Author Archives
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Tentative compromise in sight in Nestle’s row with EU retailers
6 EU retailers are said to have reached a tentative compromise deal with Nestle. On Tuesday, Swiss news daily Frankfurter Allgemeine Zeitung stated, Nestle and Edeka, a German grocer, are negotiating a new contract having reached a tentative compromise in… Read More ›
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Thousands of jobs created as a result of green energy initiatives in Northeast U.S.: Study
Through the green initiatives, 9 U.S. Northeast States are reducing their carbon footprint and creating thousands of jobs in the clean energy market. As per the results of a study that was released on Tuesday, thousands of jobs have been… Read More ›
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Elon Musk’s Boring Co raises $112.5 million in funding round
Boring Co is aiming to build underground tunnels for Elon Musk’s Hyperloop Project. Boring Co, Elon Musk’s startup which seeks to build underground tunnels for Musk’s hyperloop transportation project, stated it has raised $112.5 million in equity, 90% of which… Read More ›
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Elliott Advisors reveals its 6% stake in Whitbread Plc
Elliott Advisors is a unit of U.S. activist investor Elliot Management. In the second such incident in recent months, a unit of Elliott Management, a U.S. activist hedge fund, stated it now holds the largest stake in British hotel and… Read More ›
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Xerox-Fuji Film merger deal faces flak in amended lawsuit
The amended lawsuit has been filed by Darwin Deason, a Xerox shareholder, who along with activist shareholder Carl Icahn have nearly 15% stake in Xerox. As per a report by the Wall Street Journal, a lawsuit has been filed alleging… Read More ›
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ECB asks Deutsche Bank to calculate exit cost of its investment banking business
The move is aimed at gauging the risks of Deutsche Bank’s abrupt exit from its investment banking business. As per a source, Germany’s biggest lender, Deutsche Bank has been asked by the European Central Bank to calculate the potential costs… Read More ›
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With $6.32 trillion AUM, BlackRock’s 1st quarter report stuns analysts’ estimates
BlackRock, the world’s biggest asset manager, piled up cash thanks to increased volatility in global markets. On Thursday, New-York-based BlackRock Inc, the world’s biggest asset manager, reported a rise of its net income to $1.09 billion as its first quarter… Read More ›
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Uk-based Playtech acquires 70.6% stake Snaitech for $1.05 billion
In a strategic shift the UK-based gambling company is aiming to relocate the sources of its revenues from regulated markets in the wake of increased headwinds from lawmakers in its home market. On Thursday, Playtech, a British gambling technology company… Read More ›
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South Korea to complete due diligence on GM by early May
As per state-funded Korea Development Bank, General Motors is cooperating with its due diligence efforts and more documents more are streaming in. On Thursday, South Korea stated it expects to complete its due diligence on General Motors Co’s local subsidiary… Read More ›
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15 U.S. companies have reduced their tax liabilities to negative tax rates in 2017
Here is a very interesting report by the Institute on Taxation and Economic Policy that is an eye opener on the ways Fortune 500 companies in the U.S. are routinely taking advantage of the U.S. tax code to boost their… Read More ›
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