Warren Buffet’s Berkshire Hathaway aims to help Occidental Petroleum Corp acquire its smaller rival Anadarko Petroleum Corp. In a significant development, Occidental Petroleum Corp disclosed, Warren Buffett’s Berkshire Hathaway Inc will be investing $10 billion in it so as to… Read More ›
There is a preference for larger, more efficient EVs that provide more milerange in the U.S. and Canada. Small two-person mini-cars are passe. In a significant development, German automaker Daimler AG stated, it will discontinue the tiny, two-person Smart cars,… Read More ›
In a landmark judgement, the ECJ ruled that provisions of the Comprehensive Economic and Trade Agreement (CETA) are not in breach of EU law. Incidentally, CETA is yet to be full implemented in the EU. On Tuesday, in a significant… Read More ›
Visa & Mastercard have offered to cut non-EU card fees to stave off fines and end the European Commission’s antitrust probe. On Monday, the European Union’s antitrust chief Margrethe Vestager stated, it has accepted an offer by Visa and Mastercard… Read More ›
It would be interesting to see Bayer’s due diligence for its acquisition of Monsanto since even before Bayer’s $63 billion acquisition of Monsanto, the latter was facing lawsuits related to its Roundup weedkiller. According to two of Bayer’s largest German… Read More ›
Walmart’s strategy to exit Britain, one of its weakest performers in its global portfolio, has effectively been blocked. Facing limited options, here’s an examination of the issue, its implications for Walmart and a potential way around it. In a significant… Read More ›
The potential deal is likely to be structured using Reverse Morris Trust – a tax-efficient way that companies typically use to sell of large assets. The potential deal is likely to be announced in the coming days. As per a… Read More ›
Anadarko holds vasts fields of oil and gas deposits which can be easily accessed using low-cost drilling methods – these assets underscore the value of the bidding war surrounding the U.S. oil and gas exploration and production company. According to… Read More ›
The development underscores U.S. due diligence on recovering tax dues by its citizens. Nowhere to run, nowhere to hide from U.S. tax authorities. In a significant development, the U.S. Department of Justice (DOJ) stated, Zurich Insurance will pay a penalty… Read More ›
Citron Research, has since long shorted Tesla’s stock. Wonder what has trigerred this change in its strategy. How did Musk make Tesla’s stock expensive for short sellers? Million dollar question. Citron Research Founder Andrew Left stated, he no longer holds… Read More ›
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