With VW cancelling a contract, its two suppliers CarTrim and ES Automobilguss had to suffer heavy losses running into tens of millions. They are wanting to be compensated for the same. If VW were to allow these losses to be… Read More ›
Strategy
Germany’s exports to Iran touches new high in first 6 months of 2016
A surge in domestic demands and Iran’s appetite for German goods are likely to fuel further growth in Germany’s economy. After the removal of international sanctions against the Iran, Germany’s exports of equipment and machineries to the Islamic Republic has… Read More ›
Panasonic could claim a 10.74% stake in Slovenia’s Gorenje
As and when Panasonic makes its move, Gorenje’s share could see a lift-off. The operations of Gorenje, a Slovenian household appliances manufacturer, has come back to black midst potential takeover talks by Panasonic. Gorenje has reported that it has returned… Read More ›
Customers Keep Coming to Branches as U.S. Banks Want to Close them down
The banking industry’s efforts to slim down are getting complicated by many U.S. customers who are not ready to give up regular visits to their nearest branch despite the banks’ nudging toward online tools. According to Federal Deposit Insurance Corp… Read More ›
Pfizer’s homes in on Medivation with a deal of $14 billion
Pfizer’s zeroes in on Medivation with its offer of a little more than $80 per share. According to sources familiar with the matter at hand, Pfizer Inc. is said to be in advanced talks with Medivation Inc. so as to… Read More ›
ChemChina close to clearing CFIUS hurdle: sources
Given China’s profile, especially in the security context, it wouldn’t be surprising if it does not pass the CFIUS review. The fog of war could be lifted sometime next week, when the outcome of the review process is announced by… Read More ›
Toyota’s assembly lines resume churning out cars after a gap of 6 months
A host of factors including shortage of hard currency, vehicle parts and severe recession had earlier stalled Toyota’s manufacturing activity in Venezuela. In a move that bodes well for Toyota and for the Venezuelan economy, Toyota has disclosed that it… Read More ›
FDIC settles WaMu disputes with JP Morgan
JP Morgan Chase & Co is set to receive $645 million out of this settlement. JPMorgan Chase & Co has disclosed that it is set to receive $645 million arising out of a settlement from a litigation with Deutsche Bank… Read More ›
Alphabet, Apple, AT&T, Verizon and others are collaborating with the govt to crack down on robocalls
Robocalls are typically used by scam artists and telemarketers. Described as a scourge by many, a taskforce has now been created to deal with this menace. In a move designed to crack down on “robocalls”, more than 30 large communication… Read More ›
Agreement Reached Between Viacom and Controlling Shareholder Sumner Redstone: Reuters
An agreement on terms of a settlement that would result in the departure of Chief Executive Philippe Dauman has been reached between Viacom and controlling shareholder Summer Redstone, reports Reuters quoting sources familiar with the situation. The battle has been a… Read More ›
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