This analysis was done by the non-partisan Legislative Fiscal Bureau. As per a legislative analysis of Wisconsin’s $3 billion incentive package to Foxconn’s proposed LCD screen plant in the states, it will take at least 25 years for the state… Read More ›
Regulations & Legal
North Korea considers striking U.S. military bases in Guam
The move could bring an end to the dictatorial regime and could curtail China’s expanding ambitions. On Wednesday North Korea disclosed it was “carefully examining” plans for a missile strike on the U.S. Pacific territory of Guam. This disclosure came… Read More ›
Midst tensions with China, Vietnam wins U.S. defence pledge
An increasingly aggressive China is facing threats in different fronts. A misstep in any one area will significantly dent and hammer its economic and geo-political ambitions. With China flexing its muscles in the South China Sea, Vietnam has won… Read More ›
Netflix zooms past analysts’ expectation riding on cable business alliances
Alliances with former foes have been instrumental in its phenomenal growth in the U.S. and overseas. In a development that underscores a tactical shift in the U.S. cable business, a growing number of operators are forming business alliances with their… Read More ›
Pershing Square Capital Management likely to nominate directors at Automatic Data Processing
The activist hedge fund has stated it is willing to work with the existing board to improve its operating margins. William Ackman’s Pershing Square Capital Management has disclosed, it plans on nominating directors to Automatic Data Processing Inc’s 10 member… Read More ›
German economy in the pink of health
Economic data shows EU’s largest economy to be chugging along fine, with the manufacturing sector producing healthy growth. In a significant development that bodes well for Germany and the European Union, industrial orders in Germany have risen twice as much… Read More ›
Whistle blower’s allegations against Raytheon does not stand scrutiny
The whistle blower had amended his allegations 5 times. He wanted to amend it once more. The judge dismissed the allegations saying they were did not lack substance and were too generalistic. In a major development, defence giant Raytheon Co… Read More ›
Volvo shares engine technology with its Chinese parent
With this development, the Volvo brand will get diluted even further. As per sources familiar with the matter at hand, Sweden’s Volvo Cars, which incidentally is a unit of Zhejiang Geely Holding Group, has agreed to provide its engines for… Read More ›
Exxon likely to expand its crude oil processing refinery in Beaumont, Texas
Given the U.S Administration’s leaning on fossil fuel Exxon it would not be surprising if Exxon were to go ahead with this capacity expansion. A spokeswoman for ExxonMobil Corp has stated the oil giant is weighing its options whether to… Read More ›
PricewaterhouseCoopers to pay $1 million to settle Merrill Lynch’s audit allegations
Bank of America Merrill Lynch had complained that the audit and accountancy firm had failed to do its due diligence. The Public Company Accounting Oversight Board (PCAOB) has disclosed PricewaterhouseCoopers LLP is will settle a civil complaint alleging that it… Read More ›