It expects ChemChina to complete its acquisition by the end of this year. Syngenta has disclosed that it expects ChemChina to close its takeover deal by the end of 2016. Meanwhile it has reported an unexpected drop in lower profits… Read More ›
Entrepreneurship
Goldman Sachs to launch $5-$8 billion corporate buyout fund
This is the first time that Goldman Sachs is raising such funds after the 2008 financial crisis, although the amounts are nearly 5 times smaller. According to a source who is familiar with the matter at hand, the Goldman Sachs… Read More ›
Thailand wooing BMW to set up battery plant for plug-in hybrid vehicles
BMW is already heavily invested in the country with Thailand being its top export hub in the region. As per Thailand’s Industry Minister, BMW is considering setting up a new factory which will manufacture batteries for hybrid vehicles in the… Read More ›
1st quarter profits have beaten analysts’ expectations – VW
Improvement in the European car market has helped the company’s bottom line. Despite being hit by diesel emission scandal, Volkswagen’s first quarter results have beaten analysts’ expectations. Europe’s biggest car manufacturer achieved this admirable feat by strategic cost cutting. Rising… Read More ›
Unilever set to acquire Dollar Shave Club
Although this deal will increase Unilever’s footprint in the personal care product sector, it will also inherit Gillette’s lawsuit against Dollar Shave Club. In a strategic development in the corporate sector, Unilever Plc is all set to acquire Dollar Shave… Read More ›
$20 Million Raised by Start-up Developing Keyhole Surgery Robot
Backed by European automation giant ABB, $20.3 billion was raised by a start-up creating robots to assist surgeons in carrying out keyhole surgery. A surgeon is allowed to operate by only making a tiny incision rather than a large opening… Read More ›
United Airlines to spend $2 billion for share buyback program
This strategic is aimed at boost investor’s value among other measures adopted by United’s board. United Continental Holdings Inc. has disclosed that it has allocated $2 billion dollars for buying back its shares. The move is the latest attempt by… Read More ›
General Electric to invest $500 million in 2016 in industrial IoT
GE plans on capitalizing on IoT for improved industrial efficiency. According to an executive from General Electric, the company is set to make a savings of $500 million in 2016 by using industrial internet applications. During a press conference in… Read More ›
Yahoo reports loss after Tumblr write-off
Revenues from searches, which is a key factor, to its core business have slid by 17%. Potential bidders are likely to bid lower than Yahoo’s actual worth. In a significant development for Yahoo Inc., its latest quarterly results have fallen… Read More ›
NY, Massachusetts and Maryland plan on suing VW
Despite having reached a partial settlement earlier last month, of which these three states were a part, they have again filed fresh lawsuits. Despite of having announced settlements plans with embattled auto manufacturer in June, three U.S. states plan on… Read More ›
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