James Hackett set to replace outgoing CEO Mark Fields. As per a source familiar with the matter at hand, Ford Motor Co is set to announce the departure of its Chief Executive, Mark Fields, in what marks a broad shake-up… Read More ›
Strategy
Royal Bank of Scotland reaching out to investors to settle deal
Last minutes negotiations are on. Two sources familiar with the matter at hand have disclosed that the Royal Bank of Scotland has tried to reach for a last minute settlement with a group of investors who had alleged that it… Read More ›
Titanic Relics Sail Toward Auction Block From Deep in the Atlantic
The wreckage from Titanic could fetch close to $220 million at an auction this year even though the doomed ship may be under 2.5 miles of water. In a May 18 filing in U.S. Bankruptcy Court in Jacksonville, Florida, Premier… Read More ›
Execution Of Indian Man By Pakistan Ordered To Be Halted By UN Court
Pakistan has been ordered to halt the execution of a former Indian naval officer by thee International Court of Justice till the final decision is arrived by the court. In a case that has raised tensions between the nuclear-armed South… Read More ›
Fiat Chrysler in trouble over excess diesel emissions
Lawsuits, in the pipeline, will come into play depending on the outcome of ongoing negotiations between the DoJ and FCA. Two sources familiar with the matter at hand have revealed that the U.S. Justice Department plans on filing a civil… Read More ›
Investors getting increasingly trepid on ‘Trump Trade’
The firing of the former FBI Director, James Comey, by U.S. President Donald Trump, has unleashed a wave that is threatening to drown the Trump’s presidency. The resulting economic uncertainties is what the market is worried about. With U.S. President… Read More ›
New accounting standard for insurance companies will usher in a wave transparency in the sector
While end users will benefit, insurers will have to bite the bitter pill of additional costs. With the introduction of uniform international book-keeping standard, details of which are to be published on Thursday, slated to take place from January… Read More ›
Investors and lobbyists are increasingly worried on the Trump’s Administration’s ability to push legislative agendas
This essentially sums up the mood “less drama from the White House”. With U.S. President Donald Trump increasingly getting tangled in scandals and controversies, Republican lawmakers and lobbyists are of the view that the prospects for passing sweeping tax cuts,… Read More ›
Trump extends sanctions relief to Iran under U.S.-Iran nuclear deal
Trump has however sanctioned a Chinese man and three Chinese companies along with two senior Iranian defense officials for supporting Iran’s ballistic missile program. In a move that has caught many by surprise, U.S. President Donald Trump has extended wide… Read More ›
Dave Lesar to head Haliburton Co once Jeff Miller retires on June 1
Lesar will have to bridge low oil prices with demands for increased profitability. Halliburton Co has disclosed that Jeff Miller will be replacing Dave Lesar, its current CEO who is set to retire on June 1. Lesar has been a… Read More ›
