Author Archives

• Brazil’s Petroleo Brasileiro SA receives $68.20M as part of Braskem’s plea agreement: securities filing

  By admin1 on June 11, 2019 • ( 0 )

  

  The total amount recovered by Brazil’s state-controlled oil company so far amounts to nearly 828 million reais, shows the securities filing. According to a securities filing late on Monday, Brazil’s state-controlled oil company Petroleo Brasileiro SA disclosed, it has received… Read More ›

• Lockheed Martin Corp wins $542 million U.S. defense contract

  By admin1 on June 11, 2019 • ( 0 )

  

  The contract is for the modification to the presidential helicopter replacement program. As per a statement from the Pentagon, Lockheed Martin Corp’s Sikorsky Aircraft Corp has been awarded a $542 million U.S. defense contract, which entails a modification to the… Read More ›

• Private equity firm Apollo Global Management LLC acquires Shutterfly for $2.7 billion

  By admin1 on June 11, 2019 • ( 0 )

  

  Shutterfly’s business has become increasingly commoditized and competitive, forcing it to explore a sale. Apollo Global Management LLC, a private equity firm, has agreed to acquire U.S. digital imaging company Shutterfly Inc for $2.7 billion, including the company’s $900 million… Read More ›

• Britain must stop funding fossil fuel projects abroad: lawmakers

  By admin1 on June 10, 2019 • ( 0 )

  

  Not only is such funding not aligned with Britain’s efforts to reduce greenhouse gases and carries risks for taxpayers but also as a result of stricter emission reduction targets, and as renewable energy becomes cheaper, companies could be left with… Read More ›

• European trade vehicle for business with Iran is ready: German Foreign Minister Heiko Maas

  By admin1 on June 10, 2019 • ( 0 )

  

  Instex – the European trade vehicle is a barter system that circumvents U.S. sanctions. On Monday, in a significant development, Germany’s Foreign Minister Heiko Maas stated, all the formal requirements for a European payment system for barter-based trade with Iran… Read More ›

• Ericsson signs license agreements with Intellectual Ventures

  By admin1 on June 10, 2019 • ( 0 )

  

  Following the deal, Ericson expects a negative impact on its operating profit. On Monday, Ericsson disclosed, it expects a negative impact on its operating income in segment Networks in the current quarter following a deal wherein it reached an agreement… Read More ›

• Bipartisan bill introduced to enforce financial compliance on U.S.listed Chinese companies

  By admin1 on June 6, 2019 • ( 0 )

  

  According to the Accounting Oversight Board, it faced headwinds in inspecting the auditing work of 224 U.S.-listed Chinese companies which have a combined market capitalization of $1.8 trillion. In a significant development, a bipartisan group of U.S. lawmakers have introduced… Read More ›

• Pentagon diversifying sourcing of rare earths

  By admin1 on June 6, 2019 • ( 0 )

  

  Pruning the sully of rare earth to the United States is China’s only weapon against the United States in the ongoing U.S.-China trade war. In a significant development that marks a strategic shift in the sourcing of rate earth minerals,… Read More ›

• U.S. to sell weapon systems worth $2 billion to Taiwan

  By admin1 on June 6, 2019 • ( 0 )

  

  In a meeting U.S. Defense Secretary Patrick Shanahan made it clear that Washington will no longer “tiptoe” around China’s aggressive behavior in Asia. According to four sources familiar with the negotiations between the United States and Taiwan, Washington is pursuing… Read More ›

• Goldman Sachs to acquire Capital Vision Services LP for $2.7 billion: sources

  By admin1 on June 4, 2019 • ( 0 )

  

  A Wall Street Journal report had priced the deal at $2.7 billion. Goldman Sachs expects to close the deal by the third quarter of 2019. In a statement, Goldman Sachs Group Inc said West Street Capital Partners VII, a fund… Read More ›