Author Archives
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Apple to stop reporting key performance metric
Although Apple will now provide investors and analysts cost-of-sales data for its product businesses and its services business, they will not be in a position to know the margin mix within Apple’s services businesses. With Apple Inc saying it will… Read More ›
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General Motors Co commences cost cutting exercise
As part of the cost cutting exercise, GM, the biggest automaker in the United States, has stopped work on 2 renovation projects and has also offered severance pay to 18,000 of its 50,000 salaried workers across North America. According to… Read More ›
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Carl Icahn sues Dell Technologies over its IPO plans
No stranger to lawsuits, activist investor Carl Icahn has taken the legal route to stop Dell from going ahead with its IPO saying the deal does not value DVMT stockholders. In a strategic development, activist investor Carl Icahn has sued… Read More ›
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Jaguar Land Rover announces opening of new technical office in Hungary in 2019
JLR’s new technical engineering office in Hungary will close collaboration of Hungarian engineers with their British peers; the new office is also aimed at aligning JLR’s supply chain across central central and eastern Europe. On Friday, Britain’s biggest carmaker, Jaguar… Read More ›
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BMW expands its car sharing service to more boroughs across London
BMW is expanding its DriveNow service to nine more boroughs across London; as a result its total fleet size is also increasing to 720 BMW and Mini cars in London. Wit BMW overcoming some of its barriers to operating across… Read More ›
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Activist investor Hudson Executive Capital LP takes 3.1% stake in Deutsche Bank
Hudson Executive Capital LP led by former JPMorgan Chase’s CFO Douglas Braunstein feels that Deutsche Bank is “misunderstood and undervalued”. On Thursday, as per a report from the Wall Street Journal, New York-based hedge fund Hudson Executive Capital LP has… Read More ›
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Vietnam’s Vietjet Aviation to purchase 50 A321neo from Airbus in a $6.5 billion deal
The deal was finalized during French Prime Minister Edouard Philippe’s visit to Hanoi. According to sources familiar with the matter at hand, Vietjet Aviation, a budget air carrier that is growing rapidly, is set to finalize a $6.5 billion jet… Read More ›
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Brexit negotiators close to hammering out a deal on financial services
A financial deal is crucial for Britain given that the city of London, which has been a critical artery for the flow of money around the world for centuries, is the world’s largest centre of international finance. As per a… Read More ›
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Justice Department indictment shows Chinese intelligence officers wanting to steal U.S jet engine design
This indictment unsealed by the U.S. Justice Department de-hazes to some extent the stance the Trump Administration has taken vis-a-vis China and its accusations of violating U.S. intellectual property. A U.S. indictment unsealed on Tuesday reveals that intelligence officers from… Read More ›
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U.S. to become “undisputed leader” for oil and gas in the next 5-10 years
Armed with improved recovery rates, innovative technology and financing, the U.S. has overtaken Saudi Arabia in crude oil production in September 2018 and is within reach of the world’s no. 1 crude oil producer – Russia. In a strategic development,… Read More ›
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