The deal brings a finality to the issue related to the spin-off of RBS’ banking division that has been dogging it since years. The European Commission has concurred with a British government plan that frees the Royal Bank of Scotland… Read More ›
Strategy
China’s HNA Group fails to pass CFIUS scrutiny, abandons bid to buy majority stake in SkyBridge Capital LLC
While earlier American companies faced network security incidents from Chinese infosec professionals who stole huge quantities of U.S. consumer data which led to a U.S-China agreement to not attack each other corporate networks, access to the all-important consumer data is… Read More ›
Foxconn promises to build a $10 billion LDC display plant in Wisconsin
Foxconn has a dodgy record, if it were to stick to its rhetoric this time, its $10 billion investment would mark the biggest in Wisconsin’s history. Foxconn, also formally known as Hon Hai Precision Industry Co Ltd, has announced its… Read More ›
Former Fiat Chrysler executive charged with payoff scheme
Both, Fiat Chrysler and the United Auto Workers union have denied knowledge of the scheme. Three people were indicted in this pay off scheme. On Wednesday, a former vice president of Fiat Chrysler has been indicted for making $1.2… Read More ›
Delaware’s bankruptcy court grants Elliott Management some more time for its bid of Oncor Electric Delivery Co
With the Delaware bankruptcy court judge having to balance the myriad what-ifs scenarios, this case makes an interesting read. A U.S. bankruptcy judge has given Elliott Management Corp eleven more days to formalize its plans to bid on Oncor Electric… Read More ›
Fintech companies powering Britain’s growth despite Brexit
Fintech startups have drawn investments from venture capitalist companies, mainly based out of the U.S., and despite the uncertainty surrounding Brexit negotiations, the inflow of funds has placed Britain third in the global race to attract venture capital funds. A… Read More ›
U.S. auto regulators set to relax emission standards for the U.S.
The move could further pad the pockets of big oil and big auto and end up hurting U.S. consumers. The U.S. Transportation Department has disclosed it may revise auto fuel efficiency standards from the 2021 model year. The move comes… Read More ›
Viacom bids $10.6 billion for Scripps Networks Interactive
While the all-cash deal could potentially downgrade Viacom’s investment grade rating, which is already at the lowest level, it can also act as a cost saving measure and give it more headroom during negotiations with cable and satellite providers. According… Read More ›
Apple ordered to pay $506 million for infringing on a patent held by the University of Wisconsin-Madison
This will be Apple’s second appeal in this case, with damages continuing to pile up. U.S. District Judge Judge William Conley has ordered Apple Inc to pay $506 million for infringing on a patent owned by the University of… Read More ›
A New Confrontation Is Growing In The Ocean As India And China Face Off In The Mountains
As the heavyweight economies face territorial tensions on both land and sea, the rivalry between India and China is heating up. With soldiers from both sides engaged in skirmishes it is the second month that a fierce border standoff in Bhutan’s… Read More ›
