Its sales chart have marched steadily southwards for the last 18 months. With Volkswagen yet to find a suitable solution for its diesel emission scandal, its brand is taking a hit with models across the brand showing falling sales in… Read More ›
Regulations & Legal
Spain’s Industry Minister resigns after his name figures in the Panama Papers
Two Spanish news outlets have claimed they have documents which link Jose Manuel Soria and his brother to an offshore account. Spain’s Minister of Industries Jose Manuel Soria has sent in his papers after his name was mentioned in the… Read More ›
QSR’s force McDonald to change its approach to the Asian market
This strategic change will be hugely beneficial for McDonald as it will be largely absolved of fluctuations in China’s turbulent economy but will come with assured yearly royalties. As per sources who are familiar with the matter at hand, McDonald’s… Read More ›
Largest U.S. coal producer files for bankruptcy
A significant dip in demand from China, along with falling prices have deeply affected its operations. The Obama administration’s climate change policies have only compounded its woes. Faced with a significant drop in coal prices, U.S. coal producer Peabody Energy… Read More ›
Viacom’s gets Redstone’s thumbs up for selling minority stake in Paramount Studio
Sumner Redstone, a 92 year old majority stakeholder of Viacom, had opposed the sale. As per a report from the WSJ, Sumner Redstone, who holds a controlling stake in Viacom, is opposed to Phillipe Dauman’s, Viacom’s CEO, plans of selling… Read More ›
Antitrust regulators in South Africa extend AB-InBev SABMiller deal by 15 days
South Africa’s Competition Commission extends deadline scrutiny for AB-InBev’s acquisition of SABMiller by 15 days. South Africa’s antitrust authorities have extended the scrutiny period of Anheuser-Busch InBev’s acquisition of SABMiller by 15 days. This is because the competition watchdog needed… Read More ›
Panama’s Attorney General raids Mossack Fonseca’s office in Panama
The raid by the Panamanian police is supposedly looking for evidence of illegal activities by the law firm. Late on Tuesday, Panama’s Attorney General has raided the offices of Mossack Fonseca, a law firm, in search for evidence of illegal… Read More ›
Texas Attorney General charged with securities scam by the SEC
Texas Attorney General Ken Paxton has been indicted by a Texas state grand Jury in 2014. In a significant development, U.S. regulators have charged Texas Attorney General Ken Paxton on charges of defrauding investors in a stock scam revolving around… Read More ›
Starwood and Marriott Hotels merger to create the biggest hotel company in the world
The estimated time for closure for this merger is mid-2016. With the shareholders of Marriott International Inc. and Starwood Hotels & Resorts Worldwide Inc. approving their merger, has resulted in the combined entity becoming the biggest hotel company in the… Read More ›
Goldman Sachs settles Justice Department probe
This is a major victory for New York Attorney General Eric Schneiderman. The U.S. Department of Justice has disclosed that the Goldman Sachs Group Inc., has now agreed to shell out $5.06 billion in settlement claims for having misled mortgage… Read More ›
manageria.biz 