Author Archives

• Investors sue Chesapeake Energy Corp for rigging oil and natural gas leases

  By admin1 on July 20, 2016 • ( 0 )

  

  Tom Ward, the former CEO of SandRidge has also been sued. This lawsuit could potentially impact his new venture – Tapstone Energy. Investors who had erstwhile sold natural gas and oil land leases to now bankrupt SandRidge Energy Corp and… Read More ›

• General Electric to invest $500 million in 2016 in industrial IoT

  By admin1 on July 20, 2016 • ( 0 )

  

  GE plans on capitalizing on IoT for improved industrial efficiency. According to an executive from General Electric, the company is set to make a savings of $500 million in 2016 by using industrial internet applications. During a press conference in… Read More ›

• Low interest rates and FAS 91 lower BofA’s profitability

  By admin1 on July 19, 2016 • ( 0 )

  

  U.S. bank earnings are under pressure from a low interest regime. With its lending business failing to offset the impact of consistent low interest rates Bank of America Corp has reported a drop of 19% in its second quarter profits,… Read More ›

• Yahoo reports loss after Tumblr write-off

  By admin1 on July 19, 2016 • ( 0 )

  

  Revenues from searches, which is a key factor, to its core business have slid by 17%. Potential bidders are likely to bid lower than Yahoo’s actual worth. In a significant development for Yahoo Inc., its latest quarterly results have fallen… Read More ›

• NY, Massachusetts and Maryland plan on suing VW

  By admin1 on July 19, 2016 • ( 0 )

  

  Despite having reached a partial settlement earlier last month, of which these three states were a part, they have again filed fresh lawsuits. Despite of having announced settlements plans with embattled auto manufacturer in June, three U.S. states plan on… Read More ›

• Softbank set to acquire ARM Holdgins PLC for $32 billion

  By admin1 on July 18, 2016 • ( 0 )

  

  If the deal goes through, it will mean Softbank paying a premium of more than 40% over Friday’s closing rate of the pound at 11.89. Softbank will pay 17 pounds in cash for each ARM Holdings’ shares. According to a… Read More ›

• Most CFOs of big British companies expect significant slowdown in the British economy

  By admin1 on July 18, 2016 • ( 0 )

  

  Capital expenditures and the rate of hiring are set to slowdown in the wake of Britain choosing to leave the European Union. According to a survey done on Britain’s biggest companies, their future is beset by doubts over Britain choosing… Read More ›

• In the wake of Brexit ECB’s Draghi urges increased government spending

  By admin1 on July 18, 2016 • ( 0 )

  

  With high unemployment in the Eurozone, especially EU countries must significantly boost their individual government spending which is likely to mitigate the risks of resentment towards the EU project. Mario Draghi, the European Central Bank’s President is likely to plead… Read More ›

• Xerox rejects RR Donnelley’s bid

  By admin1 on July 15, 2016 • ( 0 )

  

  This only provides room for more potential bidders. According to the Wall Street Journal, Xerox Corps has rejected RR Donnelley & Sons Co’s bid to merge its document business with their financial printing. Ever since Xerox announced its plans to… Read More ›

• Samsung strategically invests in BYD

  By admin1 on July 15, 2016 • ( 0 )

  

  The quantum of investment has yet to be known. The deal could boost the revenues of its affiliate Samsung SDI. Samsung Electronics, the South Korean electronics giant has disclosed that it has agreed to acquire a stake in BYD, a… Read More ›