Amazon is using the Thursday night games as a vehicle to its lucrative Prime club. As per a source familiar with the matter at hand, Amazon.com Inc has agreed to pay $65 million per year to the National Football League… Read More ›
HR & Organization
Deutsche Bank cuts back on investment banking, increases focus on core banking solutions
The step marks a significant overhaul of its investment banking business and comes midst its net income of 120 million euros falling way behind analysts’ estimate of 379 million. Following a 79% drop in net profits during the first quarter,… Read More ›
China weighing options of reducing import duty on automobiles by 10%-15%
If China goes ahead with the move, it would help foreign automakers to export more cars into China and help reduce price gaps. On Thursday, Bloomberg has filed a report citing sources familiar with the matter at hand as saying,… Read More ›
Bain Capital aims to raise $4 billion with new Asia-focussed fund
Going by disclosures made by one of Bain Capital’s partners – the Pennsylvania Public School Employees’ Retirement System – by the end of 2016, Bain Capital’s second pan-Asia fund which raised $2.3 billion in 2012, reported an internal rate of… Read More ›
Qualcomm eases licensing terms, to unclog inflow of revenues
Through this strategic move Qualcomm is aiming to avoid potental future legal disputes and maintain its existing business structure. In a development that underscores how far Qualcomm Inc is willing to go to preserve its core business practice of making… Read More ›
U.S.-Israeli startup GameEffective raises $11 million in new funding round
The startup aims to enhance employee performance and learning by using real time feedback through digital motivations, psychology and gamification. On Wednesday, GameEffective, a U.S.-Israeli startup stated which has created a digital platform to boost workforce performance, stated it has… Read More ›
South Korea and GM weighing $2.8 billion investment plan
In a nerve-wrecking moment, literally at the very last hour, GM signs a preliminary deal with the union. Investment plan of $2.8 billion looks promising now. On Wednesday, a senior government source with direct knowledge of the matter stated, South… Read More ›
China moving back on economic reforms: U.S. Consul general of Hong Kong & Macau
While China has been loquacious about economic reforms and opening up its domestic sector to foreign players, its actions on the ground reflect broken contracts and non-compliance of WTO rules. On Tuesday, the U.S. consul general of Macau and Hong… Read More ›
Low-cost Irish carrier Ryanair to buy 25 additional Boeing 737 MAX planes
With this order, its order total has touched 135 planes from Boeing. On Tuesday, Irish low-cost air carrier Ryanair stated, it has agreed to purchase an additional 25 Boeing 737 MAX planes worth $3 billion at list prices. As a… Read More ›
Whirlpool divests its Embraco compressor business to Japan’s Nidec Corp for $1.08 billion
The strategic divestiture is aimed at increasing its focus on its consumer business. On Tuesday, Whirlpool Corp, a U.S. home appliance maker, disclosed it has agreed to divest its Embraco compressor business to Japan’s Nidec Corp for $1.08 billion. The… Read More ›
