The fierce competition between Amazon.com and Wal-Mart are driving retailers out of business. More than a dozen significant retail chains, including Perfumania Inc, rue21 Inc, BCBG Max Azria Global Holdings LLC, Gymboree Corp, and Payless Holdings LLC have filed for… Read More ›
Regulations & Legal
Northrop Grumman’s acquisition of Orbital ATK Inc will exceed $7.7 billion
The deal is likely to be finalized on Monday, however, it could draw scrutiny from the Pentagon given the vertical integration related issues with weapon systems developed by Northrop Grumman and Orbital ATK. As per a source familiar with the… Read More ›
British lawmakers urge Theressa May’s government to outline its strategy vis-a-vis cross border pensions
Without access to the “grandfathering” process, the legality of insurance contracts to EU citizens, including UK expats, will be null and void. On Monday, British lawmakers have urged Theressa May’s government to address the status of cross-border pensions and insurance… Read More ›
North Korea staring at U.N backed military options
With a naval blockade for enforcing U.N sanctions being one of the military options available in the U.S. repertoire, North Korea’s only ally has begun naval war games with Russia in the Korean peninsula. The U.N Security Council has run… Read More ›
First Major Test Of Credibility Faced By EU-U.S. Data Pact
With Europe seeking to ensure Washington has lived up to its promises to protect the data of European citizens stored on U.S. servers, a pact underpinning billions of dollars of transatlantic data transfers will undergo its first annual review. The… Read More ›
China’s Struggle To Stop Kim Shown By Smuggled North Korea Clams
Chinese and North Korean trawlers intermingle as they search for crabs, conch and yellow clam in the fishing grounds where the Yalu River opens up to the Yellow Sea. According to media reports that quote traders who have been aboard… Read More ›
Bain Capital will honor all contractual terms of Toshiba’s JV with Western Digital
This commitment is likely to significantly increase its chances of bagging the deal. The likelihood of Bain Capital bagging the rights to purchase Toshiba NAND memory chip business got better when it confirmed that it would honor “all the contractual… Read More ›
Uber’s usage of Greyball continues to haunt it
While a sweeping investigation by Portland officials has not resulted in any fines and/or penalties, a criminal investigation by the DoJ is still on. As per officials from the city of Portland, Oregon, a sweeping investigation into Uber Technologies Inc’s… Read More ›
North Korea’s ICBM flies over Japan and lands far out into the Pacific ocean
With this latest launch North Korea has demonstrated it has hydrogen bomb making capabilities as well as the vehicle to deliver them to its enemies. Since its every launch create a rumble in markets worldwide, are these provocations created for… Read More ›
40 U.S. states join probe into Equifax’s hacking incident which exposed crucial data of almost every adult American
The state attorney generals of 40 states have joined the probe. Among the areas under scrutiny will be Equifax’s response to the hacking incident. In the wake of the massive hacking incident at Equifax Inc which resulted in the exposure… Read More ›