Broadcom expects to incur the majority of its termination costs during the third quarter. Following Broadcom Inc’s $5.5 billion merger with Brocade Communications Systems in November 2017, it is now planning on laying off nearly 1,100 employees as part of… Read More ›
Under the WTO’s dispute settlement process, holding consultations is the first step. It is not clear whether the U.S. will agree to such a request. As per a source in the Japanese government with direct knowledge of the matter at… Read More ›
Carlos Ghosn will continue to be the CEO and chairman of the Renault-Nissan-Mitsubishi alliance. On Thursday, as per a report from the Financial Times, Renault SA’s CEO Carlos Ghosn is likely to step down from the post before the end… Read More ›
Comcast’s all cash offer may not go down well with Fox’s biggest shareholder, the Murdoch family, since accepting the deal would force it to potentially pay a multi-billion dollar capital gains tax. In a move that has essentially sparked a… Read More ›
Although rumors of a 3-way split are doing the rounds, analysts from Goldman Sachs opine, given the preference of clients who choose ad agencies with integrated services over others, divestments and sales of assets are unlikely to be considered in… Read More ›
No reason was given for Rachel Osborne’s departure from Domino’s Pizza Group. The U.S. group was however quick to take control of the flow of conversation by stating that the company was on track to meet its guidance outlook for… Read More ›
The investigation into the Scottish Widows was brought to an end due to “insufficient basis for taking any enforcement action”. On Tuesday, Britain’s Financial Conduct Authority (FCA), its financial markets regulator, disclosed it has closed its investigation into Scottish Widows… Read More ›
Football fans are being duped by ticket resellers, say FIFA just days before the football World Cup is set to begin in Russia. “Secondary ticketing” is a big business. According to news reports, the business is estimated to be worth… Read More ›
In an unusual combative move, here is what German Chancellor Angela Merkel said after the G7 summit in Canada. German Chancellor Angela Merkel voiced regret vis-a-vis U.S. President Donald Trump’s abrupt decision to withdraw support for a G7 communique. On… Read More ›
$50bn would be given to Argentina as debt to spruce up its debacle economy by the International Monetary Fund, However, the IMF board still needs to pass the three-year agreement. Following the local currency of Argentina hitting record lows on… Read More ›
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