The step marks a significant overhaul of its investment banking business and comes midst its net income of 120 million euros falling way behind analysts’ estimate of 379 million. Following a 79% drop in net profits during the first quarter,… Read More ›
If China goes ahead with the move, it would help foreign automakers to export more cars into China and help reduce price gaps. On Thursday, Bloomberg has filed a report citing sources familiar with the matter at hand as saying,… Read More ›
Going by disclosures made by one of Bain Capital’s partners – the Pennsylvania Public School Employees’ Retirement System – by the end of 2016, Bain Capital’s second pan-Asia fund which raised $2.3 billion in 2012, reported an internal rate of… Read More ›
Strongly in favor of the 2010 Dodd-Frank Act, through this new blueprint Christopher Giancarlo aims to improve optimize it the implementation of the rules in the act. On Thursday, Christopher Giancarlo, the chairman of the Commodity Futures Trading Commission (CFTC),… Read More ›
Through this strategic move Qualcomm is aiming to avoid potental future legal disputes and maintain its existing business structure. In a development that underscores how far Qualcomm Inc is willing to go to preserve its core business practice of making… Read More ›
The startup aims to enhance employee performance and learning by using real time feedback through digital motivations, psychology and gamification. On Wednesday, GameEffective, a U.S.-Israeli startup stated which has created a digital platform to boost workforce performance, stated it has… Read More ›
In a nerve-wrecking moment, literally at the very last hour, GM signs a preliminary deal with the union. Investment plan of $2.8 billion looks promising now. On Wednesday, a senior government source with direct knowledge of the matter stated, South… Read More ›
While China has been loquacious about economic reforms and opening up its domestic sector to foreign players, its actions on the ground reflect broken contracts and non-compliance of WTO rules. On Tuesday, the U.S. consul general of Macau and Hong… Read More ›
The strategic divestiture is aimed at increasing its focus on its consumer business. On Tuesday, Whirlpool Corp, a U.S. home appliance maker, disclosed it has agreed to divest its Embraco compressor business to Japan’s Nidec Corp for $1.08 billion. The… Read More ›
The United States sanctioned Chinese telecom equipment maker ZTE after it was caught illegally shipping U.S. goods to Iran. With the United States banning ZTE Corp from selling its components to U.S. telecom equipment makers for seven years, Chinese funds… Read More ›
