Author Archives
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Casino resorts are likely to attract big money in Japan
The global gambling industry’s focus is now on Japan where its potential is skyhigh. Among the forerunning in the race to win gambling licenses are U.S. operators MGM Resorts International and Las Vegas Sands Corp. Melco Resorts & Entertainment Ltd… Read More ›
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Western Digital Corp to settle legal dispute surrounding its $18 billion sale of its flash memory unit to a Bain Capital led consortium
While this will bring much needed closure to the case, Toshiba can now allocate more resources to its other disputes including the potential delisting of its stock from the Tokyo Exchange. According to a Bloomberg report, Western Digital Corp and… Read More ›
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British insurer Aviva lays out dividend plan for shareholders
Analysts have reiterated that Aviva’s bullish goals are within reach and achievable. On Thursday, with British insurer Aviva stating, it expects to generate an extra $4.04 billion (3 billion pounds) in cash over the next 2 years and plans on… Read More ›
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Uber’s non-disclosure of the contents of a letter likely to significantly damage its case against Alphabet’s Waymo
This legal case, between Alphabet Inc’s Waymo and Uber, is likely to set a legal precedence. It is also likely to lead to further complications for its former CEO, Travis Kalanick. In a damning disclosure, one of Uber Technologies’ attorney… Read More ›
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SoftBank Group Corp offers to increase stake in Flipkart
While earlier Flipkart was valued at $11 billion, Softbank’s latest valuation pegs it $9 to 10 billion. Japan’s SoftBank Group Corp has offered to buy an undisclosed stake in Indian e-commerce giant Flipkart, and has valued the company in the… Read More ›
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Nestle deepens its investments in Cuba, lays foundation for $55 million coffee and biscuit factory
Being Nestle third joint venture, this new factory has the potential to double Nestle current turnover of $135 million in the near term. In a significant development, Nestle laid the foundation stone for a $55 million coffee and biscuits factory… Read More ›
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General Motors enters elite sports car segment with the Corvette ZR1
With the ZR1 General Motors has high-end offerings from both ends of the car industry – high performance sports car at one end with self-driving cars at the other. The chief of General Motors Co’s global product development stated that… Read More ›
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China-based Lynk & Co to piggybacking on Volvo to launch its brand of cars
The strategy to gain valuable experience from Volvo’s assembly line before launching its own production in its plant is likely to be a strategic decision taken by Lynk & Co and taps strategic resources – China’s financial clout, the strength… Read More ›
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BlackRock to acquire Citi’s asset management business in Mexico
The deal underscores Mexico’s potential in the asset management market. On Tuesday, the world’s biggest asset manager, BlackRock Inc stated it had agreed to acquire the asset management business of Mexico’s Citibanamex, a subsidiary of Citigroup Inc. The deal underscores… Read More ›
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Advertising giant WPP ads Ford Motor Co to its client roster list
Despite facing strong headwinds this year, Britain’s WPP has managed to retain not only the big names in its client roster but Ford Motor to it as well. On Tuesday, Britain-based WPP, disclosed that Ford Motor Company, one of its… Read More ›
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