Foxconn is a close second. Japan, U.S. and Taiwan will have to coordinate more closely so that the Chinese don’t get their hands on U.S. nuclear technology, which has the potential for dual use. As per a source briefed on… Read More ›
U.S
Toshiba files quarterly earning without PwC’s endorsement
The move has put immense pressure on the Tokyo Stock Exchange. With the U.S. and Japan huddling together to block a common foe, China, it is to be seen how Foxconn’s offer, which is $10 billion more than Toshiba’s internal… Read More ›
Trump wins round one: China offers concessions to avoid trade wars
The Chinese who have earlier used cyberattack as a means of gaining technological superiority in trade have now offered concessions to avoid a trade war. The Financial Times has reported citing officials familiar with the matter at hand, China is… Read More ›
URS Federal Services clinches $3.6 billion contract from the Pentagon
The Donald Trump Administration is focusing on building a stronger military. The contracts are a testament to that end. The Pentagon has disclosed that URS Federal Services Inc has been awarded a contract worth at least $3.6 billion for the… Read More ›
Amazon wins $1.5 billion tax case with IRS, negatively skews its domestic and European tax profile
With the judgement of the case being delivered less than a week before the end of the coming financial year, its tax profiles could be significantly affected. In a significant win for Amazon.com Inc, the world’s biggest online retailer has… Read More ›
High stakes battle for Wal-Mart in the U.S. groceries market
With Germany-based Aldi quickly gaining market share in the highly competitive U.S. groceries market, Wal-Mart, the pioneer and king of low prices is feeling threatened and has high stakes in this price war. According to sources familiar with Wal-Mart Stores… Read More ›
Toshiba seeking to raise $8.8 billion from its stake in its flash memory unit
Toshiba’s strategy is pretty simple: retain control over the business despite selling portions of its majority stake to multiple bidders and raise $8.8 billion in the process. In the wake of Toshiba seeking to write-off $6.3 billion on its nuclear… Read More ›
France, Germany Netherlands vulnerable to election hacking: former U.S. official Justice Department
The U.S. intelligence community has repeatedly pointed a finger at Russia for having influenced the 2016 U.S. Presidential elections and have called for a more proactive and assertive stance. As per a former official from the U.S. Justice Department who… 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 ›
Mercedes-Benz USA will only sell Smart cars in North America
Although the move has been portrayed as the latest sign of struggles for small cars in the United States, this positive could go a long way in weaning off our dependency on dirty polluting fossil fuels. In a significant development… Read More ›
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