The Abacus case was related to the subprime mortgage crisis which was at the heart of the 2008 financial crisis. The suit claimed that Goldman Sach’s schemed to reap in huge fees by helping a hedge fund reap in huge… Read More ›
Strategy
CICC close to acquiring China Investment Securities for undisclosed sum
The strategic merger will help place CICC in the retail brokering business. As per two sources with knowledge of the matter at hand, China International Capital Corp is in an advanced acquisition talks with China Investment Securities. The leading Chinese… Read More ›
China’s Wanda to acquire Dick Clark Production for $1 billion
Wanda is owned and run by China’s richest man Wang Jianlin. He aims to bring Hollywood technology and muscle through acquisitions to the Chinese heartland. After the acquisition, he will retain Dick Clark Production’s team. Extending the ever growing Chinese… Read More ›
Britain’s Tax Agency Probes One Third of the Country’s Wealthiest People
A report by the U.K.’s National Audit Office (NAO) said that the country’s official tax collection agency is investigating one third of the wealthiest people in the U.K. currently. The tax accounting of the U.K.’s 6,500 richest individuals is studied by… Read More ›
Toyota spreads its investment by investing in ride-hailing Getaround and in Uber
With many industry analysts predicting dramatic change in the car ownership model, with these investments Toyota plans to capitalize on its mobility services. Toyota Motor Corp is all set to pilot test its new Smart Key Box technology in Getaround’s… Read More ›
Tesla Motors says acquiring SolarCity makes strategic business sense
Given the synergies of both companies, Elon Musk has described the deal as a “no brainer”. Tesla Motors Inc. has disclosed that its acquisition of SolarCity Corp will add $500 million in cash to its balance sheet over the next… Read More ›
Broadcom close to acquiring Brocade Communications Systems Inc.
Broadcom is the third largest U.S. semiconductor manufacturer by revenue, behind Intel and Qualcomm. According to sources familiar with the matter at hand, Broadcom Ltd is said to be nearing a deal to acquire Brocade Communications Systems Inc. which makes… Read More ›
BlackBerry partners with Ford Motors
In a first of its kind, BlackBerry has partnered with Ford Motor to expand the usage of its QNX operating system. The terms of the deal has yet to be disclosed. On Monday, BlackBerry Ltd disclosed it has signed a… Read More ›
Britain to splurge $2.32 billion boost cyber defences
In an increasingly connected world safeguarding national infrastructure is of prime importance. According to a statement from the British Treasury, Britain will spend $2.32 billion (1.92 billion pound) to boost its cyber security defences. Britain’s new National Cyber Security Strategy… Read More ›
The SEC has a new weapon to detect insider trading
The SEC’s Analysis and Detection Centre uses various pattern analysis methods on Big Data to detect insider trading. Earlier in May this year, when Gary Pusey, a plumber, pleaded guilty to insider trading, it wasn’t a victory for just the… Read More ›
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