Following the scrapping of the $6.1 billion deal with Fujifilm Holdings Corp, Xerox’s outgoing CEO along with 5 of its directors are being replaced with a new management team. Setting July 31 as the date for its annual shareholder’s meeting,… Read More ›
Thanks to more business days, car sales are shooting up. According to industry data published on Thursday, in April car sales in the European Union have shot up by 9.6%, led by Toyota, Hyundai and Ford Motors. As per Brussels-based… Read More ›
ESMA and regulators across the EU are keeping a hawk eye on the mountain of cross border derivative contracts that go beyond Brexit. According to a top regulator from the European Union, the EU may not have enough time to… Read More ›
Theodor Weimer has however ruled out any mega deals. Deutsche Boerse’s new CEO, Theodor Weimer, who took office since the start of 2018, essentially told shareholders that he is on the lookout for future acquisitions and that it is one… Read More ›
Starbucks is hoping the cost synergies in its deal with Nestle will enable it to mitigate the pressures of fighting waves of small boutique coffee stores in the U.S. and China. Feeling the pressure in its home market, Starbucks Corp… Read More ›
In recent times there has been a flurry of senior executives leaving Tesla. These departures come at a time when the company is looking to ramp up the production of its Model 3 sedan. Tesla Inc lost two major executives,… Read More ›
The market for legal sports betting could range between $1.2 billion and $57.6 billion of total wagers, with proceeds for gaming operators between $62 million and $2.9 billion. With the U.S. Supreme Court paving the way for U.S. states to… Read More ›
As per a filing by Amazon to the SEC, its board is set to review nominees from diverse candidates which includes minorities. In a move that aims to promote greater diversity in its Board, Amazon.com stated women and minorities are… Read More ›
Toshiba’s sale of its memory business hinges on getting regulatory approval from Chinese authorities by May 31, 2018. Toshiba Corp stated, it expects a 33% rise in net income thanks to proceeds from its planned $18 billion sale of… Read More ›
A fresh analysis of data obtained from a Nasa probe investigating Jupiter’s moon Europa has revealed that the craft passed through a monumental trail of water vapour which apparently burst out of the icy surface of the moon with so… Read More ›
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