Author Archives

• Peter Peterson, Blackstone Group LP’s co-founder dies at 91

  By admin1 on March 21, 2018 • ( 0 )

  

  Peter Peterson along with Stephen Schwarzman co-founded Blackstone in 1985 with a starting capital of $200,000. Peter Peterson, the billionaire Wall Street financier who served as U.S. President Richard Nixon’s commerce secretary and went on to co-found the Blackstone Group… Read More ›

• German state authorities expand VW’s diesel emission scandal scrutiny with market manipulation angle

  By admin1 on March 21, 2018 • ( 0 )

  

  Authorities have already raided 13 offices in VW’s headquarters and have seized documents and electronic files from its computers. WirtschaftsWoche, a German Magazine has reported citing a spokesman from the state prosecutors office as saying, they have started fresh enquiries… Read More ›

• MGM Holdings Inc to replace its CEO Gary Barber

  By admin1 on March 20, 2018 • ( 0 )

  

  MGM Holdings has yet to cite a reason for terminating its CEO five year contract. MGM Holdings Inc stated, it has begun a search for a new CEO and will replace its current Chief Executive Gary Barber. The move comes… Read More ›

• U.S. Defense contractor CACI International Inc offers to merge with peer CSRA Inc

  By admin1 on March 19, 2018 • ( 0 )

  

  The net run-rate cost synergies in CACI’s offer beats that CRSA’s deal with General Dynamics. In a move aimed at disrupting General Dynamics Corp acquisition of CSRA Inc, a large U.S. defense contractor, its peer CACI International Inc stated it… Read More ›

• The U.S. National Highway Traffic Safety Administration opens second probe against Hyundai Motor and Kia Motors

  By admin1 on March 19, 2018 • ( 0 )

  

  The investigations revolves around the deployment of airbags in the 2011 Hyundai Sonata and 2012-2013 Kia Forte models. On Monday, Hyundai Motor’s share tread a downward slope following the opening of a probe by a U.S. regulator after some of… Read More ›

• Australia and ASEAN to establish regional infrastructure pipeline

  By admin1 on March 19, 2018 • ( 0 )

  

  The development is aimed at boosting high quality infrastructure projects in the region. In a strategic development aimed at countering China’s growing influence in the region, Julie Bishop, Australia’s Foreign Minister stated the Association of Southeast Asian Nations (ASEAN) and… Read More ›

• Trevor Edwards resigns as Nike’s president

  By admin1 on March 16, 2018 • ( 0 )

  

  Trevor Edwards will advise Mark Parker, Nike’s CEO until his retirement in August 2018. A spokeswoman for Nike Inc stated, its brand President Trevor Edwards has resigned and is set to retire in August 2018. The Wall Street Journal had… Read More ›

• 5th U.S. Circuit Court of Appeals strikes down fiduciary rule

  By admin1 on March 16, 2018 • ( 0 )

  

  This is the second instance wherein systemic changes brought in by former President Barrack Obama in the wake of the 2007-2009 financial crisis is being dismantled. In a landmark judgment, a federal appeals court has struck down the U.S. Department… Read More ›

• U.S. Chamber of Commerce warns against imposition of unilateral tariffs

  By admin1 on March 16, 2018 • ( 0 )

  

  The President of the U.S. Chamber of Commerce has warned that while the Trump Administration was right on it’s focus on China’s industrial policies and unfair trade practices which unfairly impacts the U.S. economy, the current tariffs approach will do… Read More ›

• Banks across the Eurozone gets reprieve from ECB’s bad loan guidelines

  By admin1 on March 16, 2018 • ( 0 )

  

  Saddled with 750 billions euros in sour loans, ECB’s guidelines had wanted banks to hike up their provisions against these non-performing assets. On Thursday, the European Central Bank stated although its guidelines on the treatment of non- performing assets of… Read More ›