Daily Management Review
Business & Finance

Google Is The 4thAmerican Company Ever To Go Past $1 Trillion Market Value

Google’s parent Alphabet became the fourth American company that surpassed the $1 trillion mark in market valuation. The other companies include Apple, Amazon and Microsoft – all of which have surpassed the mark within the last two years.   “So proud to see it hit the storied $1T market cap...

Football’s First Billion-Dollar Club Is FC Barcelona: Deloitte Report

A new report has revealed that between 2018 and 2019, a record revenue of $959.3 million was generated by the Spanish soccer giant FC Barcelona. That made it the biggest cash-generating club in sports ever.   A ranking of the wealthiest soccer clubs of the world based on the revenues...

Samsung’s New Normal Shorter Chip-Cycle

Even though, Samsung has recorded poor performances in the last quarters of 2019, analysts expect an imminent recovery. The emergence of shorter “memory-chip cycle is drawing close. Likewise, a “34% slump in quarterly operating profit” is seen in Samsung Electronics’ 2019 year end figure. Even...

US court orders Telegram to disclose financial data at SEC's request

The US court demanded that Telegram disclose financial information, the access to which is requested by the US Securities and Exchange Commission. The company must transmit all the necessary documents until February 26. The District Court of the Southern District of the State of New York ordered...

Renault-Nissan Alliance Is Anything But Dead, Say The Companies

Japanese auto company Nissan has denied has denied media reports that there was a threat of dissolution of its alliance with the French auto giant Renault, announced the French auto maker on Tuesday. That announcement resulted in a surge in its stocks.   Shares of both Nissan and Renault...

Visa to pay $5,3B for Plaid fintech startup

US payment system Visa Inc. acquires Plaid startup for $ 5.3 billion. Plaid helps link bank accounts to mobile applications, according to Visa’s press release. "Today Visa Inc. announced signing of a final agreement to acquire Plaid, a network that allows people to easily and securely link their...

2019 A Record Breaking Year For Porsche Sale

2019 has been a very good year for the German high-performance car manufacturer Porsche. The company has said that the last year was one in which the company sold record number of its cars world wide.   More than 280,800 vehicles were delivered to its customers in 2019 by the company which...

Apple Uses Robot To Disassemble iPhones To Recover Minerals For Reuse

Mining companies around the world have warned of higher demand for minerals with a shift in the consumption and usage pattern of minerals such as in the use of more rare minerals for electric vehicles.   While agreeing that there is a rising demand for electronic products means new mines...

Nissan management accelerates preparation of secret plan to leave alliance with Renault

Top managers of Nissan Motor Co have stepped up preparation of a secret plan to exit the alliance with Renault after the ex-head of both companies Carlos Ghosn fled from Japan, the Financial Times writes. The plan provides for a complete refusal to cooperate with Renault both in the development of...

Record IPO Of $29.4 Billion For Saudi Aramco After Over-Allotment Of Shares

The State owned Saudi Arabian oil behemoth Saudi Aramco has extended its record fund generation form its initial public offering (IPO) to $29.4 billion, the company announced on Sunday, with the help of selling off an additional 450 million shares at the stock market through its right of exercising...
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