Shareholders are still to be convinced on the benefits of this merger. Tesla’s second quarter results could be a key component in their being convinced of the benefits of such a deal. According to sources familiar with the matter at… Read More ›
Entrepreneurship
Opel passes engine emission tests in Germany
Vehicle manufacturers are under increased scrutiny following VW’s admission of cheating emission norms by installing special software. The Federal Office for Motor Vehicles in Germany have provided their seal of approval for the diesel engines used by General Motor’s Opel… Read More ›
Starting from his Father’s Basement, this Immigrant Build up a $78 Million Company
Harrison Tang, the CEO and co-founder of Spokeo never backs down from a challenge and despite this success didn’t come easy for him. He didn’t speak any English and desperately wanted to go back to his home country when Tang first… Read More ›
Oracle set to acquire NetSuite for $9.3 billion
Although the deal makes strategic sense for Oracle, however, since Ellison has a 40% stake in NetSuite, in case of an overpayment, the deal could face strong headwinds. In a deal that is likely to provide Oracle, a bigger pie… Read More ›
Eurozone’s economic data in stark contrast to Britain’s
Consumer and business sentiments across economies are looking up in the Eurozone. However, Britain’s brush with recession is likely to have an impact on the bloc. According to freshly available data, although Brexit’s shockwaves have had widespread economic impact on… Read More ›
Alphabet’s revenues rise beats analyst’s expectations
Revenues from advertising from mobile devices have been the company’s growth engines – a strategic shift from the past. Alphabet Inc.’s efforts to leverage its sizeable advertising business in mobile computing has paid off with its second quarter earnings giving… Read More ›
Samsung expects strong second quarter results
Samsung’s second quarter earnings are set to rise on the back of strong demand for electronic components and the launch of new smartphones. South Korean electronics giant, Samsung Electronics Co Ltd has disclosed that it expects its results for the… Read More ›
Shanghai Fosun Pharmaceutical Group Co Ltd acquires Gland Pharma for $1.4 billion
Gland Pharma’s backers include U.S. based KKR & Co LP while Shanghai Fosun Pharma has Guo Guangchang, China’s best known entrepreneur, as its founder. According to sources with direct knowledge of the matter at hand, the Shanghai Fosun Pharmaceutical Group… Read More ›
India replaces China for Apple’s growth engine
Its growth rate in India has jumped by 51%. In a development that has soothed the ruffled feathers of industry analysts, Apple has reported that it has sold more iPhones than Wall Street had estimated thus enabling its revenues to… Read More ›
Britain woos companies with a discount of upto 90% for oil and natural gas
The region that it has now opened up was subjected to a seismic testing campaign last year. In a bid to contain the fallout of its historic vote, Britain has now drastically reduced its rental fees in its latest tender… Read More ›
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