If Brexit were to happen Jaguar Land Rover could face a $1.47 billion in taxes by 2020. According to two sources who are familiar with the matter at hand, Britain’s largest car manufacturer, Jaguar Land Rover, could face the brunt… Read More ›
HR & Organization
Boeing confirms sale of a number of aircrafts to Iran
Boeing has however not provided the quantity and type of aircrafts in question along with their delivery schedules. Boeing has disclosed that it has signed an agreement with Iran Air for the sale of its jetliners. This disclosures confirms news… Read More ›
Twitter now allows sharing of 140 second videos
The earlier limit of 30 seconds has been extended to 140 seconds. Happy Tweeting! Known for its 140 character limit for its tweets, Twitter has now decided to allow its users to tweet videos of upto 140 seconds. It had… Read More ›
Tesla offers $2.8 billion for acquiring SolarCity
According to Elon Musk, the deal is a “no brainer” since it fits very well into Tesla’s broad strategy. SolarCity has liabilities of $6.24 billion, including debt. Tesla Motor Inc’s pioneering CEO, Elon Musk has sought to acquire SolarCity Corp… Read More ›
Wal-Mart sells 5% stake in Yihaodian and acquires 5% stake in JD.com
Through this deal Wal-Mart aims to expand its footprint in the burgeoning Chinese e-commerce market. Wal-Mart Stores Inc has reported that it wants to sell its 5% stake in Chinese e-commerce Yihaodian to JD.com so as to buy a 5%… Read More ›
UnitCredit to name ex-Italian Industry’s minister as its CEO next week
Italian newspaper Il Fatto Quotidiano has reported that UniCredit is set to name Corrado Passera as its next CEO, sometime next week. Italy’s biggest bank by asset, UniCredit is all set to name Corrado Passera, a former industry minister as… Read More ›
Siemen’s & Gamesa’s wind energy business to merge
If the deal were to go through, it would create the world’s biggest power producer from wind energy. Bloomberg has reported citing sources familiar with the matter at hand, Siemens AG is likely to pay $1 billion to Gamesa, a… Read More ›
SEC and DOJ probing possible corruption charges against Ericson
The probe relates to Ericson’s business practices in China. Swedish Daily Svenska Dagbladet (SvD) has reported citing sources familiar with the matter at hand, Swedish telecom gear manufacturer is being investigated by U.S. law enforcement agencies over possible corruption charges… Read More ›
Panama Papers – Geneva’s prosecutor’s office detains IT worker
Prosecutors are slowly zeroing in on the person who has dared to throw a spotlight on the shadowy world of how the wealthy hide their wealth. Swiss newspaper Le Temps has reported citing a source who is close to the… Read More ›
Sumner Redstone says he no longer trusts Philippe Dauman
Philippe Dauman has argued in court saying that the 93-year-old media’s mogul’s daughter, Shari Redstone, is manipulating her father. Sumner Redstone has not been seen speaking in public for a months now. Viacom’s lead independent director, Fred Salerno, has pleaded… Read More ›
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