Although China Association of Automobile Manufacturers (CAAM) is pushing to make the tax break permanent, any downward revision of the tax break will affect VW’s China operations. According to the head of VW’s China operations, the planned retraction of tax… Read More ›
An increase in viewership in HBO has helped it rake in more profits. Additionally, it has also taken a 10% stake in Hulu. The owner of CNN and Cartoon Network, Time Warner Inc. has raised its profit forecast for 2016-2017…. Read More ›
The British government has forecast there will be 6 billion fewer bags in circulation and a boost to the environment, thanks to a 5 pence (6 cent) charge on single-use plastic grocery bags in the U.K. “Taking six billion plastic… Read More ›
The move could hit VW hard since South Korea was one of its major market for its luxury brands, including Bentley and Audi. In a fresh blow to embattled car manufacturer VW, South Korea has suspended the sales of 32… Read More ›
Although surveys have painted a gloomy picture of the British economy, British finance minister has downplayed their results saying these are gauging only sentiments and not manufacturing activity. According to surveys, Britain appears to be headed for a recession. British… Read More ›
Once the deal is done, Quip will become Salesforce’s wholly owned subsidiary. Salesforce.com, a cloud based software company has disclosed today that it has agreed to acquire Quip, a document editing startup, for nearly $582 million. Incidentally, Salesforce already has… Read More ›
Citi feels relative safe from any Brexit fallout due to its strategic spread of its asset allocations. Following Britain’s historic decision to leave the EU, Citigroup Inc. has reported today that it did not experience any “significant negative impact” on… Read More ›
Shareholders are still to be convinced on the benefits of this merger. Tesla’s second quarter results could be a key component in their being convinced of the benefits of such a deal. According to sources familiar with the matter at… Read More ›
Vehicle manufacturers are under increased scrutiny following VW’s admission of cheating emission norms by installing special software. The Federal Office for Motor Vehicles in Germany have provided their seal of approval for the diesel engines used by General Motor’s Opel… Read More ›
The testimony of the independent medical practitioner who will test the soundness of Sumner Redstone’s mental health will be key factor in the trial. In a significant development a Delaware judge has ruled that Sumner Redstone’s lawyers will have to… Read More ›
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