Amazon is using the Thursday night games as a vehicle to its lucrative Prime club. As per a source familiar with the matter at hand, Amazon.com Inc has agreed to pay $65 million per year to the National Football League… Read More ›
Strategy
Deutsche Bank cuts back on investment banking, increases focus on core banking solutions
The step marks a significant overhaul of its investment banking business and comes midst its net income of 120 million euros falling way behind analysts’ estimate of 379 million. Following a 79% drop in net profits during the first quarter,… Read More ›
China weighing options of reducing import duty on automobiles by 10%-15%
If China goes ahead with the move, it would help foreign automakers to export more cars into China and help reduce price gaps. On Thursday, Bloomberg has filed a report citing sources familiar with the matter at hand as saying,… Read More ›
Bain Capital aims to raise $4 billion with new Asia-focussed fund
Going by disclosures made by one of Bain Capital’s partners – the Pennsylvania Public School Employees’ Retirement System – by the end of 2016, Bain Capital’s second pan-Asia fund which raised $2.3 billion in 2012, reported an internal rate of… Read More ›
More flexibility and stricter reporting rules needed for U.S. derivatives market: chairman of CFTC
Strongly in favor of the 2010 Dodd-Frank Act, through this new blueprint Christopher Giancarlo aims to improve optimize it the implementation of the rules in the act. On Thursday, Christopher Giancarlo, the chairman of the Commodity Futures Trading Commission (CFTC),… Read More ›
Qualcomm eases licensing terms, to unclog inflow of revenues
Through this strategic move Qualcomm is aiming to avoid potental future legal disputes and maintain its existing business structure. In a development that underscores how far Qualcomm Inc is willing to go to preserve its core business practice of making… Read More ›
VW Open Working With Tata Motors For Making Affordable Car For The Indian Market
German automaker Volkswagen AG has not given up on its plans of manufacturing and offering budget cars to millions of potential consumers in India as this became apparent as the company signaled that it had not completely ruled out a… Read More ›
Comcast Bids £22bn For Sky, Its Support For Rupert Murdoch Acquisition Cancelled By Sky
The hopes of Rupert Murdoch to acquire Sky successfully apparently have bene roadblocked by a rival bid of £22 billion bid by the US Media giant Comcast. A number of regulatory issues have held up the takeover of a 61 per… Read More ›
Fears Of Poor iPhone X Demands Spokes Investors, Apple Stock Looses $64bn In Three Days
The death knell could be sounded for the rally in the stocks of Apple following rising worries about the company’s iPhone x sale figures following reporting of disappointing guidance from two of the key suppliers of the iPhone maker. The… Read More ›
Fears Of U.S Sanctions On Iran Forces Oil To Touch $75
The possibility of new sanctions on Iran spooked investors and traders which drove the price of crude oil to $75 a barrel which is the highest mark hit by it in more than three and half years. Brent crude reached… Read More ›
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