Huawei is likely to fall back to its old strategy of selling its smartphones in the U.S. only through open channels. As per a source familiar with the matter at hand, Best Buy Co Inc, the largest U.S. consumer electronics… Read More ›
Entrepreneurship
EU firms scaling back their presence in UK
Lack of clarity on the UK’s long term relationship with EU is clouding supply chain decision-making beyond March 2019, the date the UK will formally break relationships with the EU. As per a survey, 1 in 7 business from EU… Read More ›
EU lawmakers aims to punish non-EU airlines for unfair competitive practices
Airlines from China, Russia, the Gulf region, and Turkey could face punitive EU measures arising out of the final version of this regulation. In a significant development, an European Parliamentary committee stated, non-EU carriers could see their rights to fly… Read More ›
U.S. government drops demand for U.S. auto content in NAFTA negotiations
With this bone of contention being amicably resolved, NAFTA negotiations can continue. Two leading newspapers, The Mail and The Globe, have reported citing sources, that the U.S. government has dropped its demand all vehicles manufactured in Canada and Mexico for… Read More ›
Peter Peterson, Blackstone Group LP’s co-founder dies at 91
Peter Peterson along with Stephen Schwarzman co-founded Blackstone in 1985 with a starting capital of $200,000. Peter Peterson, the billionaire Wall Street financier who served as U.S. President Richard Nixon’s commerce secretary and went on to co-found the Blackstone Group… Read More ›
German state authorities expand VW’s diesel emission scandal scrutiny with market manipulation angle
Authorities have already raided 13 offices in VW’s headquarters and have seized documents and electronic files from its computers. WirtschaftsWoche, a German Magazine has reported citing a spokesman from the state prosecutors office as saying, they have started fresh enquiries… Read More ›
Uber Self Driving Car Accident Kills A Woman In Arizona, Casts Shadow Over Other Such Test
A woman was struck and killed on Sunday night by an autonomous car of Uber – which also had an emergency driver at the wheels, on a street in Tempe, Arizona. Uber has cancelled all of its testing of autonomous… Read More ›
MGM Holdings Inc to replace its CEO Gary Barber
MGM Holdings has yet to cite a reason for terminating its CEO five year contract. MGM Holdings Inc stated, it has begun a search for a new CEO and will replace its current Chief Executive Gary Barber. The move comes… Read More ›
U.S. Defense contractor CACI International Inc offers to merge with peer CSRA Inc
The net run-rate cost synergies in CACI’s offer beats that CRSA’s deal with General Dynamics. In a move aimed at disrupting General Dynamics Corp acquisition of CSRA Inc, a large U.S. defense contractor, its peer CACI International Inc stated it… Read More ›
The U.S. National Highway Traffic Safety Administration opens second probe against Hyundai Motor and Kia Motors
The investigations revolves around the deployment of airbags in the 2011 Hyundai Sonata and 2012-2013 Kia Forte models. On Monday, Hyundai Motor’s share tread a downward slope following the opening of a probe by a U.S. regulator after some of… Read More ›
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