The state attorney generals of 40 states have joined the probe. Among the areas under scrutiny will be Equifax’s response to the hacking incident. In the wake of the massive hacking incident at Equifax Inc which resulted in the exposure… Read More ›
Economy & Finance
Here’s why revisiting NAFTA and Trump’s “Buy American” agenda is likely to benefit Amazon.com
Amazon.com’s strategy fits snugly into Donald Trump’s vision of “Buy American” In a significant development, Amazon.com Inc, the world’s biggest online retailer, is preparing to unveil a 1 million square-foot warehouse near Mexico City in order to capture Mexico’s nascent… Read More ›
Report Says Major Disruption From Digital Start-Ups Faced By Insurance Firms In Most Sectors
Due to the emergence of a number of insurance technology (insurtech) start-ups, according to a report, insurance firms are facing increasing competitive pressure on all fronts. The sector is being forced to rethink its model with the integration of technologies… Read More ›
To Diversify Assets Amid Gulf Crisis, Qatar Fund Plans U.S. Deals
The diplomatic standoff between Qatar and its Gulf neighbors entered its third month. And amidst this unresolved crisis Qatar is seeing to further diversify its assets and has planned to induce more U.S. investments to achieve this. Qatar’s windfall gains… Read More ›
Apple could make history as the first listed company to hit the $1 trillion market cap milestone
If you are wondering why Apple’s share has been the darling of investors, including Warren Buffet, this is an eye opener and makes a fascinating read. On the day Apple launched its newest flagship, the value of its stock price… Read More ›
Malaysia Airlines places orders for 16 passenger aircrafts from Boeing
The purchase announcement was timed with Malaysian Prime Minister Najib Razak’s meeting U.S. President Donald Trump at the White House. On Wednesday Boeing stated it has signed a memorandum of understanding (MOU) with Malaysia Airlines to sell eight widebody 787… Read More ›
Allergan Plc’s deal with a Native American tribe could potentially face scrutiny from U.S. Congress
In a huge blow to generic drug makers, Allergan Plc has transferred its parent rights to a Native American tribe, which is treated as a sovereign nation in U.S. law, in order to shield its patents from civil lawsuits. In… Read More ›
Bain Capital led consortium in the lead for Toshiba’s chip business: sources
Fears that Western Digital might take over control of Toshiba’s chip business led to it being dropped as the preferred bidder, said sources. According to two sources briefed on the matter at hand, Toshiba Corp favors a consortium led by… Read More ›
Insurance premium for properties in Florida and Texas likely to rise: Hiscox Ltd
The combined loss of insurance from both hurricanes is in the range of $45 billion to $75 billion. According to Hiscox Ltd, the underwriter for Lloyd’s of London, insurance premium for properties are likely to move upwards in states such… Read More ›
Britain to unconditionally commit to security cooperation within Europe
A document which details Britain’s future commitments, including security, with EU has been released by the British government. In a development of far reaching consequences, Britain has stated it was unconditionally committed to the security situation in Europe. These disclosures… Read More ›
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