Following the untimely death of its co-founder Wang Jian, shares held by him of the debt-laden aviation-to-financial services conglomerate will be transferred to either a China-based charity or a New York-based foundation, which together hold a controlling stake in the… Read More ›
In a strategic shift the UK-based gambling company is aiming to relocate the sources of its revenues from regulated markets in the wake of increased headwinds from lawmakers in its home market. On Thursday, Playtech, a British gambling technology company… Read More ›
It is yet to be determined how the proposal will impact Korea Development Bank, a state run bank, which holds a 17% stake in GM Korea. According to 4 sources with direct knowledge of the matter, General Motors has offered… Read More ›
Here’s what the Institute of Fiscal Studies, leading think tank in Britain, has to say on Britain’s post Brexit finances. On Monday, a think tank stated, the noble aims of British finance minister Philip Hammond to have a budget surplus… Read More ›
Oddly Peabody’s bankruptcy comes at a time when the Donald Trump Administration is giving the fossil fuel industry the go ahead. The world’s largest private sector coal producer, Peabody Energy Corp, has disclosed that it expects to file bankruptcy under… Read More ›
Its exist underscores the growing challenges facing the U.S. retail industry with consumers preferring to shop online as opposed to visiting a brick-and-mortar store. Sources familiar with the matter at hand have disclosed that activist hedge fund Starboard Value… Read More ›
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