A slew of issues and scandals related to privacy breaches and fake news, many are expecting the largest social media company in the world Facebook to report a rare drop in its profits later in the week. According to the… Read More ›
Day: April 23, 2019
US Vegan Meat-Maker Beyond Meat To Launch IPO, Wants Valuation Of $1bn
The US plant-based meat manufacturer Beyond Meat could be valued at over $1bn as it seeks to raise money for expansion in its launch of its initial public offering (IPO). It is expected that the company would offer 8.75 million… Read More ›
Lawsuits from Monsanto’s weedkiller Roundup haunts Bayer
Bayer is likely to face negative investor sentiments on Friday at its AGM on the way its management team handled the $63 billion Monsanto deal. According to two sources familiar with the matter at hand, BlackRock will not support Bayer’s… Read More ›
German prosecutors latch on to bonus payments to suspended VW manager
German regulators are probing why VW made bonus payments to an executive who was suspended following the diesel emission cheating scandal. On Tuesday, in a development that continues to haunt Volkswagen, Europe’s biggest car producer, German prosecutors have begun investigating… Read More ›
Harley Davidson’s Q1 reports surges past analysts’ forecast
Harley Davidson’s earnings per share excluding items for the first quarter was 98 cents against the average analyst forecast of 65 cents per share. Harley Davidson has stuck to its full year forecast. On Tuesday, Harley-Davidson Inc reported that its… Read More ›
Embattled PG&E to expand board to 15 directors
PG&E is facing crushing liabilities following deadly wildfires in 2017 and 2018 which killed dozens of people and destroyed thousands of homes. In a development that resolves a months long battle with activist shareholder BlueMountain Capital Management LLC, California utility… Read More ›
Nissan wants equal capital partnership in alliance with Renault
Renault will have to assuage Nissan’s hurt feelings before it moves ahead with capitalizing on synergies within the alliance. As per a report from Japan;s Nikkei, Nissan Motor Co Ltd will reject a proposal from its French partner Renault SA… Read More ›
South Korea’s Asiana Airlines get support from creditors worth $1.4 billion
The development will alleviate short term liquidity problems for the airlines. Long term issues however will need to be dealt with. Asiana has taken on considerable debt. On Tuesday, South Korea’s finance minister Hong Nam-ki stated, South Korean creditors plan… Read More ›
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