VW has stated it will challenge the fine. In a further blow to embattled German auto manufacturer, Italy’s anti-trust agency has disclosed that it has fined Volkswagen 5 million euros ($5.54 million) for having misinformed car buyers about the results… Read More ›
New Mountain Capital LLC, the primary stake holder at JDA Software has earlier attempted to sell the company. There is no guarantee that these talks could result in a deal. According to sources familiar with the matter at hand, Honeywell… Read More ›
The $15.3 billion settlement does not include the 85,000 vehicles that use its 3.0 litre engine for typically found in its VW, Porsche and Audi brands. The $15.3 billion settlement is likely to get significantly bigger. According to German weekly… Read More ›
Two American investors valued the company at 2.8 billion euros in its latest funding round, which took place last year. Europe’s biggest startup Delivery Hero, a German online food take away service, is likely to go public next year, according… Read More ›
The raid was in pursuance of Amazon Japan’s suspected pressure tactics for boosting its online sales. In what can be considered as an indicator of trouble brewing in Amazon Japan, Japanese business daily, Nikkei has reported that the country’s Fair… Read More ›
While Wal-Mart Stores Inc aims to improve staffing levels during peak shopping times and offer more certainty over hours for employees, the company said that it has implemented a new system for scheduling workers at 650 U.S. stores. Its customer… Read More ›
It is to be seen how this is going to be played/portrayed by Shari Redstone and Phillippe Dauman in the on-going court battle. The owner of Comedy Central, MTV and Nickelodeon, has reported a higher than expected revenues for this… Read More ›
Goldman Sachs is in the process of restructuring its business so as to continue its operations in EU and Britain and service its clientele. In a significant development, the Goldman Sachs Group has disclosed that Britain’s historic decision to leave… Read More ›
Although China Association of Automobile Manufacturers (CAAM) is pushing to make the tax break permanent, any downward revision of the tax break will affect VW’s China operations. According to the head of VW’s China operations, the planned retraction of tax… Read More ›
Through this strategic step, FB is trying to tap the fast growing economies of Asia as other markets are largely saturated. Social media giant, Facebook Inc. has disclosed that it will allow small businesses in emerging markets to sell their… Read More ›
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