Daily Management Review
Business & Finance

WSJ estimates General Motors damage from strike at $ 100 mln per day

A strike by workers who seek benefits and higher salaries could cost General Motors up to $ 100 million a day, according to analysts polled by The Wall Street Journal. The consequences of the strike on the US economy will not be as significant as in the 90s, as the number of unions has declined...

Apple And Ireland File Cases Against EU Decision For Apple To Pay €13bn Tax

United States based tech giant Apple Inc said that the order of the European Union to the company to pay €13bn in back taxes to Ireland “defies reality and common sense”. This was comment was made by Apple as it and the Irish government initiated a dual legal course ot challenge the 2016 ruling of...

Drone Attacks Not To Deter Saudi Aramco To Push For Its IPO Launch

Despite the devastating drone attack on its largest oil facilities cutting down the output of Saudi oil giant Saudi Aramco by almost half, the company is pushing ahead with its planned initial public offering that will set a record in the IPO world, according to reports. Quoting sources with...

WeWork postpones IPO due to weak investor interest

The American coworking startup WeWork has postponed the initial public offering due to the weak interest of institutional investors. On September 16, the company was going to hold a road show for investors, and to conduct a listing the following week. However, the IPO has been postponed until the...

Chinese firms are turning from buyers of foreign assets into sellers

This year, Chinese companies have become net sellers of global assets for the first time since entering the global mergers and acquisitions market. According to the research company Dealogic, the slowdown in China's economic growth and the trade war with the United States are affecting the current...

Purdue Pharma files for bankruptcy

Purdue Pharma, the US-based producer of opioid painkiller OxyContin, commenced bankruptcy proceedings under Chapter 11 of the United States Bankruptcy Code. This procedure is one of the conditions of the agreement reached the other day, under which the company intends to resolve claims from the...

Goldman Sachs' Analyst Note Sourly Criticized By Apple

A rare public spat between the blue chip Wall Street firm Goldman Sachs Group Inc and its client and tech giant Apple Inc was on display as the iPhone maker openly severely criticized analyst of Goldman Sachs.   The accounting methods followed by Apple for its new TV+ product was criticized...

Sainsbury's Pledges To Reduce Plastic Usage By 50% After Consumer Pressure

The United Kingdom based retailer Sainsbury's has pledged that it would reduce ythe amount of plastic that it uses in its business by at least 50 per cent in 2025.   "We are well aware that this is ambitious as we currently use around 120,000 tonnes of plastic per year and reduce plastic...

Google, Facebook, Amazon and Apple asked to turn over internal documents

United States lawmakers now want to get hold of internal documents from from Google, Facebook, Amazon and Apple as a part of the US government’s investigations into big tech companies.   The leaders of the House judiciary committee, and its subcommittee on antitrust, sent out letters seeking...

Google to pay nearly €1 bln of fines and taxes in France

Google will pay a total of €965 million to settle tax claims of the French authorities, reports Bloomberg. These payments are expected to put an end to the lawsuit against the company in France, which has been going on for four years. Google agreed to pay nearly €1 billion to stop investigation...
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