This contract is linked to a previous contract in which Lockheed was to build and delivery F-35A fighter jets to South Korea. The Pentagon has reported that Lockheed Martin Corp has been awarded a contract worth $450 million, which is… Read More ›
Regulations & Legal
Brexit has made British companies vulnerable to acquisitions
The shock verdict has led to a fall of business and investor confidence in the British economy. The fall of the pound has made the UK companies easy picking for foreign companies who have snapped up lucrative deals. The shocking… Read More ›
Leaving a SWIFT token inside a connected computer, key to cracking world’s biggest cyber heist
Even after 11 months of investigation by half a dozen of the world’s investigative agencies, no suspect has been arrested in a case that has highlighted vulnerabilities in SWIFT. According to Mohammad Shah Alam, a deputy inspector with the Bangladesh… Read More ›
There can be More Incidents Like Facebook’s Safety Alert in Bangkok
After the report of a small bomb explosion, it wasn’t a mistake to tell people in Bangkok to mark themselves as safe, Facebook Inc. said. How much more common the social network’s “safety check” alerts are going to become is… Read More ›
Takata appears eager to settle DoJ probe before Obama leaves office
Takata’s inflator for airbags affect 42 million vehicles in the U.S. alone. This will make it the largest ever recall in U.S. history. Japanese airbag manufacturer Takata whose defective air bags have been linked to 11 deaths in the United… Read More ›
Kate Spade’s looking for a deal: WSJ
Increased competition and its focus on brick-and-mortar stores instead of online shopping models could be some of the reasons for its lackluster performance. Its underpriced shares have attracted sharks, with hedge funds stating that it could make a good acquisition…. Read More ›
Boehringer Ingelheim and Sanofi agrees to divesture proposals to streamline their deal
Without this divesture, there is likely to be reduced competition among vaccine manufacturers in the U.S. and EU. The divesture is key to their $13.5 billion deal. So as to streamline Boehringer Ingelheim acquisition of Sanofi, the German pharmaceutical maker… Read More ›
NHTSA probing Ford’s 2007-2009 Fusion and Millan sedans
The popular models have had to face the brunt of investigations in the past. Now investigators are probing potential braking issues with these models. U.S. safety regulators have begun investigating Ford Motor’s Mercury Milan and Fusion sedans made from 2007… Read More ›
Antitrust regulators in South Korea fine Qualcomm $854 million for violating antirust laws
Qualcomm’s business model under legal scrutiny from regulators across the globe. In a significant development, South Korea’s antitrust regulator have fined Qualcomm $854 million for unfair business practices related to its patent licensing and modem chip sales. This is the… Read More ›
Panama bans Odebrecht contract midst bribery admission
Odebrecht is facing a ban in winning future contracts in Panama unless it cooperates with Panamian authorities. With Brazil’s Odebrecht having admitted to bribing officials in Panama and other countries to snag government contracts, Panama has stated it will now… Read More ›
manageria.biz 