Daily Management Review
Business & Finance

Samsung warns about profits below forecasts

South Korean Samsung Electronics Co. shares declined on Tuesday after the company issued a profit warning before trading, reports The Wall Street Journal. The technology giant said its Q1 results would be worse than expected due to weaker sales of displays and memory chips. Signals of weak sales,...

Apple Launches Video Streaming Challenging Netflix And Amazon

Apple Inc has launched a new television and movie streaming service which can be accessed by owners of its more than 1.4 billion gadgets globally for streaming and viewing of television shows and films. The content would comprise of both original shows by Apple as well as those from other sources....

EU Will Not Name Huawei As A Threat To 5G Risks: Reuters

While making a call for all of its members to share more information in relation to efforts at tackling cybersecurity risks for new 5G networks, the European Commission would however disregard calls by the United States to ban Huawei Technologies in a communication next week, according to a report...

Nokia Reports Concerns Over Alcatel-Lucent Compliance To US SEC

Following the reporting of potential issues of compliance to the US authorities in relation to its acquisition of its former French rival Alcatel-Lucent, the Finnish network equipment maker Nokia said that it was examining some of the transactions at Alcatel-Lucent, which had been acquired by Nokia...

Nike net profit soars up

Manufacturer of sports equipment Nike (USA) increased its net profit in annual terms by 3.8 times to $ 3.04 billion for the nine months of the 2018-19 fiscal year ended February 28, according to the company's financial statements. Revenue increased by 7% to $ 9.6 billion due to growth in the...

Volkswagen’s Push Towards EV Will Result In Jobs Slash

Manufacturing electric vehicles requires thirty percent less effort, said Diess. According to Volkswagen, the aggressive stance taken by the company to drive in the manufacturing of electric cars, it will result in a forceful jobs reduction.   The aim of Volkswagen is to launch as many as...

South Korean semiconductor manufacturers shares jump after Micron report

Shares of semiconductor manufacturers in South Korea rose sharply on Thursday after publication of better-than-expected financial results of the American chip maker Micron Technology, reports CNBC. Although the American chip maker's forecast for financial quarter III turned out to be lower than...

Significant Drop In Profits In 2019 Anticipated By BMW

German luxury car maker BMW predicted on Wednesday that the current year would not be a good one for it. The car maker said that it anticipates that the pre tax profits for the entire group would drop by more than 10 per cent for the current year.   In order to create some safeguard against...

Cboe stops bitcoin trading

At the end of 2017, expectation of introducing bitcoin exchange futures contributed to its appreciation of up to $ 20,000 at the last stage of inflation of the cryptocurrency market bubble. Now bitcoin costs about $ 4,000, according to Coinmarketcap, and the exchange operator Cboe Global Markets,...

US SEC Tells Court Tesla CEO Musk Never Sought Any Pre Approval For His Tweets On Tesla

The United States Securities and Exchange Commission has alleged in court that despite and since a court-approved agreement with the US based the electric vehicle maker Tesla’s chief executive Elon Musk was reached about the manner of communication of important information about the company, Musk...
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