Author Archives

• DOJ drags ValueAct to court for regulatory notification violations

  By admin1 on April 5, 2016 • ( 0 )

  

  ValueAct had settled earlier disputes by paying a penalty of $1.1 million. In this case however, the lawsuit hinges on the definition of “passive” holdings as defined in the Hart-Scott-Rodino (HSR) Act. Citing violations of notification requirements related to Halliburton… Read More ›

• LIFT by Encore becomes Boeing sole supplier for seats

  By admin1 on April 5, 2016 • ( 0 )

  

  The contract covers the current 737 jets as well as the next generation MAX jumbo jets. In a development that has been termed by industry experts as boosting competition, Boeing Co has said it has finalized on a new aircraft… Read More ›

• Governments across the globe to probe information in Panama Papers

  By admin1 on April 5, 2016 • ( 0 )

  

  The Panama Papers come at a time when countries across the globe are facing a financial shortfall. It would be in their interest to recover monies illegal parked in offshore accounts. With the leaking of documents from a Panamanian law… Read More ›

• Tesla’s Model 3 nets $10 billion in advance orders in the first 36 hours

  By admin1 on April 4, 2016 • ( 0 )

  

  For those who are banking on the $7,500 tax credit on EVs, should especially continue to read this article.    

• Financial details of the wealthy and corrupt – leaked

  By admin1 on April 4, 2016 • ( 0 )

  

  Is this another Edward Snowden for financial dealings? In a development that is likely to have serious wide ranged implications, tax authorities in New Zealand and Australia are investigating into a massive data leak from a Panama based law firm… Read More ›

• Blackstone’s aggressive approach on India’s outsourcing nets it first catch MphasiS

  By admin1 on April 4, 2016 • ( 0 )

  

  With the west looking to save precious monies by cutting costs, India’s IT sector is increasingly being tapped. In a deal that marks the Blackstone Group’s biggest investment in India, the world’s biggest asset management company is all set to… Read More ›

• With strategic low key moves Well Fargo grabs headlines

  By admin1 on March 31, 2016 • ( 0 )

  

  Slow consistent growth has helped nurture Wells Fargo into the giant bank it is today. Known for the strength of its retail banking, Wells Fargo has been stealthily making a name for itself in the far west of Midtown Manhattan,… Read More ›

• 36 companies queue up for minority stake in Paramount Pictures

  By admin1 on March 31, 2016 • ( 0 )

  

  Ever since Phillip Dauman threw open the doors for a “significant” minority stake in Paramount Pictures, Hollywood studios have jumped at this opportunity. Citing confidential sources, the New York Post has reported that Twenty-First Century Fox Inc. is interested in… Read More ›

• Foxconn to acquire Sharp for $3.5 billion

  By admin1 on March 31, 2016 • ( 0 )

  

  $900 million has been cut from its initial offer arising out of the discovery of undisclosed liabilities at the very last minute. Casting off doubts of whether the two companies can work together in a fiercely competitive market, Foxconn has… Read More ›

• Amazon now offers 36 million pre-packaged services

  By admin1 on March 31, 2016 • ( 0 )

  

  Up from its previous year figure of 2 million, Amazon has reported a 20% surge in its newly formed Home Services department. Amazon has reported an increase of 20%, on average, of its home services platform which includes services such… Read More ›