With the Apple Watch Series 2, Apple has narrowed its focus on the wearable fitness market, a huge plus from its earlier fashion offering. However according to analysts, unless it can partner the new watch with a killer app, its… Read More ›
Entrepreneurship
SEC allows BlackRock funds to borrow funds from one another
The move will help it improve its liquidity position with customers. Officials from the U.S. Securities and Exchange Commission have stated in a notice that portfolio managers of BlackRock Inc. will be allowed to borrow money from one another in… Read More ›
Enbridge buys Spectra for $28 billion
This marks the biggest acquisition in the oil and gas sector since 2014. In a deal that is set to create the largest North American energy infrastructure company, Canada’s Enbridge Inc. has disclosed its intention of acquiring Houston based Spectra… Read More ›
Pershing Square acquires 9.9% stake in Chipotle
With this acquisition Ackman has again waded into the fast-food sector. While he will shake up the board on a variety of issues including director’s tenure, Pershing Square itself will be under immense pressure to perform given its lackluster performance… Read More ›
Russia-Saudi’s oil pact could limit the glut in the global oil pool
The pact needs to be operationalized into an oil freeze deal which could then see reduction in crude oil production from two of the world’s top producers. In a development that could potentially have far reaching consequences, Russia and Saudi… Read More ›
EFF Survey: Brexit has cast a long shadow over Britain’s longterm economic future
Although the manufacturing and the service sectors have been shaken as an outcome of the referendum, the fall of the sterling has boosted the value of Britain’s exports as well as boosting the cost of its imports. The coming cut… Read More ›
SpaceX to shift all impending launches at its second site in Florida
SpaceX has successfully flown 9 missions. Last week’s explosion was only its 2nd mishap. As an outcome of SpaceX’s satellite launch being destroyed during liftoff, Israel’s Space Communication Ltd is now seeking $50 million from the company or a free… Read More ›
South Korea’s top shipper files for U.S. Bankruptcy
Hanjin Shipping has filed for bankruptcy in the U.S. following its credit bankers not extending financial support to its operations. The Wall Street Journal has reported citing a filing by Hanjin Shipping Co Ltd that the troubled shipper has filed… Read More ›
JPMorgan sued by Good Technology over fiduciary duty
The suit claims that by prioritizing their role as BlackBerry’s advisers when it was in the process of acquiring Good Technology, JPMorgan had not only a conflict of interest, it did not satisfy its advisory role to Good Technology which… Read More ›
Google’s Project Ara shelved as part of its hardware streamlining process
Despite this move, according to a source with the knowledge of the matter, Google could license the technology to its partners and technologies developed from Project Ara could still see the light of day. According to two sources with the… Read More ›
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