The testimony of the independent medical practitioner who will test the soundness of Sumner Redstone’s mental health will be key factor in the trial. In a significant development a Delaware judge has ruled that Sumner Redstone’s lawyers will have to… Read More ›
Strategy
Oracle set to acquire NetSuite for $9.3 billion
Although the deal makes strategic sense for Oracle, however, since Ellison has a 40% stake in NetSuite, in case of an overpayment, the deal could face strong headwinds. In a deal that is likely to provide Oracle, a bigger pie… Read More ›
Eurozone’s economic data in stark contrast to Britain’s
Consumer and business sentiments across economies are looking up in the Eurozone. However, Britain’s brush with recession is likely to have an impact on the bloc. According to freshly available data, although Brexit’s shockwaves have had widespread economic impact on… Read More ›
Alphabet’s revenues rise beats analyst’s expectations
Revenues from advertising from mobile devices have been the company’s growth engines – a strategic shift from the past. Alphabet Inc.’s efforts to leverage its sizeable advertising business in mobile computing has paid off with its second quarter earnings giving… Read More ›
Corporate Profits Roiled Around the Globe due to Venezuela Crisis
To insulate themselves from a worsening economic crisis in Venezuela that has erased more than $10 billion in profits over the past 18 months, U.S. companies operating in the South American country have escalated the use of an accounting maneuver…. Read More ›
Samsung expects strong second quarter results
Samsung’s second quarter earnings are set to rise on the back of strong demand for electronic components and the launch of new smartphones. South Korean electronics giant, Samsung Electronics Co Ltd has disclosed that it expects its results for the… Read More ›
Shanghai Fosun Pharmaceutical Group Co Ltd acquires Gland Pharma for $1.4 billion
Gland Pharma’s backers include U.S. based KKR & Co LP while Shanghai Fosun Pharma has Guo Guangchang, China’s best known entrepreneur, as its founder. According to sources with direct knowledge of the matter at hand, the Shanghai Fosun Pharmaceutical Group… Read More ›
Numerous British surveys shows the impact of Brexit on Britain’s economy
This is a good time to invest in properties in Britain. Property prices have taken a direct hit following Brexit. The impact of Britain’s historic decision to leave the European Union is now making its presence felt across Britain with… Read More ›
India replaces China for Apple’s growth engine
Its growth rate in India has jumped by 51%. In a development that has soothed the ruffled feathers of industry analysts, Apple has reported that it has sold more iPhones than Wall Street had estimated thus enabling its revenues to… Read More ›
Britain woos companies with a discount of upto 90% for oil and natural gas
The region that it has now opened up was subjected to a seismic testing campaign last year. In a bid to contain the fallout of its historic vote, Britain has now drastically reduced its rental fees in its latest tender… Read More ›