Author Archives

• Sycamore Partners in advanced talks to acquire Staples in a deal potentially worth $6 billion

  By admin1 on June 22, 2017 • ( 0 )

  

  If the deal were to go through, Staples would most likely change its business model – from directly serving customers it would now cater to companies. According to sources familiar with the matter at hand, Sycamore Partners, a private equity… Read More ›

• Toshiba selects Bain-led consortium for its chip manufacturing plant

  By admin1 on June 21, 2017 • ( 0 )

  

  While the chip manufacturing industry is considered by Japan to be of national interest, and Toshiba made active efforts to put the snooping Chinese at bay, sources reveal that SK Hynix, considered close to China, will partly finance the purchase…. Read More ›

• Weakening pound boost British exports

  By admin1 on June 21, 2017 • ( 0 )

  

  Here is a brief summary of the central bank’s assessment of the British economy. On Wednesday, the Bank of England reported that although British consumers are coming under increasing pressure from rising inflation, the weakening sterling was boosting export volumes… Read More ›

• Travis Kalanick resigns as Uber’s Chief Executive

  By admin1 on June 21, 2017 • ( 0 )

  

  While his aggressive and pugnacious style of working defined Uber, things went downhill following an investigation into the company’s management style. Travis Kalanick, co-founder and CEO of Uber Technologies Inc has resigned from the company under pressure from investors over… Read More ›

• There are advantages to remaining within the European customs union

  By admin1 on June 20, 2017 • ( 0 )

  

  The life of Britain’s successful auto industry hangs in the balance. On Tuesday, Britain’s car industry set out its list of Brexit demands to British Prime Minister Theresa May’s government, warning that a return to WTO rules could permanently damage… Read More ›

• EQT’s acquisition of Rice Energy will make the combined company the No. 1 natural gas producer in the U.S.

  By admin1 on June 20, 2017 • ( 0 )

  

  The deal places the combined company ahead of Exxon Mobil Corp. On Monday, EQT Corp, a U.S. oil and gas company disclosed it would be acquiring its peer, Rice Energy for $6.7 billion and create the biggest natural gas producer… Read More ›

• Amazon’s acquisition of Whole Foods Market, the e-commerce giant is positioning itself to battle Wal-Mart

  By admin1 on June 20, 2017 • ( 0 )

  

  The U.S. groceries market just got hotter. Last year, when Wal-Mart Stores Inc acquired its peer Jet.com for $3 billion it created the world’s biggest brick-and-mortar retailer, eclipsing arch rival Amazon. Last Friday, Amazon.com Inc countered the move with its… Read More ›

• U.S. President Donald Trump being investigated for possible obstruction of justice

  By admin1 on June 15, 2017 • ( 0 )

  

  If only the Trump Administration could move past the drama and focus on getting the economy rolling… In a development that potentially has widespread economic concerns, on Wednesday, the Washington Post has reported citing anonymous sources that U.S. President Donald… Read More ›

• Qatar signs $12 billion deal to buy 36 F-15 fighter jets from Boeing

  By admin1 on June 15, 2017 • ( 0 )

  

  U.S. President Donald Trump has accused Qatar of supporting terrorism. Although on the one hand, U.S. President Donald Trump criticised Qatar with supporting terrorism, on Wednesday, Qatar’s Ministry of Defence announced it had signed a $12 billion deal with the… Read More ›

• A ruling on Western Digital’s court injunction is expected by mid-July

  By admin1 on June 15, 2017 • ( 0 )

  

  The sale of Toshiba’s chip business is strategic & pivotal to its survival as a company. This court injunction request, was expected, and adds to the complexity surrounding the troubled company. As per a source familiar with the situation at… Read More ›