Author Archives

• Travis Kalanick, Uber’s CEO takes undefined leave of absence midst sweeping financial & management reforms

  By admin1 on June 14, 2017 • ( 0 )

  

  The scandal-ridden company is on the verge of turning a new leaf. It would be interesting to see how this change of management will impact its case with Waymo. On Tuesday, Travis Kalanick, Uber Technologies Inc’s CEO told employees he… Read More ›

• Lowering credit standards contributing to increased losses of credit card businesses by banks

  By admin1 on June 14, 2017 • ( 0 )

  

  Reduced vigil and lowering of standards of credit card businesses by banks, have contributed to mounting losses. On Tuesday, at an industry conference, the head of JPMorgan Chase & Co’s consumer business disclosed that losses in the bank’s credit card… Read More ›

• Boeing strategically restructures itself to better tap growing opportunities

  By admin1 on June 14, 2017 • ( 0 )

  

  The move is in anticipation of heightened defence related orders from the U.S. and its allies. In efforts aimed at making its businesses more responsive to customers, on Tuesday, Boeing Co stated it would be restructuring its defense, space and… Read More ›

• GE wins antitrust approval from U.S. Justice Department for its acquisition of Baker Hughes

  By admin1 on June 13, 2017 • ( 0 )

  

  GE had already received the EU’s nod for this deal, it has now won the U.S. Justice Department’s approval as well. On Monday, the U.S. Justice Department disclosed that it has given the go ahead to General Electric Co acquisition… Read More ›

• VW in talks with LG Chem for supplying batteries for its Modular Electric Drive project

  By admin1 on June 13, 2017 • ( 0 )

  

  LG Chem has denied media reports of having signed such a deal and has declined to comment on such rumours. South Korean battery maker LG Chem Ltd has denied media reports of having signed a $6.20 billion (7 trillion won)… Read More ›

• U.S Treasury unveils reforms to loosen regulatory scrutiny of large financial institutions

  By admin1 on June 13, 2017 • ( 0 )

  

  By routing these ‘financial reforms’ through regulatory agencies rather than the U.S. Congress, the Trump Administration is loosening the regulatory scrutiny that was placed on big banks following the 2007-2009 financial crisis. With the U.S. Treasury Department unveiling sweeping reforms… Read More ›

• Volkswagen looking at hiring Karl-Thomas Neumann – Opel’s CEO

  By admin1 on June 12, 2017 • ( 0 )

  

  VW could place Neumann at the helm of Audi. As per a source familiar with the matter at hand, following a media report that Opel’s CEO will quit his job, Volkswagen may possibly hire him to lead its Audi brand…. Read More ›

• The fate of Travis Kalanick, Uber’s CEO, hangs in the balance as Uber’s board considers key policy changes

  By admin1 on June 12, 2017 • ( 0 )

  

  Kalanick could do with a vacation.   As per a source familiar with the matter at hand, on Sunday Uber Technologies’ board discussed the temporary stepping away of Travis Kalanick, its Chief Executive, as the embattled ride-hailing company considers significant… Read More ›

• German grocery stores Aldi to $3.4 billion in the U.S. economy, create 25,000 U.S. jobs

  By admin1 on June 12, 2017 • ( 0 )

  

  Wal-Mart will increasingly face the heat from its German rivals, Aldi and Lidl. On Sunday, in a move that will most likely raise the stakes for its U.S. rivals in a price war, German grocery chain Aldi disclosed it would… Read More ›

• Matt Zames JPMorgan Chase’s CIO retires from the bank

  By admin1 on June 9, 2017 • ( 0 )

  

  Zames was the leading contender for replacing Jamie Dimon,61, at the helm of the bank. On Thursday, JPMorgan Chase & Co disclosed Matt Zames, its Chief Operating Officer who was once seen as a successor to Jamie Dimon, its CEO,… Read More ›