Alliances with former foes have been instrumental in its phenomenal growth in the U.S. and overseas. In a development that underscores a tactical shift in the U.S. cable business, a growing number of operators are forming business alliances with their… Read More ›
HR & Organization
SoftBank’s CEO interested in investing in Lyft and in Uber Technologies
Although he has evinced an interest, the matter is still open to a final call. Masayoshi Son, the CEO of the SoftBank Group, has disclosed he is interested in investing in ride-hailing firms Lyft and Uber Technologies. However he has… Read More ›
Pershing Square Capital Management likely to nominate directors at Automatic Data Processing
The activist hedge fund has stated it is willing to work with the existing board to improve its operating margins. William Ackman’s Pershing Square Capital Management has disclosed, it plans on nominating directors to Automatic Data Processing Inc’s 10 member… Read More ›
German economy in the pink of health
Economic data shows EU’s largest economy to be chugging along fine, with the manufacturing sector producing healthy growth. In a significant development that bodes well for Germany and the European Union, industrial orders in Germany have risen twice as much… Read More ›
Whistle blower’s allegations against Raytheon does not stand scrutiny
The whistle blower had amended his allegations 5 times. He wanted to amend it once more. The judge dismissed the allegations saying they were did not lack substance and were too generalistic. In a major development, defence giant Raytheon Co… Read More ›
Volvo shares engine technology with its Chinese parent
With this development, the Volvo brand will get diluted even further. As per sources familiar with the matter at hand, Sweden’s Volvo Cars, which incidentally is a unit of Zhejiang Geely Holding Group, has agreed to provide its engines for… Read More ›
Toyota Motor Corp to set up auto assembly plant in US in joint collaboration with Mazda
Toyota’s fuel efficient sedans and SUVs caters to design-conscious consumers in the US. As per a sourced briefed with the matter at hand, Toyota Motor Corp and Mazda Motor Corp are set to collaborate on developing a $1.6 billion U.S… Read More ›
Exxon likely to expand its crude oil processing refinery in Beaumont, Texas
Given the U.S Administration’s leaning on fossil fuel Exxon it would not be surprising if Exxon were to go ahead with this capacity expansion. A spokeswoman for ExxonMobil Corp has stated the oil giant is weighing its options whether to… Read More ›
PricewaterhouseCoopers to pay $1 million to settle Merrill Lynch’s audit allegations
Bank of America Merrill Lynch had complained that the audit and accountancy firm had failed to do its due diligence. The Public Company Accounting Oversight Board (PCAOB) has disclosed PricewaterhouseCoopers LLP is will settle a civil complaint alleging that it… Read More ›
4,000 Jobs Expected To Be Moved To EU After Brexit By Deutsche Bank
As Deutsche Bank AG’s Brexit plans take shape, people briefed on the matter wsere quoted in the media as saying that the lender envisions shifting almost half its U.K. positions to the European continent over coming years. Under the bank’s… Read More ›
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