Despite the hit, Mitsubishi UFJ Financial Group Inc (MUFG) has continued to forecast a net profit. On Monday, As per a report from the Nikkei, Japan’s MUFG is set to book a charge of around $893.34 million (100 billion yen)… Read More ›
profitability
Deutsche Bank to place assets in safe-haven liquidities rather than cash: CFO
This minor change in asset holding strategy is likely to result in improved results, reduced risk tolerance, and at reduced costs. As part of a strategic decision to boost profitability, Deutsche Bank’s Chief Financial Officer stated, it plans on holding… Read More ›
Tesla shifts gear from ‘production hell’ to ‘delivery logistics hell’
Irrespective of which hell it is trying to get out of, luxury carmaker Tesla is moving ahead and streamlining issues surrounding its electric car lineup. Shareholders would be particularly thrilled if it latches on to profitability. In a development that… Read More ›
Cigna Corp overpaying for acquiring Express Scripts Holding Co: Carl Icahn
The deal, as pointed out by Carl Icahn’s letter to Cigna’s shareholders, has at least two significant areas of concern. On Tuesday, billionaire investor Carl Icahn urged Cigna Corp’s shareholders to vote against Cigna’s $52 billion acquisition of Express Scripts… Read More ›
Deutsche Bank to slash global headcount by 25%
The move is part of Deutsche Bank‘s strategy of to turn the corner and become profitable once again. On Thursday, Deutsche Bank disclosed it plans on reducing its global staff to levels below 90,000, down from 97,000, as part of… Read More ›
Airport infrastructure costs needs to be kept low: IATA CEO
Booming air traffic has given rise to surge in profits across global air-carriers, however with their net margin being at just 4.7%, the scope for exuberance is limited. On Monday, Alexandre de Juniac, the Chief Executive of International Air Transport… Read More ›
Tesla works to resolve legacy clients related issues with Grohmann Engineering
Tesla’s needs Grohmann Engineering’s expertise to ramp up its production to 500,000 cars by 2018. Tesla Inc has stated it is determined to resolve the outstanding disputes with the legacy customers of its Grohmann engineering unit. Issues had flared up after… Read More ›
Cash flow rather than volume could be GM’s next mantra
General Motor’s decision to sell its Opel brand signifies its CEO’s vision to focus on the company’s Return on Investment rather than sales volume as a measure of GM’s success. For General Motors, putting its European operations up for sale… Read More ›
UK based Reckitt Benkiser in advanced talks with Mead Johnson for a potential takeover
Analysts have said the potentially 16.7 billion will see the “health and hygiene” company move into “infant nutrition” which isn’t such a big leap considering the grey area between healthcare and food. The Reckitt Benckiser Group Plc, best known for… Read More ›
Ford expects increased costs in 2017, more profits in 2018
Increased costs due to factors, including those related to the outcome of the U.S. elections as well as those related to the challenges of self-driving cars are likely to push up Ford Motor’s costs in 2017. GM, however, has provided… Read More ›
manageria.biz 