The deal is set to have an enterprise value of $2.69 billion (2.4 billion euros). Lanxess AG is the world’s largest synthetic rubber manufacturer. Lanxess AG has stated that it would acquire Chemtura Corp, a specialty chemical company for around… Read More ›
Suitors include Google and Salesforce.com with the former being a market favourite. According to a source who is familiar with the matter at hand, Twitter Inc. has initiated talks with several tech company in a potential bid to sell itself…. Read More ›
Societe Generale can face 2.2 billion euros in tax deductions since it had benefitted from the same earlier in 2010. The government of France has indicated that if the verdict from a court of Appeals were to rule that Jerome… Read More ›
The move consolidates Grab’s foothold in the Southeast Asian market. Grab, a ride-hailing company which is giving Uber the shivers in Asia, has partnered with a Singaporean startup which specializes in driverless-technology thus further strengthening its hold on the Southeast… Read More ›
Despite numerous sources of credit, Hanjin Shipping is still short of 270 billion won to unload all of its cargo. The non-unloading of its cargo is likely to impact the upcoming holiday shopping season. In a development that could act… Read More ›
The halt in production of its top selling model comes due to the breaking of a piston rod inside an engine of its plant. Volkswagen has stated that it will halt production of its Golf hatchback at its Wolfsburg factory… Read More ›
The sourcing delay comes midst United Technology Corp reducing its delivery target of 150 from 200. John Leahy, the Airbus Group’s Chief Operating Officer has stated that the company is confident in mitigating issues related to production delays of its… Read More ›
The charges relate to deficiencies of record keeping for the FY 2009-2012. The U.S. Commodity Futures Trading Commission has stated that it has ordered Barclays Bank PLC to pay $500,000 as settlement charges for deficiencies related to record-keeping. The agency… Read More ›
IHS Markit’s tear down of Apple’s iPhone shows cost hike of $5 in manufacturing cost. According to IHS Markit Ltd, Apple’s latest flagship the iPhone 7 has higher input costs than its predecessor, the iPhone 6S thanks to its bigger… Read More ›
The European Commission has granted Google more time to respond to its antitrust charges. If convicted Google will have to shell out $7.4 billion for each charge of up to 10% of its global turnover. The European Commission has informed… Read More ›
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