However, VW is still on in the all clear. It will have to wait till October 18 wherein U.S. District Judge Charles Breyer will pronounce his verdict in a final approval. In a significant development in Volkswagen AG’s history, a… Read More ›
Strategy
Zenefits settles with Tennessee regulators for $62,500
However investigations are still ongoing at Washington, Massachusetts and California. The company will count itself lucky if it can get off as lightly as this. According to officials from the state of Tennessee, Zenefits must pay the state $62,500 for… Read More ›
SK Hynix reports drop in second quarter profits
The launch of premium electronic products in the third quarter are likely to lend support for its DRAM and NAND chips. South Korean memory chip manufacturing giant, SK Hynix Inc. has reported a fall in its second quarter profits, its… Read More ›
Amazon exploring possibility of using drone delivery tech in UK
According to the Federal Aviation Administration separate regulation will be required before this service can commence in the U.S. In a significant development, Amazon.com has reported that it has entered into a partnership with the British government so as to… Read More ›
Verizon acquires Yahoo for $5 billion
The deal is set to be announced before NYSE opens for trading today. According to sources familiar with the matter at hand, Verizon Communications Inc. is set to acquire Yahoo Inc. for about $5 billion. Sources have further revealed that… Read More ›
Germany’s Allianz seeking closer ties with U.S. based Pimco
Pimco is facing a lot of turmoil with a heavy outflow investors and key executives, including its founder. Financial Times has reported citing a top executive at Allianz, a German insurer that the company wants closer ties with Pimco, a… Read More ›
Scope of insider trading laws to be freshly tested by Preet Bharara’s office
This could be a landmark case which sets the scope for insider trading. In what could result in a landmark ruling, a former Wall Street investment banker is set to face off federal prosecutors in a first case of insider… Read More ›
Syngenta posts lower than expected drop in 1st quarter
It expects ChemChina to complete its acquisition by the end of this year. Syngenta has disclosed that it expects ChemChina to close its takeover deal by the end of 2016. Meanwhile it has reported an unexpected drop in lower profits… Read More ›
Goldman Sachs to launch $5-$8 billion corporate buyout fund
This is the first time that Goldman Sachs is raising such funds after the 2008 financial crisis, although the amounts are nearly 5 times smaller. According to a source who is familiar with the matter at hand, the Goldman Sachs… Read More ›
Thailand wooing BMW to set up battery plant for plug-in hybrid vehicles
BMW is already heavily invested in the country with Thailand being its top export hub in the region. As per Thailand’s Industry Minister, BMW is considering setting up a new factory which will manufacture batteries for hybrid vehicles in the… Read More ›
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