Author Archives
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Exxon negotiating with Chad over exemplary fine of $74 billion
Exxon has appealed against the ruling and is in the process of negotiating an exit package. Bloomberg has reported citing a lawyer for Exxon stating that the company is in negotiations with Chad over a record $74 billion fine imposed… Read More ›
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European Commission clears Abbott’s $25 billion acquisition of St. Jude Medical Inc.
The merger in this sector only goes to underline the pressures felt by medical equipment manufacturers to increase the depth and width of their product basket and make them readily accessible to hospitals. According to source familiar with the matter… Read More ›
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British government lacks strategic planning for Brexit: leaked Memo
While the contents of the memo have been leaked showing a government at odds with itself vis-à-vis Brexit, it would be prudent to be on guard, since this could be part of an overall strategy to make EU negotiators feel… Read More ›
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Siemens consolidates its industrial software capabilities by acquiring Mentor Graphics for $4.5 billion
Siemens expect the deal to lift its EPS within 3 years of this merger. Within 4 years of the closure of this acquisition, Siemens expects its EBIT to jump by $108 million. In a strategic move aimed at strengthening its… Read More ›
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Chinese investment Group in advanced talks to buy IDG
Yet another Chinese group, whose investors have not been identified, is eyeing media assets. The deal could trigger national security concerns and is likely to face increased CFIUS scrutiny. A pioneering technology publishing company and owner of market research firm… Read More ›
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Jaguar to launch its luxurious I-PACE SUV in 2018
It is expected to match if not exceed amenities provided by Tesla’s Model X. The Jaguar is after all a symbol of class. Southern California is certainly not new to tech offerings, but a battery-powered Jaguar SUV is certainly a… Read More ›
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Survey by Chartered Institute of Personnel Development shows business sentiment wallowing at its 4 year low
A tough negotiating stance by the Theresa May’s government will only up the risks of a hard Brexit. If the free-movement of labour, a key concept of the EU, is disagreed upon, business sentiments will dip even further, signalling a hard… Read More ›
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Trump win lifts the USD to its 9-month high
With Donald Trump in the U.S., Britain could cozy up to the U.S. once it triggers Brexit negotiations. Following the surprising win of Donald Trump, the USD has climbed to its 9 month high against a basket of major currencies…. Read More ›
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Transitional deal is key before the starting of Brexit talks – RBS Chairman
Although Britain’s negotiation strategy could revolve around its coveted financial centre, that however could fall flat and be a non-starter if large banks, which form the core of its financial services, were to relocate to other EU states in order… Read More ›
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Valeant Pharmaceuticals International Plc looking to change its name
Wanting to break away from its past image, Valeant has hired a new CEO, has revamped its board of directors, and is looking forward to settling its debt. William Ackman told CNBC that Valeant Pharmaceuticals International Plc, is likely to… Read More ›
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