The moving of the headquarter from Germany to the Netherlands for the new entity that has been formed by merger of the steel making operations of Germany’s iconic Thyssenkrupp AG and India’s Tata Steel Ltd. would result in thousands of jobs and this has… Read More ›
Strategy
T-Mobile in exploratory talks with Sprint Corp
The deal is likely to attract rigorous scrutiny from antitrust regulators. According to sources familiar with the matter at hand, T-Mobile, the largest wireless operator in the U.S., is exploring the potential acquisition of its rival Sprint Corp in an… Read More ›
Uber’s Asia business under bribery cloud; allegations of bribery being probed by DOJ
Uber’s law firm O‘Melveny & Myers LLP is investigating on why some potentially problematic business dealings were not disclosed sooner. With a federal probe looking into whether Uber Technologies broke U.S. bribery laws, the ride services company has begun reviewing… Read More ›
Chinese logistics and delivery firm Best slashes IPO expectations, raises $450 million
With lackluster performance of shares post IPO, offerings from Chinese firms have investors on their guard. With tepid investor demand, Chinese logistics firm, Best Inc, priced its U.S. initial public offering (IPO) at the bottom of expectations and in the… Read More ›
China Should Open Up Markets Like It Says It Will, European Group Urges The Second Largest Economy
The European Union Chamber of Commerce in China warned that China needs to make good on its own repeated calls to open up its markets, or face consequences. With President Xi Jinping making speeches on openness and globalization, China has publicly avowed to do… Read More ›
How The German Elections Could Determine Europe’s Destiny
A result being described one which could seal the continent’s fate in terms of ever closer political and economic union, Angela Merkel is likely to be re-elected as Germany’s chancellor for a fourth term in an election next Sunday. With… Read More ›
Bayer revises the completion of its $66 billion takeover of Monsanto to early 2018
The European Commission is scrutinizing the impact the deal will have on competition in pesticides and seeds markets. On Tuesday, German pesticides and drugs makers Bayer said, it would need some more time to complete its $66 billion takeover of… Read More ›
Clariant’s $20 billion merger with Huntsman Corp in doubt after White Tale becomes Clariant’s biggest shareholder.
As per White Tale the merger between the two Swiss chemical makers did not make sense since it does not bring about value to shareholders. Of the $400 million cost savings that are targeted through the merger, Clariant alone could… Read More ›
Austria’s Defense Minister hints at out-of-court settlement as a possible way out for Airbus
The Airbus & the Eurofighter consortium are furious with the manner Austria has been handling the outcome of the deal. The presumption of innocence is a fundamental concept that cannot and should not be cast aside and disregarded – said… Read More ›
Second largest U.S. Toy Store files for Chapter 11
The fierce competition between Amazon.com and Wal-Mart are driving retailers out of business. More than a dozen significant retail chains, including Perfumania Inc, rue21 Inc, BCBG Max Azria Global Holdings LLC, Gymboree Corp, and Payless Holdings LLC have filed for… Read More ›