Author Archives
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Bass Pro led consortium in the lead to acquire Cabela’s
If Bass Pro were to acquire Cabela’s it would necessarily draw antitrust scrutiny. According to sources who are familiar with the matter at hand, a consortium of Bass Pro Shops, Capital One Financial Corp and Goldman Sachs Group Inc’s private… Read More ›
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Sumner Redstone sees potential in Viacom CBS merger
National Amusements, Viacom’s controlling stakeholder, is gunning for the deal. Incidentally, Viacom and CBS split 10 years ago. National Amusements, the company which has a controlling stake in Viacom, has stated that the merger of Viacom Inc. and CBS Corp… Read More ›
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Sharp to invest $567.81 million in OLED business
Leading vehicle manufacturers across the world are racing to transform transportation technology with increased usage of electronics and displays. With this investment, Sharp is gearing up to tap this explosive growth. In a strategic move, Japan’s Sharp has stated that… Read More ›
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Former BlackRock employee charged with insider trading by Britain’s FCA
In an e-mailed statement BlackRock has clarified that the charges do not impact its clients or its operations since the charges are against Mark Lyttleton, in his personal capacity. Britain’s market regulator has charged Mark Lyttleton, a former fund manager… Read More ›
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Billionaire investor Icahn reduces his exposure to the oil and gas industry
Although he has termed the move as one required for tax planning, fact is the oil industry has been in the doldrums since a while now but with OPEC trying to reign in prices, the prospects of oil production reaching… Read More ›
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Financial institutions and banks from Britain can now easily relocate to France
Existing banks and financial institutions in the EU, can easily relocate to France since their existing legal documents in English are now acceptable for registration in France. There is no need for translating them in French. With Brexit taking its… Read More ›
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EU seeks to tighten the exports of dual use technologies and goods
Having identified loopholes in the current export norms the Commission is trying to plug them while tightening them even further so that they aren’t misused in the hands of extremists and rogue governments. So as to reign in human rights… Read More ›
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Uber eyes long-haul trucking with its strategic acquisition of Otto
Uber’s stated goal of transforming the long-haul trucking industry by replacing brokers could face stiff resistance from existing players as well as fresh startups. Uber’s acquisition of Otto, a self-driving truck startup, has opened the doors for it to tap… Read More ›
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German car manufacturers surge ahead to create 5G standards for IoT dependent next gen vehicles
In an strategically important development that will define the 5G standard, Germany’s top car manufacturers have joined hands with major telecom network equipment manufacturers to create and set the upcoming 5G standard which will be extensively used in tomorrow’s self-driven… Read More ›
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Cisco unveils $4 billion expansion plan into Mexico
This fresh investment is likely to boost Cisco’s margins as input costs are lower in Mexico. The Mexican government has disclosed that U.S. networking giant, Cisco Systems, plans on investing $4 billion in Mexico over the period of 2 years… Read More ›
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