If the deal goes through, it will mean Softbank paying a premium of more than 40% over Friday’s closing rate of the pound at 11.89. Softbank will pay 17 pounds in cash for each ARM Holdings’ shares. According to a… Read More ›
Entrepreneurship
Most CFOs of big British companies expect significant slowdown in the British economy
Capital expenditures and the rate of hiring are set to slowdown in the wake of Britain choosing to leave the European Union. According to a survey done on Britain’s biggest companies, their future is beset by doubts over Britain choosing… Read More ›
In the wake of Brexit ECB’s Draghi urges increased government spending
With high unemployment in the Eurozone, especially EU countries must significantly boost their individual government spending which is likely to mitigate the risks of resentment towards the EU project. Mario Draghi, the European Central Bank’s President is likely to plead… Read More ›
‘Pokemon Go’ can be Used to Help you Sell Your House
Despite adding a redesigned roof deck might help draw potential buyers to the open house at his $1.5 million listing, real estate agent Jay Glazer near Manhattan’s Washington Square Park decided to add this line to the sale advertisement for… Read More ›
Xerox rejects RR Donnelley’s bid
This only provides room for more potential bidders. According to the Wall Street Journal, Xerox Corps has rejected RR Donnelley & Sons Co’s bid to merge its document business with their financial printing. Ever since Xerox announced its plans to… Read More ›
Samsung strategically invests in BYD
The quantum of investment has yet to be known. The deal could boost the revenues of its affiliate Samsung SDI. Samsung Electronics, the South Korean electronics giant has disclosed that it has agreed to acquire a stake in BYD, a… Read More ›
Tesla allows market forces to determine buyback value
Its guaranteed buyback program has come to an end. Tesla Motors Inc has disclosed that it has ended its program that guaranteed the resale value of its cars. This move comes in the wake of Tesla lowering the price of… Read More ›
LG Innotek to build camera module in Vietnam
LG Innotek is distinct from LG Electronics. LG Innotek Co has said it is considering building a camera modules plant in Vietnam, without going into any further details. The Economic Daily, a South Korean newspaper, has reported citing anonymous sources… Read More ›
Strata Manufacturing wins two contracts worth $1billion
The company is owned by an investment firm from Abu Dhabi. At the Farnborough Airshow, Strata Manufacturing has disclosed that it has won two contracts from Airbus whose combined value is more than $1 billion. Strata Manufacturer is a components… Read More ›
Rolls-Royce likely to turnaround this year with a potential cost saving of upto 1 billion pounds
Increased streamlining of its power systems and marine units the company could result in major savings for the company. Warren East, Rolls-Royce’s Chief Executive said that the company is in the process of making a turnaround with a potential cost… Read More ›
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