed on Sunday night by an autonomous car of Uber – which also had an emergency driver at the wheels, on a street in Tempe, Arizona. Uber has cancelled all of its testing of autonomous… Read More ›
Snapchat’s shares have been sent sliding this time by a celebrity – Rihanna. Opposing an offensive ad that was allowed to appear in the social media chat site, Snapchat was taken apart by the singer last week. approximately $800 million… Read More ›
MGM Holdings has yet to cite a reason for terminating its CEO five year contract. MGM Holdings Inc stated, it has begun a search for a new CEO and will replace its current Chief Executive Gary Barber. The move comes… Read More ›
The net run-rate cost synergies in CACI’s offer beats that CRSA’s deal with General Dynamics. In a move aimed at disrupting General Dynamics Corp acquisition of CSRA Inc, a large U.S. defense contractor, its peer CACI International Inc stated it… Read More ›
The investigations revolves around the deployment of airbags in the 2011 Hyundai Sonata and 2012-2013 Kia Forte models. On Monday, Hyundai Motor’s share tread a downward slope following the opening of a probe by a U.S. regulator after some of… Read More ›
The development is aimed at boosting high quality infrastructure projects in the region. In a strategic development aimed at countering China’s growing influence in the region, Julie Bishop, Australia’s Foreign Minister stated the Association of Southeast Asian Nations (ASEAN) and… Read More ›
Trevor Edwards will advise Mark Parker, Nike’s CEO until his retirement in August 2018. A spokeswoman for Nike Inc stated, its brand President Trevor Edwards has resigned and is set to retire in August 2018. The Wall Street Journal had… Read More ›
This is the second instance wherein systemic changes brought in by former President Barrack Obama in the wake of the 2007-2009 financial crisis is being dismantled. In a landmark judgment, a federal appeals court has struck down the U.S. Department… Read More ›
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