Britain will need to address and charter a course for improving its relationship with the world’s largest trading block before it can deal with the aftershock of its historic decision. As per Britain’s independent budget regulator, the publication of next… Read More ›
Strategy
Oracle found in breach of contract for HP developing software for HP’s Itanium servers
A jury has awarded $3 billion damages to Oracle, which the company has decided to appeal. Oracle’s spokeswoman has disclosed that a California jury has ordered the company to pay to pay Hewlett-Packard Enterprise Co $3 billion in damages in… Read More ›
Disney values MLB Advanced Media at $3.5 billion, set to buy 33% stake in it
MLB Advanced Media is the video arm of Major League Basketball. Bloomberg has reported citing a source who is familiar with the matter at hand that Walt Disney Co. is set to buy a 33% stake in MLB Advanced Media,… Read More ›
Brazil’s superior court tells BHP & Vale to shell $6.23 billion for the country’s worst ever environmental disaster
BHP and Vale’s settlement of $2.3 billion was overturned by the court and it was told to pay $6.23 billion. It has now decided to fight the case, rather than settle. BHP Billiton has disclosed that it would appeal the… Read More ›
Japan’s antitrust regulators probing Canon’s Toshiba deal
Although the structure of the deal was unorthodox, according to Toshiba, it had consulted legal experts who approved the deal from a legal perspective. According to a source with direct knowledge of the matter at hand, Japan’s anti-monopoly regulator is… Read More ›
JP Morgan expects Scotland to have independent currency by 2019
Before Britain triggers Article 50, it needs to factor in the cost and long and near term implications of its decision. As a fallout of Britain’s historic decision to leave the European Union, JP Morgan has disclosed that it expects… Read More ›
IKEA recalls chests and drawers following infant deaths
Customers can either get a refund or benefit from a free wall-anchoring kit. According to the U.S. Consumer Product Safety Commission (CPSC), IKEA has recalled almost 36 million dressers and chests in Canada and in the United States since they… Read More ›
Hong Kong’s Securities and Futures Commission censures Bank of America for breach of its takeover code
It had earlier this year censured Goldman Sachs for a deal dating back to 2014. Hong Kong’s Securities and Futures Commission (SFC) has disclosed that it has censured two units of Bank of America for multiple breaches of the region’s… Read More ›
Lyft hires Qatalyst Partners
Is Lyft getting ready for another funding round? The Wall Street Journal has reported citing sources familiar with the matter at hand that Lyft, a ride sharing service, has hired Qatalyst Partners, an investment bank. According to the WSJ, Frank… Read More ›