Author Archives

• Panama’s Attorney General raids Mossack Fonseca’s office in Panama

  By admin1 on April 13, 2016 • ( 0 )

  

  The raid by the Panamanian police is supposedly looking for evidence of illegal activities by the law firm. Late on Tuesday, Panama’s Attorney General has raided the offices of Mossack Fonseca, a law firm, in search for evidence of illegal… Read More ›

• European Commission to give verdict on AB-InBev’s acquisition of SABMiller by May 24

  By admin1 on April 13, 2016 • ( 0 )

  

  AB-InBev is pushing for this acquisition of SABMiller since it will allow it to expand its footprint in the crucial markets of Africa, Peru and Columbia. In order to secure the approval from the European Commission, the equivalent of antitrust… Read More ›

• Alcoa posts lower profits for first quarter of 2016

  By admin1 on April 13, 2016 • ( 0 )

  

  The company is set to split in the second half of this year. Alcoa Inc., a company which deals in metals, has reported a lower quarterly profit thanks to low commodity prices. Plant closures and disinvestments along with a strong… Read More ›

• Texas Attorney General charged with securities scam by the SEC

  By admin1 on April 12, 2016 • ( 0 )

  

  Texas Attorney General Ken Paxton has been indicted by a Texas state grand Jury in 2014. In a significant development, U.S. regulators have charged Texas Attorney General Ken Paxton on charges of defrauding investors in a stock scam revolving around… Read More ›

• Starwood and Marriott Hotels merger to create the biggest hotel company in the world

  By admin1 on April 12, 2016 • ( 0 )

  

  The estimated time for closure for this merger is mid-2016. With the shareholders of Marriott International Inc. and Starwood Hotels & Resorts Worldwide Inc. approving their merger, has resulted in the combined entity becoming the biggest hotel company in the… Read More ›

• Goldman Sachs settles Justice Department probe

  By admin1 on April 12, 2016 • ( 0 )

  

  This is a major victory for New York Attorney General Eric Schneiderman. The U.S. Department of Justice has disclosed that the Goldman Sachs Group Inc., has now agreed to shell out $5.06 billion in settlement claims for having misled mortgage… Read More ›

• Halliburton Baker Hughes deal under European Commission lens

  By admin1 on April 12, 2016 • ( 0 )

  

  Last week the DOJ has filed a lawsuit to stop the merger as the resultant would leave only two dominant companies in the global well drilling and oil industry construction services industry. The equivalent of antitrust regulators in the European… Read More ›

• Currency fluctuations eating into U.S. MNC’s earnings, FIREapps

  By admin1 on April 12, 2016 • ( 0 )

  

  FIREapps, a risk consultancy firm, has filed a report on the impact that currency fluctuations have had on U.S. MNCs In a report prepared by FIREapps, fluctuations in exchange rates during the last quarter of 2015 had the biggest negative… Read More ›

• David Cameron, Britain’s Prime Minister admits to having had stake in offshore trust

  By admin1 on April 8, 2016 • ( 0 )

  

  Iceland’s President has already resigned following the leak now dubbed as the ‘Panama Papers’. There is increasing pressure on Britain’s Prime Minister to come clean. During a TV interview, yesterday, British Prime Minister David Cameron acknowledged that he once had… Read More ›

• Hutchison ready to sell 30% of its capacity to soothe regulatory concerns

  By admin1 on April 8, 2016 • ( 0 )

  

  This M&A will be a litmus test for Margrethe Vestager, the European version of an antitrust commissioner. As per multiple sources familiar with the matter at hand, CK Hutchison Holdings has struck a network-sharing deal with Virgin Media and Sky… Read More ›