Author Archives

• Visa’s Charles Scharf passes on the reins to Alfred Kelly

  By admin1 on October 18, 2016 • ( 0 )

  

  Kelly is likely to focus on tighter integration of the company’s operations in the U.S., Europe and China. Visa Inc. has disclosed that its CEO, Charles Scharf, will be stepping down and will be succeeded by Alfred Kelly. Scharf was… Read More ›

• Hyundai Merchant Marine likely to bid for Hanjin Shipping’s Asia-U.S. route’s assets

  By admin1 on October 18, 2016 • ( 0 )

  

  As per government sources, the South Korean government could lend Hyundai Merchant Marine a helping hand if it were to bid for Hanjin Shipping’s assets. Hanjin Shipping Co Ltd may receive a lifeline from Hyundai Merchant Marine Co Ltd. The… Read More ›

• ZTO’s IPO to hit U.S. later this month

  By admin1 on October 17, 2016 • ( 0 )

  

  The ZTO IPO will is likely to overshadow Alibaba Group Holdings 2014 IPO. Alibaba Group Holding’s splash in the e-commerce IPO market is set to be dwarfed by ZTO Express, a Chinese Logistics company which is set to launch the… Read More ›

• Samsung starts manufacturing Snapdragon 830 chips using 10mn production technology

  By admin1 on October 17, 2016 • ( 0 )

  

  Eager to put the Galaxy Note 7 fiasco behind, Samsung is streaming ahead with the mass fabrication of its next-gen chip which will be the heart of its next flagship. In an industry first, South Korean electronics tech giant, Samsung… Read More ›

• Airbus to beat Boeing in aircraft deliveries by 2020 – Airbus CEO

  By admin1 on October 17, 2016 • ( 0 )

  

  Airbus plans on ramping up the deliveries of the A320Neo narrowbody and the A350 widebody while maintain its order lead from Boeing. A German newspaper has reported citing an interview given by Airbus’s CEO Fabrice Bregier that the European airplane… Read More ›

• Yahoo’s non-disclosure of hack is material enough to derail its acquisition – Verizon’s

  By admin1 on October 14, 2016 • ( 0 )

  

  Yahoo has not made public the timeline for the hack despite several shoves to do so by senators. Furthermore, although it has pointed at a state-actor for the incident, private cyber security experts have frowned on these assertions. It would… Read More ›

• PepsiCo close to acquiring probiotic drink maker KeVita for under $500 million

  By admin1 on October 14, 2016 • ( 0 )

  

  The acquisition will help expand PepsiCo foothold in the beverage industry. KeVita’s products include sparkling probiotics, master brew kombucha tea, and vinegar tonics. According to sources familiar with the matter at hand, PepsiCo Inc. is closing to acquiring KeVita Inc.,… Read More ›

• SoftBank partners with Saudi Arabia to create world’s biggest $100 billion tech fund

  By admin1 on October 14, 2016 • ( 0 )

  

  With this strategic fund Saudi Arabia plans to diversify its economy and wean it away from an oil-based economy. Japan’s SoftBank Group and Saudi Arabia have collaborated in an effort to create the world’s largest private equity fund which could… Read More ›

• Moonves will need complete autonomy for running Viacom and CBS – Gabelli

  By admin1 on October 13, 2016 • ( 0 )

  

  If both companies are to be merged with Leslie Moonves at the helm, he will have to be given complete autonomy, opined Mario Gabelli, the second biggest investor with voting rights in both Viacom and CBS. Mario Gabelli, the second… Read More ›

• Hanjin Shipping Asia-U.S. operations to be put up for sale tomorrow

  By admin1 on October 13, 2016 • ( 0 )

  

  Creditors have lined up to buy the shipper’s assets related to Asia-U.S. operations. A spokesman for the South Korean court overseeing Hanjin Shipping Co’s receivership process has disclosed that the shipper’s Asia-U.S. operations is likely to be put up for… Read More ›