A specialist in geriatric psychiatry found Sumner Redstone in sound “legal mental capacity” to make a decision, which he did when he removed Philippe Dauman and George Abrams from Viacom’s board. However Dauman’s lawyer has countered the argument saying the… Read More ›
This settles only the class-action lawsuit brought on by shareholders accusing the company of understating the severity of the 2010 oil spill in the Gulf of Mexico. Other legal actions related to securities concerning the oil spill is still on…. Read More ›
Saudi Arabia’s Public Investment Fund has valued the company at $62.5 billion. In this latest round of funding, Uber mopped up $3.5 billion at a time when funding for tech startups are contracting. Uber has gained further traction in the… Read More ›
The U.S. SEC is investigating Alibaba’s sales data of its annual Single’s Day event. Softbank has since reduced its exposure but has maintained its dominant profile in Alibaba. With Softbank selling some of its shares, Singaporean wealth funds have now… Read More ›
It will now have to pay up millions of dollars to investors who opposed the merger, including Carl Icahn. In a ruling that could have a significant impact on Dell, a Delaware judge has ruled that Silver Lake Partners and… Read More ›
Significantly this comes in the wake of the U.S. SEC investigating the sales data of its annual Singles’ Day sale. Softbank Group Corp has said it will sell at least $7.9 billion shares of the Alibaba Group Holding Ltd so… Read More ›
Despite no evidence of E. coli in its plants or kitchens, General Mills has recalled its flours out of abundant precautions. Citing an outbreak of E. coli that has already sickened 38 people in the U.S., General Mills has issued… Read More ›
As per The Telegraph Boeing is likely to be awarded a contract worth $2.9 billion for supply 50 Apache attack helicopters to the UK. As per a report appearing in the Telegraph, Britain’s Ministry of Defence is all set to… Read More ›
An investigative committee set up by the Bangladesh government has come to the conclusion that it cannot rule out the possibility of an insider leaking out the bank’s internal working to hackers. According to the head of the panel that… Read More ›
Production facilities which were earlier used for its A380 aircrafts will now handle its A320 line of aircrafts. According to Tom Williams, Airbus’s Chief Operating Officer for its A320 programme, the company is in the process of cutting costs for… Read More ›
