One of the sticky points holding back the negotiations is the location of the combined company. While Worldpay is pushing London as the location for the HQ, the terms of Brexit are likely to play a key role in deciding… Read More ›
Creativity
Uncertainty in the healthcare business making insurers nervous
The political rumble and the lack of clarity in the future course of the U.S. healthcare system is unnerving insurers. Having repeatedly urged Republican senators to try and undo his predecessor’s healthcare law, in a tactical shift U.S. President Donald… Read More ›
Daimler Financial Services reports new heights in turnover
The sale of its luxury brand, Mercedes-Benz, has been the engine for its spectacular performance. Daimler Financial Services, Daimler’s finance arm, has stated it is heading for another record year having signed nearly one million new leasing and finance… Read More ›
Sprint keeps merger with T-Mobile in hand while it weighs its options
Despite the U.S. wireless market being saturated, Sprint is making headway through sweetened price points and better connectivity. According to sources familiar with the matter at hand, Sprint Corp’s proposed merger with Charter Communications Inc has yet to come to… Read More ›
Audi’s $12 billion cost cutting program to help it fund its forray into EVs
As it pushes to surge ahead leaving dieselgate behind, Audi is streamlining its operations through a cost cutting program. As per sources close to Audi, the carmaker is aiming to cut $12 billion (10 billion euros) as cost cutting measures,… Read More ›
Researchers Say To Lure Targets Iranian Hackers Used Female ‘Honey Pot’
According to research published Thursday, luring men working in industries strategically important to Tehran’s regional adversaries, hackers believed to be working for the Iranian government have impersonated a young female photographer on social media for more than a year. Researchers… Read More ›
VW receives thumbs up for its Electrify America plan
Volkswagen AG will be spending $2 billion, across 10 years, to advance the development of electric vehicles in the country, as part of its settlement plans. The California Air Resources Board has unanimously voted to approve the 30 month plan… Read More ›
BMC software ends merger talks with CA: Sources
Finding debt financing for 18 months was the Achilles heels of the deal. If the deal would have gone through, it would have created history. According to sources familiar with the matter at hand, BMC Software Inc, a private equity-owned… Read More ›
UK & EU secure RBS with a $1.1 billion deal
The deal brings a finality to the issue related to the spin-off of RBS’ banking division that has been dogging it since years. The European Commission has concurred with a British government plan that frees the Royal Bank of Scotland… Read More ›
China’s HNA Group fails to pass CFIUS scrutiny, abandons bid to buy majority stake in SkyBridge Capital LLC
While earlier American companies faced network security incidents from Chinese infosec professionals who stole huge quantities of U.S. consumer data which led to a U.S-China agreement to not attack each other corporate networks, access to the all-important consumer data is… Read More ›
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