Although surveys have painted a gloomy picture of the British economy, British finance minister has downplayed their results saying these are gauging only sentiments and not manufacturing activity. According to surveys, Britain appears to be headed for a recession. British… Read More ›
The terms of Britain’s exit from the bloc are going to be crucial for most notable players in the region. Bank of America Corp has disclosed that its results and businesses are likely to be adversely affected since it may… Read More ›
Once the deal is done, Quip will become Salesforce’s wholly owned subsidiary. Salesforce.com, a cloud based software company has disclosed today that it has agreed to acquire Quip, a document editing startup, for nearly $582 million. Incidentally, Salesforce already has… Read More ›
Citi feels relative safe from any Brexit fallout due to its strategic spread of its asset allocations. Following Britain’s historic decision to leave the EU, Citigroup Inc. has reported today that it did not experience any “significant negative impact” on… Read More ›
This is an easy picking for Boeing – a defense contractor for the Pentagon. The Pentagon has reported today that it has awarded a contract worth $640 million to Boeing for maintaining with spare parts the fleet of its F/A-18… Read More ›
Shareholders are still to be convinced on the benefits of this merger. Tesla’s second quarter results could be a key component in their being convinced of the benefits of such a deal. According to sources familiar with the matter at… Read More ›
Vehicle manufacturers are under increased scrutiny following VW’s admission of cheating emission norms by installing special software. The Federal Office for Motor Vehicles in Germany have provided their seal of approval for the diesel engines used by General Motor’s Opel… Read More ›
The testimony of the independent medical practitioner who will test the soundness of Sumner Redstone’s mental health will be key factor in the trial. In a significant development a Delaware judge has ruled that Sumner Redstone’s lawyers will have to… Read More ›
Although the deal makes strategic sense for Oracle, however, since Ellison has a 40% stake in NetSuite, in case of an overpayment, the deal could face strong headwinds. In a deal that is likely to provide Oracle, a bigger pie… Read More ›
Consumer and business sentiments across economies are looking up in the Eurozone. However, Britain’s brush with recession is likely to have an impact on the bloc. According to freshly available data, although Brexit’s shockwaves have had widespread economic impact on… Read More ›
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