The raid was in pursuance of Amazon Japan’s suspected pressure tactics for boosting its online sales. In what can be considered as an indicator of trouble brewing in Amazon Japan, Japanese business daily, Nikkei has reported that the country’s Fair… Read More ›
Entrepreneurship
Viacom smashes analysts’ expectation, reports revenues of $3.11 billion
It is to be seen how this is going to be played/portrayed by Shari Redstone and Phillippe Dauman in the on-going court battle. The owner of Comedy Central, MTV and Nickelodeon, has reported a higher than expected revenues for this… Read More ›
Brexit will impact Goldman Sachs’s operations
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 ›
Reduced tax breaks for 1.6L engine cars in China to negatively impact VW
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 ›
Facebook allows small businesses to sell through their FB pages
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 ›
Time Warner’s revenues beat analysts’ forecast
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 ›
South Korea suspends sale of most VW models
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 ›
Britain staring at recession and a cut in interest rates
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 ›
Bank of America warns Brexit could have adverse impact on its operations
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 ›
Salesforce acquires Quip for around $582 million
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 ›