Author Archives
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Whistle blower’s allegations against Raytheon does not stand scrutiny
The whistle blower had amended his allegations 5 times. He wanted to amend it once more. The judge dismissed the allegations saying they were did not lack substance and were too generalistic. In a major development, defence giant Raytheon Co… Read More ›
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Volvo shares engine technology with its Chinese parent
With this development, the Volvo brand will get diluted even further. As per sources familiar with the matter at hand, Sweden’s Volvo Cars, which incidentally is a unit of Zhejiang Geely Holding Group, has agreed to provide its engines for… Read More ›
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Toyota Motor Corp to set up auto assembly plant in US in joint collaboration with Mazda
Toyota’s fuel efficient sedans and SUVs caters to design-conscious consumers in the US. As per a sourced briefed with the matter at hand, Toyota Motor Corp and Mazda Motor Corp are set to collaborate on developing a $1.6 billion U.S… Read More ›
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Exxon likely to expand its crude oil processing refinery in Beaumont, Texas
Given the U.S Administration’s leaning on fossil fuel Exxon it would not be surprising if Exxon were to go ahead with this capacity expansion. A spokeswoman for ExxonMobil Corp has stated the oil giant is weighing its options whether to… Read More ›
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PricewaterhouseCoopers to pay $1 million to settle Merrill Lynch’s audit allegations
Bank of America Merrill Lynch had complained that the audit and accountancy firm had failed to do its due diligence. The Public Company Accounting Oversight Board (PCAOB) has disclosed PricewaterhouseCoopers LLP is will settle a civil complaint alleging that it… Read More ›
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U.S.-India bonhomie to be the engine for mutually beneficial growth
Unlike Trump’s outbursts against leaders from Australia and Germany, the Indian Prime Minister was received well. A newly created chamber will now target growth mutually beneficial areas of growth, including, startups, education and innovation. Following Indian Prime Minister Nadrendra Modi’s… Read More ›
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German automakers and lawmakers convene to mitigate pollution
With France and Britain deciding to eventually ban all petrol and diesel vehicles, pressure is building on Germany’s top exporters to tackle long standing issues related to the release of pollutants in the atmosphere. Car executives are set to meet… Read More ›
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Barclays expands its footprint in Dublin ahead of Brexit
Barclays is not the only bank to take this strategic decision, ahead of Brexit; Bank of America Merrill Lynch and JP Morgan Chase is also taking steps to safeguard access to service their European clients. Ahead of impending impacts arising… Read More ›
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Offshore wind energy making slow inroads in the U.S.
While most companies acknowledge that this theirs is a long term game, in Europe however former oil companies are embracing change and are harvesting key technological experience and expertise in this maturing market. In a significant development that could potentially… Read More ›
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Vantiv receives extension for placing final bid for UK-based Worldpay
One of the sticky points holding back the negotiations is the location of the combined company. While Worldpay is pushing London as the location for the HQ, the terms of Brexit are likely to play a key role in deciding… Read More ›
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