Author Archives

• British supermarket store proposes to acquire Walmart’s Asda for $10 billion

  By admin1 on April 30, 2018 • ( 0 )

  

  The potential merger, a stock and cash deal, between Britain’s second and third biggest retail groups has cost synergies of at least 500 million. In a significant development, Britain’s Sainsbury has agreed to acquire Walmart’s Asda for around $10 billion… Read More ›

• Hungary and Poland are challenges which will be met: European Commission

  By admin1 on April 30, 2018 • ( 0 )

  

  Here is how Jean Claude Junker is striving to bridge unity in diversity within the European Union. Next week, the European Union is set to deploy a new financial tool in am attempt to reign in what it sees as… Read More ›

• Australia’s largest listed wealth manager staring at class action lawsuit

  By admin1 on April 30, 2018 • ( 0 )

  

  Its Chairwoman and legal counsel have resigned with immediate effect. Analysts expect more heads to roll in the coming weeks. On Monday, following damaging revelation of inappropriate behavior at AMP, Australia’s largest-listed wealth manager, Catherine Brenner, its chairwoman and Brian… Read More ›

• Marathon Petroleum Corp proposes to buy Andeavor for more than $20 billion

  By admin1 on April 30, 2018 • ( 0 )

  

  The potential deal is expected to produce $1 billion in synergies. As per a Wall Street Journal report, Marathon Petroleum Corp, a U.S. refiner has proposed to acquire its peer Andeavor for more than $20 billion in a cash-and-stock deal… Read More ›

• Midst Elliot Management pressure Hyundai Motor cancels treasury shares worth $890 million

  By admin1 on April 27, 2018 • ( 0 )

  

  The measure is part of a wider scheme to boost shartholder’s returns. On Friday, in a development that marks its first share cancellation in fourteen years, Hyundai Motor stated it plans on canceling treasury shares worth $890 million (960 billion… Read More ›

• Southwest Airlines orders 40 Boeing 737 MAX 8 worth $4.68 billion at list prices

  By admin1 on April 27, 2018 • ( 0 )

  

  Southwest disclosed the info while announcing the results of its first quarter report. Its second quarter results are likely to be affected by the conclusions drawn by investors from the mid-air engine explosion of its 737-700 jet which occurred last… Read More ›

• Amazon signs $130 million deal to stream NFL for two more seasons

  By admin1 on April 27, 2018 • ( 0 )

  

  Amazon is using the Thursday night games as a vehicle to its lucrative Prime club. As per a source familiar with the matter at hand, Amazon.com Inc has agreed to pay $65 million per year to the National Football League… Read More ›

• Deutsche Bank cuts back on investment banking, increases focus on core banking solutions

  By admin1 on April 26, 2018 • ( 0 )

  

  The step marks a significant overhaul of its investment banking business and comes midst its net income of 120 million euros falling way behind analysts’ estimate of 379 million. Following a 79% drop in net profits during the first quarter,… Read More ›

• China weighing options of reducing import duty on automobiles by 10%-15%

  By admin1 on April 26, 2018 • ( 0 )

  

  If China goes ahead with the move, it would help foreign automakers to export more cars into China and help reduce price gaps. On Thursday, Bloomberg has filed a report citing sources familiar with the matter at hand as saying,… Read More ›

• Bain Capital aims to raise $4 billion with new Asia-focussed fund

  By admin1 on April 26, 2018 • ( 0 )

  

  Going by disclosures made by one of Bain Capital’s partners – the Pennsylvania Public School Employees’ Retirement System – by the end of 2016, Bain Capital’s second pan-Asia fund which raised $2.3 billion in 2012, reported an internal rate of… Read More ›