The food and beverage giant is scheduled to announce its quarterly results later today. Kraft Heinz Co, a U.S. food and beverage firm, disclosed it had met its cost cutting target of $1.7 billion by December 31, 2017. Kraft Heinz,… Read More ›
Strategy
Wal-Mart in talks to purchase 40% stake in Flipkart
The strategic move by Wal-Mart represents a direct challenge to Amazon’s strategy of dominating the e-commerce space in India, Asia’s third largest economy. As per two sources familiar with the matter at hand, Wal-Mart Inc is in talks to purchase… Read More ›
Rupert Stadler, head of VW’s Audi, is likely to be replaced by Winfried Vahland in April 2018
The change in CEO comes midst German prosecutors widening their enquiry into the diesel emissions scandal. On Friday, Bild, a German business daily has reported, the CEO of Audi, Volkswagen’s luxury brand, Rupert Stadler, is most likely to be replaced… Read More ›
General Electric agrees to sell part of its lighting business for an undisclosed sum
The part sale of GE’s lighting business, which can be traced back to Thomas Edison who co-founded the company more than a century ago, is just the first of many steps to shred-off its non-core assets and focus on just… Read More ›
SEC blocks Chongqing Casin Enterprise Group from purchasing the Chicago Stock Exchange
On verification by the SEC’s commissioners, led by Chairman Jay Clayton, the regulator was unable to locate the source of funds for the proposed deal; they were also unable to get sufficient information on the proposed buyers. U.S. regulators have… Read More ›
Local Iceland Energy Firm Claims Demand For Energy For Bitcoin Mining To Exceed Energy Usage For Homes
Power resources in Iceland are being used up by an “exponential” increase in Bitcoin mining, said a spokesman for Icelandic energy firm HS Orka. And according to Johann Snorri Sigurbergsson, the electricity that would be consumed by all of the… Read More ›
Volkswagen turns to Apple for design of its EVs
Volkswagen wants its electric vehicles to be the apple of the consumer’s eyes. Volkswagen, Europe’s biggest carmaker is now turning to U.S. tech giant Apple for guidance on how to style its new generation of electric cars, said VW’s top… Read More ›
Bridgewater bets against some of Europe’s biggest companies
Although in the United States, hedge funds are not required to disclose their short positions, European rules demand that beyond a certain threshold short positions are to be declared mandatorily. These disclosures have shed light on Bridgewater’s short strategy. Bridgewater’s… Read More ›
Russian And Chinese Investors To Tie Up To Invest In Saudi Aramco IPO
The initial public offering (IPO) by Saudi Aramco has caught the fancy of Russian and Chinese investors and a joint Russia-China investment fund and Russian banks have expressed their eagerness to participate in the IPO which is being hailed as… Read More ›
Netflix Has Roped In Producer Ryan Murphy
Netflix has never been shy to use strategies that enable it to attract top names form the creative field. And in its latest such hunt, he company is reeling in Ryan Murphy which is the producer and brains behind hits… Read More ›
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