Pimco is facing a lot of turmoil with a heavy outflow investors and key executives, including its founder. Financial Times has reported citing a top executive at Allianz, a German insurer that the company wants closer ties with Pimco, a… Read More ›
HR & Organization
Syngenta posts lower than expected drop in 1st quarter
It expects ChemChina to complete its acquisition by the end of this year. Syngenta has disclosed that it expects ChemChina to close its takeover deal by the end of 2016. Meanwhile it has reported an unexpected drop in lower profits… Read More ›
Goldman Sachs to launch $5-$8 billion corporate buyout fund
This is the first time that Goldman Sachs is raising such funds after the 2008 financial crisis, although the amounts are nearly 5 times smaller. According to a source who is familiar with the matter at hand, the Goldman Sachs… Read More ›
Thailand wooing BMW to set up battery plant for plug-in hybrid vehicles
BMW is already heavily invested in the country with Thailand being its top export hub in the region. As per Thailand’s Industry Minister, BMW is considering setting up a new factory which will manufacture batteries for hybrid vehicles in the… Read More ›
1st quarter profits have beaten analysts’ expectations – VW
Improvement in the European car market has helped the company’s bottom line. Despite being hit by diesel emission scandal, Volkswagen’s first quarter results have beaten analysts’ expectations. Europe’s biggest car manufacturer achieved this admirable feat by strategic cost cutting. Rising… Read More ›
Unilever set to acquire Dollar Shave Club
Although this deal will increase Unilever’s footprint in the personal care product sector, it will also inherit Gillette’s lawsuit against Dollar Shave Club. In a strategic development in the corporate sector, Unilever Plc is all set to acquire Dollar Shave… Read More ›
United Airlines to spend $2 billion for share buyback program
This strategic is aimed at boost investor’s value among other measures adopted by United’s board. United Continental Holdings Inc. has disclosed that it has allocated $2 billion dollars for buying back its shares. The move is the latest attempt by… Read More ›
Investors sue Chesapeake Energy Corp for rigging oil and natural gas leases
Tom Ward, the former CEO of SandRidge has also been sued. This lawsuit could potentially impact his new venture – Tapstone Energy. Investors who had erstwhile sold natural gas and oil land leases to now bankrupt SandRidge Energy Corp and… Read More ›
General Electric to invest $500 million in 2016 in industrial IoT
GE plans on capitalizing on IoT for improved industrial efficiency. According to an executive from General Electric, the company is set to make a savings of $500 million in 2016 by using industrial internet applications. During a press conference in… Read More ›
Low interest rates and FAS 91 lower BofA’s profitability
U.S. bank earnings are under pressure from a low interest regime. With its lending business failing to offset the impact of consistent low interest rates Bank of America Corp has reported a drop of 19% in its second quarter profits,… Read More ›
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