In 2016 Abbott Laboratories shares have traded in the range of $37 to $45. As per the Barron’s report the shares make a good buy since Abbott’s Laboratories acquisition of St Jude have skewed its global profile to the U.S…. Read More ›
Strategy
Burden of OPEC Oil Cuts Being Taken by Saudi Arabia
Saudi Arabia is overcompensating for some of its fellow oil producers even as OPEC members appear to be complying with agreed production cuts. 10 member states are required to reduce their collective output by 1.2 million barrels per day (bpd)… Read More ›
Snap Inc’s forecasts $1 billion for Amazon’s cloud services
Snap already has a $2 billion contract for Google’s cloud services. The $1 billion it plans on spending on Amazon’s cloud services is in addition to its Google cloud service commitments. Eventually, Snap plans on investing in its own data… Read More ›
Morgan Stanley likely to relocate to Hudson Yards
Yes, it is the same site BlackRock Inc. will also move to in 2022. The Wall Street Journal has reported citing people familiar with the matter at hand, Morgan Stanley is contemplating on moving to Manhattan’s West Side’s Hudson Yards. Morgan… Read More ›
Blackstone acquires Aon’s benefits outsourcing business for $4.8 billion
This business processes the work benefits of roughly 15% of the current U.S. population. As per people familiar with the matter at hand, Blackstone Group LP has agreed to acquire Aon Plc’s employee benefits outsourcing business for nearly $4.8 billion…. Read More ›
UK plans on removing a major hurdle facing self-driving vehicles
Britain’s transportation minister is set to make self-driving friendly insurance rules, a fact which could nurture the nascent industry which globally has been valued at $1.1 trillion by 2025. In what is likely to be a major strategic shift to… Read More ›
Donald Trump needs to tackle China on trade tariffs: U.S. ethanol and grain producers
China, one of the biggest importers of U.S. agricultural products, has imposed punitive tariffs on U.S. agricultural produce which has resulted in the cancellation of several orders. Three industry groups in the U.S, who represent U.S. grain growers and ethanol… Read More ›
Scottish government to demand a 2nd independence referendum
The Courier Newspaper in Dundee has reported that British Prime Minister Theresa May is secretly working on a strategy to deal with Scotland’s demand for a second independence referendum. In a significant development for the UK, the Scottish government has… Read More ›
Singapore Airlines likely to order from Boeing for expanding its fleet of passenger aircrafts
If the order comes through, Boeing will have to up its game and significantly reduce delivery delays which has been plaguing it for a while now. Alternatively, a bigger capacity aircraft should make more economic sense. Bloomberg has reported citing… Read More ›
Carlsberg CEO: Despite Russia’s Ban on Big Bottles, 2016 was a ‘Good Year for Carlsberg’
While Carlsberg’s chief executive remains confident on the company’s overall results and future, and as the Danish drinks giant comes to grips with difficult market conditions in Eastern Europe, even as its fourth-quarter sales may have missed expectations. “At the… Read More ›
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