Author Archives

• Verizon acquires Yahoo for $5 billion

  By admin1 on July 25, 2016 • ( 0 )

  

  The deal is set to be announced before NYSE opens for trading today. According to sources familiar with the matter at hand, Verizon Communications Inc. is set to acquire Yahoo Inc. for about $5 billion. Sources have further revealed that… Read More ›

• Germany’s Allianz seeking closer ties with U.S. based Pimco

  By admin1 on July 25, 2016 • ( 0 )

  

  Pimco is facing a lot of turmoil with a heavy outflow investors and key executives, including its founder. Financial Times has reported citing a top executive at Allianz, a German insurer that the company wants closer ties with Pimco, a… Read More ›

• Scope of insider trading laws to be freshly tested by Preet Bharara’s office

  By admin1 on July 25, 2016 • ( 0 )

  

  This could be a landmark case which sets the scope for insider trading. In what could result in a landmark ruling, a former Wall Street investment banker is set to face off federal prosecutors in a first case of insider… Read More ›

• Syngenta posts lower than expected drop in 1st quarter

  By admin1 on July 22, 2016 • ( 0 )

  

  It expects ChemChina to complete its acquisition by the end of this year. Syngenta has disclosed that it expects ChemChina to close its takeover deal by the end of 2016. Meanwhile it has reported an unexpected drop in lower profits… Read More ›

• Goldman Sachs to launch $5-$8 billion corporate buyout fund

  By admin1 on July 22, 2016 • ( 0 )

  

  This is the first time that Goldman Sachs is raising such funds after the 2008 financial crisis, although the amounts are nearly 5 times smaller. According to a source who is familiar with the matter at hand, the Goldman Sachs… Read More ›

• Thailand wooing BMW to set up battery plant for plug-in hybrid vehicles

  By admin1 on July 22, 2016 • ( 0 )

  

  BMW is already heavily invested in the country with Thailand being its top export hub in the region. As per Thailand’s Industry Minister, BMW is considering setting up a new factory which will manufacture batteries for hybrid vehicles in the… Read More ›

• EU Commission shows lukewarm response to Chinese demands for changes in trade rules

  By admin1 on July 20, 2016 • ( 0 )

  

  China has been struggling with overcapacity, especially in the steel sector. The European Commission has announced that it could change the way it calculates unfair subsidies and dumping in response to China’s demand that it be treated like a normal… Read More ›

• 1st quarter profits have beaten analysts’ expectations – VW

  By admin1 on July 20, 2016 • ( 0 )

  

  Improvement in the European car market has helped the company’s bottom line. Despite being hit by diesel emission scandal, Volkswagen’s first quarter results have beaten analysts’ expectations. Europe’s biggest car manufacturer achieved this admirable feat by strategic cost cutting. Rising… Read More ›

• Unilever set to acquire Dollar Shave Club

  By admin1 on July 20, 2016 • ( 0 )

  

  Although this deal will increase Unilever’s footprint in the personal care product sector, it will also inherit Gillette’s lawsuit against Dollar Shave Club. In a strategic development in the corporate sector, Unilever Plc is all set to acquire Dollar Shave… Read More ›

• United Airlines to spend $2 billion for share buyback program

  By admin1 on July 20, 2016 • ( 0 )

  

  This strategic is aimed at boost investor’s value among other measures adopted by United’s board. United Continental Holdings Inc. has disclosed that it has allocated $2 billion dollars for buying back its shares. The move is the latest attempt by… Read More ›