The $7 billion investment plan by Sharp Corp is aimed at smoothening U.S.-Japan ties. A source with knowledge of the matter has revealed that Sharp Corp is likely to build a $7 billion plant during the first half of this… Read More ›
United States
SK Hynix places its bid for Toshiba’s memory business unit
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 ›
Britain in dire straits for a deal with the U.S.
Theresa May knows her legacy depends on walking on the middle path: cosying up to Trump will not put her in the good graces of her neighbours; revealing her “Hard Brexit” stance has already pushed her against the wall. Desperate… Read More ›
Harvard Management Co to outsource most endowment management
Harvard Management Co oversees the United States’ largest endowment. The Wall Street Journal has reported citing sources familiar with the matter at hand that Harvard University’s investment arm is likely to outsource the management of its $35.7 billion endowment and… Read More ›
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 ›
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