The United States may start notifying U.S. lawmakers as early as next as it is poised to sell $7 billion worth of Boeing Co fighter jets to Qatar and Kuwait after years of delays. The Reuters reported this citing information… Read More ›
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$1.8 Billion U.S. Property Deal Lost by Goldman Sachs: Reports
The Blackstone Group LP to prevail with a $1.8 billion deal for Alecta’s U.S. real estate sale, after Goldman Sachs Group Inc., which was the original winner of the sale, managed to goof up the transaction due to a disagreement… Read More ›
Mylan’s Generic EpiPen to be Available at Half the Price of Original
As a second step in less than a week to counter the backlash over the product’s steep price, the first generic version of its allergy auto-injector EpiPen for $300, half the price of the branded product, Mylan NV said. In… Read More ›
Goldman is Upbeat Over India and these are the Reasons Why
According to Goldman Sachs, in the current fiscal year, the world’s fastest-growing major economy is set to accelerate. The investment bank said in a note that accelerating from 7.6 percent in the previous year, India’s economy is set to grow… 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 ›
Sharing Economy to Ease Europe’s Refugee Crisis to be Used by This Not-profit Organization
Where to house the refugees and how to assimilate them into the host country’s culture are the two main concerns of Europe’s refugee crisis and the sharing economy’s methods is being aimed by one non-profit organization in the region to try… Read More ›
Eurozone’s banking environment challenging – Deutsche Bank’s retail chief
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 ›
AIG to sell its mortgage-guarantee unit to Arch Capital Group for $3.4 billion
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 ›
U.S. Federal Judge disallows unionizing of taxi, Uber and Lyft drivers
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 ›
Market Abuzz with Expectations from September OPEC Meeting
Oil prices have been driven higher and shorts in the futures market have been squeezed out with just the whiff of an OPEC meeting and this has in turn made it more unlikely that any action would be taken by… Read More ›
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