The recall also covers VW, and Porsche vehicles which share the same engine. Volkswagen’s luxury brand Audi is recalling 850,000 diesel cars to update the vehicle software which control its emissions. The move is strategic since it is aimed at… Read More ›
Like much of the British car industry, the uncertainty surrounding Brexit negotiations is pushing companies to invest overseas rather than expand production facilities in the country. On Friday, Britain’s Jaguar Land Rover picked China for its first overseas engine plant… Read More ›
Advocacy group, Consumer Watchdog has alleged that Amazon’s deceptive pricing strategy is making the prices of its products look like a bargain. It has asked the FTC to stop Amazon’s acquisition of Whole Foods while its deceptive discount continues. According… Read More ›
The lawsuit states that the underwriters had failed to do their due diligence. A U.S. pension fund has sued Chinese courier ZTO Express and its underwriters alleging that the company has significantly hiked its profit margins to attract investors for… Read More ›
Despite investor fears of the bursting of the bubble, analysts say, there are some real earnings which support the bull run in the tech sector. It has taken seventeen long years for the S&P 500 index to recover from… Read More ›
The activist investor was instrumental in pushing Whole Foods to sell itself. In 3 months the hedge fund made more than 300 million in profits. As per a regulatory filing, activist investor Jana Partners LLC has cashed out of its… Read More ›
The former banker has pleaded guilty in aiding U.S. citizens hide their assets in Switzerland, evading U.S. taxes. On Wednesday, a former banker from the Credit Suisse Group AG pleaded guilty to participating in a wide-ranging scheme that was designed… Read More ›
Ton Buechner and the company’s Chairman, Antony Burgmans faced a minor rebellion from shareholders for having rejected PPG’s takeover offer. Ton Buechner, the CEO of Azko Nobel, a Dutch paint manufacturer has stepped down from his role in the… Read More ›
Nauto has had the distinction of attracting big names from the auto industry in its funding rounds. Palo Alto-based Nauto, a Silicon Valley startup which develops software for self-driving vehicles, has disclosed it closed a $159 million series B funding… Read More ›
Under pressure to divest, Scripps has held talks with Viacom. This is the third time it is holding merger talks with Discovery Communications. If the deal were to go through it would create a $19 billion cable network company. … Read More ›
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