Author Archives
-
Here’s why revisiting NAFTA and Trump’s “Buy American” agenda is likely to benefit Amazon.com
Amazon.com’s strategy fits snugly into Donald Trump’s vision of “Buy American” In a significant development, Amazon.com Inc, the world’s biggest online retailer, is preparing to unveil a 1 million square-foot warehouse near Mexico City in order to capture Mexico’s nascent… Read More ›
-
Apple could make history as the first listed company to hit the $1 trillion market cap milestone
If you are wondering why Apple’s share has been the darling of investors, including Warren Buffet, this is an eye opener and makes a fascinating read. On the day Apple launched its newest flagship, the value of its stock price… Read More ›
-
Brian Acton, co-founder of WhatsApp will be leaving Facebook
Acton co-founded WhatsApp with Ukrainian immigrant Jan Koum in 2009. The company was acquired by FB in 2014 for $19 billion. Facebook announced in a post that Brian Acton, who co-founded WhatsApp, will be leaving the messaging service company in… Read More ›
-
Malaysia Airlines places orders for 16 passenger aircrafts from Boeing
The purchase announcement was timed with Malaysian Prime Minister Najib Razak’s meeting U.S. President Donald Trump at the White House. On Wednesday Boeing stated it has signed a memorandum of understanding (MOU) with Malaysia Airlines to sell eight widebody 787… Read More ›
-
BlackRock rejigs its human resources to streamline revenue sources
The move introduces some fresh blood in its top management. According to an internal memo from BlackRock Inc, the world’s largest asset manager, it has reshuffled its top regional management and has placed new new leadership at the head of… Read More ›
-
Allergan Plc’s deal with a Native American tribe could potentially face scrutiny from U.S. Congress
In a huge blow to generic drug makers, Allergan Plc has transferred its parent rights to a Native American tribe, which is treated as a sovereign nation in U.S. law, in order to shield its patents from civil lawsuits. In… Read More ›
-
Bain Capital led consortium in the lead for Toshiba’s chip business: sources
Fears that Western Digital might take over control of Toshiba’s chip business led to it being dropped as the preferred bidder, said sources. According to two sources briefed on the matter at hand, Toshiba Corp favors a consortium led by… Read More ›
-
Insurance premium for properties in Florida and Texas likely to rise: Hiscox Ltd
The combined loss of insurance from both hurricanes is in the range of $45 billion to $75 billion. According to Hiscox Ltd, the underwriter for Lloyd’s of London, insurance premium for properties are likely to move upwards in states such… Read More ›
-
Britain to unconditionally commit to security cooperation within Europe
A document which details Britain’s future commitments, including security, with EU has been released by the British government. In a development of far reaching consequences, Britain has stated it was unconditionally committed to the security situation in Europe. These disclosures… Read More ›
-
Rescue workers congregate to help restore power in Florida
With electric utilities being severely affected by hurricane Irma, rescue workers, including some from far away California, are chipping in to restore power. More than million people have been affected by power cuts in Florida. As per local electric utilities,… Read More ›