Bayer has already received approval from the EU, Australia, Brazil, China; Russia now adds to this list. In a development that aids Bayer’s $66 billion acquisition of Monsanto, it has now got approval from FAS, Russia’s antitrust regulator, for its… Read More ›
Strategy
Wells Fargo readies to pay a $1 billion related to abuses from its lending business
Wells Fargo is readying to pay the fine as two U.S. regulators had found inconsistencies at its auto lending and mortgage business. As per a source familiar with the matter at hand, Wells Fargo & Co is likely to agree… Read More ›
U.S. Department of Treasury aiming to plug and strengthen CFIUS law
The strategic move by the Trump Administration is aimed at rationalizing the treatment of business investment in the United States. As per a senior Treasury official, the U.S. Department of the Treasury is weighing options to restrict investments by Chinese… Read More ›
Billions Of Facebook Users Would Be Left Outside Of European Privacy Laws
According to the new terms of service that have been introduced by Facebook, it is being estimated that about 1.5 billion members of the social media platform would not be covered by the tough new privacy protections that are slated… Read More ›
IMF Announces India To Be The Sixth Largest Economy Of The World With GDP At $2.6 Trillion
The International Monetary Fund has officially declared India to be the world’s sixth largest economy as it displaced France with a narrow margin to gain the coveted position in the global economy. the United States, China, Japan, Germany and United… Read More ›
Uber Technologies wants VMWare’s Zane Rowe as its CFO
Uber needs to fill the post of the CFO before it launches its IPO in 2019. As per a Bloomberg report, Uber Technologies Inc has selected VMware Inc’s Zane Rowe as its top candidate for the post of chief financial… Read More ›
Procter & Gamble Co acquires Merck KgaA’s consumer health business for $4.21 billion
Where other companies, including Nestle, Stada and Perrigo, failed, P&G succeeded. The purchase will help it expand its portfolio of consumer healthcare capabilities and brands. On Thursday, Procter & Gamble Co and Merck KgaA stated, the former has agreed to… Read More ›
Nissan Motors aims to triple the sales of its luxury car brand Infiniti in China by 2021
Nissan Motors move underscores a deep rooted strategy as it tries to elevate Inifinity’s brand image the way Tesla has done for its offerings – producing a sleek, highly desirable, premium lineup of electric cars. In a strategic development, Nissan… Read More ›
Ford Motors expands ride services business with GoRide
With GoRide Ford Motors aims to make yet another splash into its mobility services businesses. On Wednesday, Ford Motor Co revealed a strategic step it had taken: it was expanding GoRide, its medical transport service in Southeast Michigan, as part… Read More ›
U.S. Commerce Department sets countervailing duties of up to 113% on Chinese common aluminum sheets
These are only the results of the preliminary enquiry, a final determination in the countervailing duty is to be announced on August 30 2018. In a significant development that adds to the growing numbers of reasons behind the Trump Administration’s… Read More ›