As per a source with direct knowledge of the matter at hand, Credit Suisse CNGN has agreed, in principle, to pay about $110 million (100 million euros) in order to settle its tax investigation in Italy. According to investigators, Credit… Read More ›
The complaint revolves around the issue that although the smartphones weren’t operational they have been billed on a monthly basis. The U.S. unit of Samsung Electronics Co Ltd is facing a proposed class action lawsuit from 3 Galaxy Note 7… Read More ›
With Audi being VW’s profit engine, delays in implementing technological projects are likely to weigh down its competiveness in the burgeoning EV market. The diesel emission scandal is now casting its long dark shadows on its very future. Sources… Read More ›
Kelly is likely to focus on tighter integration of the company’s operations in the U.S., Europe and China. Visa Inc. has disclosed that its CEO, Charles Scharf, will be stepping down and will be succeeded by Alfred Kelly. Scharf was… Read More ›
As per government sources, the South Korean government could lend Hyundai Merchant Marine a helping hand if it were to bid for Hanjin Shipping’s assets. Hanjin Shipping Co Ltd may receive a lifeline from Hyundai Merchant Marine Co Ltd. The… Read More ›
The ZTO IPO will is likely to overshadow Alibaba Group Holdings 2014 IPO. Alibaba Group Holding’s splash in the e-commerce IPO market is set to be dwarfed by ZTO Express, a Chinese Logistics company which is set to launch the… Read More ›
Yahoo has not made public the timeline for the hack despite several shoves to do so by senators. Furthermore, although it has pointed at a state-actor for the incident, private cyber security experts have frowned on these assertions. It would… Read More ›
The acquisition will help expand PepsiCo foothold in the beverage industry. KeVita’s products include sparkling probiotics, master brew kombucha tea, and vinegar tonics. According to sources familiar with the matter at hand, PepsiCo Inc. is closing to acquiring KeVita Inc.,… Read More ›
With this strategic fund Saudi Arabia plans to diversify its economy and wean it away from an oil-based economy. Japan’s SoftBank Group and Saudi Arabia have collaborated in an effort to create the world’s largest private equity fund which could… Read More ›
If both companies are to be merged with Leslie Moonves at the helm, he will have to be given complete autonomy, opined Mario Gabelli, the second biggest investor with voting rights in both Viacom and CBS. Mario Gabelli, the second… Read More ›
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