If both companies were to merge, the number of boardrooms she is sitting on will also diminish. Shari Redstone, the daughter of media mogul, Sumner Redstone has withdrawn her support for the merger of Viacom and CBS Corp. She wants… Read More ›
Regulations & Legal
Fox in acquisition talks with Sky – Sources
Following Brexit and the devaluation of the British pound, British companies have become more interesting for companies looking to expand. U.S. based Twenty-First-Century Fox is in exploratory acquisition talks with British broadcaster Sky in could be a blockbuster deal. As… Read More ›
Aetna’s $34 billion acquisition of Humana violates antitrust law – U.S. Justice Department
According to the Justice Department, the acquisition violates antitrust law since it adversely affects the insurance of individuals who are covered under Obamacare and the disabled who are on Medicare. However, changes to these laws are on the anvil with… Read More ›
Panasonic in acquisition talks with LED manufacturer ZKW to expand its footprint in the auto industry
Japan’s Nikkei has reported the deal citing an anonymous source. Although it’s too early to confirm the deal, if it goes through, which could be as early as the end of this month, it will further consolidate Panasonic’s involvement in… Read More ›
Jury awards $1 billion to 6 plaintiffs over Johnson & Johnson’s Pinnacle metal-on-metal hip implant
Johnson & Johnson has stated that it will appeal the verdict, typically, in such cases in Texas, the appeals court scales back the initial compensation amount. In a significant ruling, a federal jury in Dallas ordered Johnson & Johnson and… Read More ›
United Technologies provided $7 million in tax breaks to keep 1069 jobs at its Carrier plant in Indiana
While Trump has quickly claimed credit for saving American manufacturing jobs, here’s more details of the deal. This agreement is yet to be finalized. State officials from Indiana have agreed to provide Carrier’s parent, United Technologies Corp, a tax break… Read More ›
An inside look at how OPEC came to its historic decision of cutting oil production
A fascinating read on how the members of OPEC came through with the deal to cut their respective oil production and help reduce the glut in the global oil market. It appears that Russian President Vladimir Putin has played a… Read More ›
Trump needs to sell his business interest entirely to avoid any conflict of interest: legal experts
Trump has set Dec. 15 as the date on which he will make his stand clear. He will have to disassociate himself and his kids from all of his business interests before he takes office on January 20, 2017. Before… Read More ›
OPEC creates milestone by deciding to limit oil prices from January 2017
OPEC will now meet non-cartel members on December 9 to convince them that they should do the same. In a historical development, the world’s largest oil exporters have agreed on a cut to their oil production for the first time… Read More ›
Europe to boost defence spending
Facing threats from several fronts, military commanders from NATO and EU have decided to boost military spending. Top European military & NATO officials gathered in Berlin to discuss ways to deal with threats facing Europe and address concerns raised by… Read More ›
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