Goldman Sachs is in the process of restructuring its business so as to continue its operations in EU and Britain and service its clientele. In a significant development, the Goldman Sachs Group has disclosed that Britain’s historic decision to leave… Read More ›
Although China Association of Automobile Manufacturers (CAAM) is pushing to make the tax break permanent, any downward revision of the tax break will affect VW’s China operations. According to the head of VW’s China operations, the planned retraction of tax… Read More ›
Through this strategic step, FB is trying to tap the fast growing economies of Asia as other markets are largely saturated. Social media giant, Facebook Inc. has disclosed that it will allow small businesses in emerging markets to sell their… Read More ›
An increase in viewership in HBO has helped it rake in more profits. Additionally, it has also taken a 10% stake in Hulu. The owner of CNN and Cartoon Network, Time Warner Inc. has raised its profit forecast for 2016-2017…. Read More ›
The move could hit VW hard since South Korea was one of its major market for its luxury brands, including Bentley and Audi. In a fresh blow to embattled car manufacturer VW, South Korea has suspended the sales of 32… Read More ›
Although surveys have painted a gloomy picture of the British economy, British finance minister has downplayed their results saying these are gauging only sentiments and not manufacturing activity. According to surveys, Britain appears to be headed for a recession. British… Read More ›
The terms of Britain’s exit from the bloc are going to be crucial for most notable players in the region. Bank of America Corp has disclosed that its results and businesses are likely to be adversely affected since it may… Read More ›
Once the deal is done, Quip will become Salesforce’s wholly owned subsidiary. Salesforce.com, a cloud based software company has disclosed today that it has agreed to acquire Quip, a document editing startup, for nearly $582 million. Incidentally, Salesforce already has… Read More ›
Citi feels relative safe from any Brexit fallout due to its strategic spread of its asset allocations. Following Britain’s historic decision to leave the EU, Citigroup Inc. has reported today that it did not experience any “significant negative impact” on… Read More ›
This is an easy picking for Boeing – a defense contractor for the Pentagon. The Pentagon has reported today that it has awarded a contract worth $640 million to Boeing for maintaining with spare parts the fleet of its F/A-18… Read More ›
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