Door latch issues have plagued Ford’s many models leaving consumers to latch their cars with ropes and seat belts. As a result of its recalls, Ford has made downward revisions to its adjusted full-year pre-tax profit forecast to $10.2 billion… Read More ›
With Iran no more shackled by U.S. led economic sanctions, Germany has taken the lead, given its historic ties with Iran, in restoring normality between the two nations and boosting trade ties. With Sigmar Gabriel’s, Germany’s Economic Minister, paying a… Read More ›
The deal, subject to regulatory approval, could see a combined cost saving of $110 million. U.S. based Janus Capital and London-listed Henderson Global Investors, former rivals, have decided to stop bickering and instead collaborate to form a $6 billion company… Read More ›
Tesla could potentially be on its way to meet its half-yearly delivery targets, if this trend continues. Tesla Motors Inc. has disclosed that its third quarter deliveries have risen by 70% to 24,500 cars due to cheaper leases, discount on… Read More ›
The lack of clarity as to what Britain seeks from its historic vote and the significant implications vis-à-vis it’s much vaunted financial sector, its largest export, is giving room for increased chaos and confusion. Many of Britain’s biggest banks are… Read More ›
If Bass Pro were to acquire Cabela’s it would necessarily draw antitrust scrutiny. According to sources who are familiar with the matter at hand, a consortium of Bass Pro Shops, Capital One Financial Corp and Goldman Sachs Group Inc’s private… Read More ›
National Amusements, Viacom’s controlling stakeholder, is gunning for the deal. Incidentally, Viacom and CBS split 10 years ago. National Amusements, the company which has a controlling stake in Viacom, has stated that the merger of Viacom Inc. and CBS Corp… Read More ›
Leading vehicle manufacturers across the world are racing to transform transportation technology with increased usage of electronics and displays. With this investment, Sharp is gearing up to tap this explosive growth. In a strategic move, Japan’s Sharp has stated that… Read More ›
In an e-mailed statement BlackRock has clarified that the charges do not impact its clients or its operations since the charges are against Mark Lyttleton, in his personal capacity. Britain’s market regulator has charged Mark Lyttleton, a former fund manager… Read More ›
Although he has termed the move as one required for tax planning, fact is the oil industry has been in the doldrums since a while now but with OPEC trying to reign in prices, the prospects of oil production reaching… Read More ›
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