According to a compensation consultant, Dauman’s exit package could be as much as $90 million. According to a source who is familiar with the situation at hand, Phillippe Dauman, Viacom Inc.’s CEO and Sumner Redstone, Viacom’s controlling shareholder have resumed… Read More ›
Given the present conditions, the bank’s top management could once again forego their yearly bonus. According to Deutsche Bank’s retail chief, interest rates in the Eurozone could be hovering around the 1% mark after 3 years. Christian Sewing, Deutsche Bank’s… Read More ›
This strategic move comes in the wake of Icahn’s representative joining AIG’s board. The America International Group Inc. has disclosed that it would divest its mortgage-guarantee unit to Arch Capital Group Ltd for around $3.4 billion. By doing so, AIG,… Read More ›
With no evidence presented to show that the consumer was confused by AT&T’s thanks program, whereas Citigroup’s own evidence of the “many negative comments” only goes to show that consumers could distinguish from Citigroup’s “thank you” from AT&T’s “AT&T thanks”…. Read More ›
There have been a series of hi-profile departures from Alphabet Inc.’s projects. What’s brewing at Alphabet Inc.? Recode has reported citing sources familiar with the matter at hand that Bill Maris, founder and CEO of GV, Alphabet’s venture capital arm,… Read More ›
The move will boost Samsung’s sales of high-end luxury appliances. South Korean electronics giant Samsung Electronics Co Ltd has disclosed that it is interested in acquiring Dacor Inc, a U.S. company that manufactures luxury appliances, so as to boost sales… Read More ›
With the telecom market being increasingly saturated, telecom companies are looking for other recurring sources of revenues to boost their bottom lines. Analysts opine that Verizon Communications’ recent acquisition of two vehicle tracking firms could lead to and/or spark more… Read More ›
According to the ruling the timing of the lawsuit was too early since Seattle’s ordinance had yet to take effect. In a significant development in the history of ride sharing companies, a federal judge has dismissed a lawsuit against the… Read More ›
General Dynamics will be the principal contractor for the sale. The Pentagon has disclosed that the U.S. State Department has approved the potential sale of more than 20 armoured recovery vehicles, 130 Abrams battle tanks, and other equipment to Saudi… Read More ›
The acquisition will help Intel bolster the deep learning performance of its Xeon chipset. Intel has disclosed its intentions of acquiring Nervana Systems, a San Diego, California based company that specializes in artificial intelligence. The acquisition will bolster Intel’s deep… Read More ›
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