If Bass Pro were to acquire Cabela’s it would necessarily draw antitrust scrutiny. According to sources who are familiar with the matter at hand, a consortium of Bass Pro Shops, Capital One Financial Corp and Goldman Sachs Group Inc’s private… Read More ›
Regulations & Legal
Sumner Redstone sees potential in Viacom CBS merger
National Amusements, Viacom’s controlling stakeholder, is gunning for the deal. Incidentally, Viacom and CBS split 10 years ago. National Amusements, the company which has a controlling stake in Viacom, has stated that the merger of Viacom Inc. and CBS Corp… Read More ›
Former BlackRock employee charged with insider trading by Britain’s FCA
In an e-mailed statement BlackRock has clarified that the charges do not impact its clients or its operations since the charges are against Mark Lyttleton, in his personal capacity. Britain’s market regulator has charged Mark Lyttleton, a former fund manager… Read More ›
Financial institutions and banks from Britain can now easily relocate to France
Existing banks and financial institutions in the EU, can easily relocate to France since their existing legal documents in English are now acceptable for registration in France. There is no need for translating them in French. With Brexit taking its… Read More ›
EU seeks to tighten the exports of dual use technologies and goods
Having identified loopholes in the current export norms the Commission is trying to plug them while tightening them even further so that they aren’t misused in the hands of extremists and rogue governments. So as to reign in human rights… Read More ›
German car manufacturers surge ahead to create 5G standards for IoT dependent next gen vehicles
In an strategically important development that will define the 5G standard, Germany’s top car manufacturers have joined hands with major telecom network equipment manufacturers to create and set the upcoming 5G standard which will be extensively used in tomorrow’s self-driven… Read More ›
Public Sector Bonuses and Ministers’ Pay are Cut by Saudi Arabia
In one of the most drastic measures yet by the energy-rich kingdom to save money at a time of low oil prices, Saudi Arabia will cut ministers’ salaries by 20 percent and scale back financial perks for public sector employees…. Read More ›
Cogenra Solar & Khosla Ventures sue SolarCity for intellectual property theft
This is yet another hurdle in Tesla Motor’s path on its stated plans of acquiring SolarCity. Embattled SolarCity is facing a new battle: it has now been accused by Cogenra Solar Inc., owned by SunPower Corporation and Khosla Ventures of… Read More ›
First systematic therapy for severe eczema likely to win FDA approval
French based Sanofi and its U.S. partner Regeneron Pharma set to win approval for the first systemic therapy for severe atopic dermatitis (AD). Sanofi, a French drug manufacturer, and its U.S. partner, Regeneron Pharmaceuticals, are set to win approval in… Read More ›
Tech companies tax profile to come under scrutiny in Thailand
Thailand’s revenue department plans to increase its tax collections and its working committee is looking into blocking tax loopholes that are exploited by tech firms. Internet and tech companies based in Thailand could potentially face increased scrutiny as the country… Read More ›