With demand for memory chips outstripping supply, SK Hynix could significantly benefit if it wins its bid. As per a source familiar with the matter at hand, South Korea’s SK Hynix Inc, is vying for a stake in Toshiba Corp’s… Read More ›
U.S
With a $4.3 billion VW moves past U.S. diesel emission cheating crisis
The company has accepted increased scrutiny in the forms of various audits by external independent monitors. In a major development for Volkswagen AG, as part of a $4.3 billion deal with U.S. regulators, Europe’s biggest car manufacturer has agreed to… Read More ›
Floor & Decors to come out with a $1 billion IPO
The U.S. new housing and housing repairs sector has, of late, seen robust growth. According to sources familiar with the matter at hand, Floor & Decor Holdings Inc, a U.S. based tile and flooring retailer, is getting ready to launch… Read More ›
French drugmaker Ipen set to acquire Merrimack’s asset for ~$1billion
While the deal will boost Ipen’s cancer drug portfolio, Merrimack’s shareholders will receive a special dividend as an outcome of the deal. France-based drug manufacturer Ipsen SA, has disclosed it will be acquiring some assets from its U.S. peer Merrimack… Read More ›
Toshiba again accused of profit padding by securities watchdog
Japan’s Securities and Exchange Surveillance Commission has accused Toshiba’s top management of accounting fraud for the period of 2012-2014. With reports appearing in the media that a security watchdog suspects Toshiba Corp of misreporting its profits by $339.59 million (40… Read More ›
European Banks need to defend their interest more vigorously against U.S. rivals: Deutsche Bank chairman
While Deutsche Bank has ruled out a merger or a bailout, its chairman has called for a more vigorous defence for European banks and cautioned that global banking rules, should not be lopsided. German newspaper Frankfurter Allgemeine Sonntagszeitung has cited… Read More ›
Lockheed Martin wins $450M contract: Pentagon
This contract is linked to a previous contract in which Lockheed was to build and delivery F-35A fighter jets to South Korea. The Pentagon has reported that Lockheed Martin Corp has been awarded a contract worth $450 million, which is… Read More ›
Takata appears eager to settle DoJ probe before Obama leaves office
Takata’s inflator for airbags affect 42 million vehicles in the U.S. alone. This will make it the largest ever recall in U.S. history. Japanese airbag manufacturer Takata whose defective air bags have been linked to 11 deaths in the United… Read More ›
L’Oreal expands its investments in tech startups
This investment of several million euros by L’Oreal is alongside several companies including Cisco, Nokia and Accenture marks the French giant’s embrace of digital technology which not only caters to beauty products but also educates consumers in the process. French… Read More ›
Panama bans Odebrecht contract midst bribery admission
Odebrecht is facing a ban in winning future contracts in Panama unless it cooperates with Panamian authorities. With Brazil’s Odebrecht having admitted to bribing officials in Panama and other countries to snag government contracts, Panama has stated it will now… Read More ›
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