MGM Holdings has yet to cite a reason for terminating its CEO five year contract. MGM Holdings Inc stated, it has begun a search for a new CEO and will replace its current Chief Executive Gary Barber. The move comes… Read More ›
Strategy
U.S. Defense contractor CACI International Inc offers to merge with peer CSRA Inc
The net run-rate cost synergies in CACI’s offer beats that CRSA’s deal with General Dynamics. In a move aimed at disrupting General Dynamics Corp acquisition of CSRA Inc, a large U.S. defense contractor, its peer CACI International Inc stated it… Read More ›
The U.S. National Highway Traffic Safety Administration opens second probe against Hyundai Motor and Kia Motors
The investigations revolves around the deployment of airbags in the 2011 Hyundai Sonata and 2012-2013 Kia Forte models. On Monday, Hyundai Motor’s share tread a downward slope following the opening of a probe by a U.S. regulator after some of… Read More ›
Australia and ASEAN to establish regional infrastructure pipeline
The development is aimed at boosting high quality infrastructure projects in the region. In a strategic development aimed at countering China’s growing influence in the region, Julie Bishop, Australia’s Foreign Minister stated the Association of Southeast Asian Nations (ASEAN) and… Read More ›
Trevor Edwards resigns as Nike’s president
Trevor Edwards will advise Mark Parker, Nike’s CEO until his retirement in August 2018. A spokeswoman for Nike Inc stated, its brand President Trevor Edwards has resigned and is set to retire in August 2018. The Wall Street Journal had… Read More ›
5th U.S. Circuit Court of Appeals strikes down fiduciary rule
This is the second instance wherein systemic changes brought in by former President Barrack Obama in the wake of the 2007-2009 financial crisis is being dismantled. In a landmark judgment, a federal appeals court has struck down the U.S. Department… Read More ›
U.S. Chamber of Commerce warns against imposition of unilateral tariffs
The President of the U.S. Chamber of Commerce has warned that while the Trump Administration was right on it’s focus on China’s industrial policies and unfair trade practices which unfairly impacts the U.S. economy, the current tariffs approach will do… Read More ›
Banks across the Eurozone gets reprieve from ECB’s bad loan guidelines
Saddled with 750 billions euros in sour loans, ECB’s guidelines had wanted banks to hike up their provisions against these non-performing assets. On Thursday, the European Central Bank stated although its guidelines on the treatment of non- performing assets of… Read More ›
Spring Travel Season In U.S. To See Record Number Of Flyers At 151 Million: Airlines For America
There will be an expected 4 per cent increase in the number of to fly globally on U.S. airlines between March 1 and April 30 this year compared to the same period last year and that number would be an… Read More ›
Capacity Cuts Results In Robust Profits For Listed Chinese Steel Companies
Steel prices saw a rise as there was reduction of outdated supply because of cuts in production capacity of China’s listed iron and steel producers resulting in most reporting strong profits for 2017. There was surge of net profits by… Read More ›
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