Foreign airlines were warned by China that they should change the manner in which they identify Taiwan and some other areas in on their company websites recently. This has been publicly admonished by the White House. Any information on their… Read More ›
Regulations & Legal
Xerox retains management team and CEO following expiry of deal with Icahn and Deason
With the NY Supreme Court judge holding off from taking a decision in this case and with the next hearing yet to be scheduled, Fujifilm Holdings scored a small victory against activist shareholders Carl Icahn and Darwin Deason over their… Read More ›
Demand for DirectTV or Turner divestment could lead to no deal: AT&T
Judge Richard Leon is expected to take a decision on the proposed merger by June 12. As per a court filing, AT&T wants a federal judge to reject any request by the U.S. Justice Department which compels it to divest… Read More ›
LGM Partners’s disclosures reveals details of vol-mageddon
For the first time, LGM massive losses, due to vol-mageddon, have now been revealed in a court filing. In the first public disclosure which details as to why LGM Partners Ltd, a fund manager, became one of the biggest casualties… Read More ›
VW’s biggest Institutional investor likely to oppose board’s nominees
Volkswagen’s AGM tomorrow promises to be eventful with Hermes EOS saying the nominees forwarded by VW’s board essentially contradicts independent representation in the automaker’s controlling panel and undermines the principles of corporate governance. On Wednesday, Hermes EOS, an investment advisory… Read More ›
Samsung BioLogics Co under investigation for breach of accounting rule
Analysts opine that South Korea’s newly amended listing rule do not state that a positive net profit is a prerequisite; this could potentially shield the company from this line of investigation. On Wednesday, shares of Samsung BioLogics Co Ltd fell… Read More ›
Elliot Management begins legal dispute with South Korea over 2015 merger of two Samsung affiliates
New York-based Elliot Management is seeking an ISDS with South Korea so as to recover losses it made during the merger of the two Samsung affiliates. On Tuesday, an official from the South Korean government stated, U.S. activist investor Elliott… Read More ›
U.S. House of Representatives likely to review 2010 Dodd-Frank financial reform law by May
The object is not to repeal but to review and reform the 2010 Dodd-Frank financial reform law which aims to provides critical protections to taxpayers and consumers. As per a leading Republican lawmaker, the U.S. House of Representatives is likely… Read More ›
British supermarket store proposes to acquire Walmart’s Asda for $10 billion
The potential merger, a stock and cash deal, between Britain’s second and third biggest retail groups has cost synergies of at least 500 million. In a significant development, Britain’s Sainsbury has agreed to acquire Walmart’s Asda for around $10 billion… Read More ›
Hungary and Poland are challenges which will be met: European Commission
Here is how Jean Claude Junker is striving to bridge unity in diversity within the European Union. Next week, the European Union is set to deploy a new financial tool in am attempt to reign in what it sees as… Read More ›