GE will buy the outstanding shares from those owned by Elliott Management and the Polygon Investment Group. On Wednesday, GE disclosed it will increase its stake in Arcam AB, a Swedish 3D printer maker, to more than 90%, from 77%…. Read More ›
Entrepreneurship
Apple facing 8 lawsuits for wanton slowing down of iPhones
The lawsuits, affecting the iPhone 6, iPhone 6s, iPhone SE and iPhone 7, seek unspecified damages, and in some cases reimbursement and even barring Apple to throttle the performance of its iPhones. Following Apple’s admission of slowing down ageing iPhones,… Read More ›
Deals Sparked By China’s Growing Pet Market – Turns Out To Be Investors’ Best Friend
China is transforming into a society that is not only one that own pets but also one that is willing to spend lavishly on them. According to experts, a massive move to urbanization, the growth of the middle class and… Read More ›
China’s state run Zhenhua Oil clinches oil deal in Iraq
The deal will be formalized today in a ceremony in which Zhenhua Oil is expected to commit to building an “oil residential complex” in Iraq’s East Baghdad oilfield, a super giant. A spokesman for Iraq’s oil ministry disclosed that it… Read More ›
Volkswagen upbeat on its fourth quarter results
Matthias Mueller, the CEO of the VW group stated he expects the group’s operational profit for the fourth quarter to be outstanding. Despite overwhelming odds, Europe’s largest carmaker Volkswagen is slated to report excellent results, much of which can be… Read More ›
Drugmaker Amgen Inc to pay $6 billion to $6.5 billion in taxes over a span of time
Amgen stated the U.S. repatriation tax will impact its current generally accepted accounting principles (GAAP) earnings forecast, but will not have any affect on its non-GAAP forecast. With U.S. President Donald Trump signing the new tax bill into law on… Read More ›
Credit Suisse to write-down $2.3 billion due to changes in U.S. tax law
The Swiss banking giant stated it will provide a more detailed report on the impact of the U.S tax bill on its operations in its fourth quarter report, scheduled to be published on Feb. 14. Swiss banking giant Credit Suisse… Read More ›
China’s trade with North Korea rises in November 2017
The latest U.N sanctions are expected to have a crippling effect on North Korea’s economy. In November, according to business data China’s trade with North Korea edged up to $388 million, its lowest levels this year. Tough U.N. sanctions are… Read More ›
Boeing wins $6.2 billion contract for 36 F15 fighter jets
The development is in line with U.S. President Donald Trump’s strategy of boosting the sale of U.S. weapons exports to friendly countries. On Friday, the Pentagon stated, Boeing Co has been awarded a $6.2 billion contract for 36 F-15 fighter… Read More ›
T-Mobile Austria to buy Liberty Global Plc’s UPC Austria unit for $2.25 billion
The deal will enable T-Mobile Austria to better compete with bigger rivals such as A1. Liberty Global Plc stated it would divest its UPC Austria business to T-Mobile Austria, an unit of Deutsche Telekom, for a value of $2.25 billion… Read More ›
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