Daily Management Review
Business & Finance

$3 Billion to be Bid by Verizon for Yahoo’s Web Assets: WSJ

A second-round bid of about $3 billion for Yahoo  Inc.’s core internet business is being planned by Verizon Communications, reports the Wall Street Journal citing a person familiar with the matter.   It was expected that the Monday’s deadline for the second round of bids would...

International Tankers Help Ship Iranian Fuel Resulting in Iran's Oil Exports Surge: Reuters

Following the lifting of sanctions in January, at present Iran has been able to ramp up exports much faster than analysts had expected aided by more than 25 European and Asian-owned supertankers that are shipping Iranian oil, reported Reuters.   More than a third of Iran's crude shipments...

Saudis Pledge no Shocks Despite Failed OPEC Meeting

While Iran’s arch-rival Saudi Arabia promised not to flood the market and sought to mend fences within the OPEC, Tehran insisted on steeply raising its own production which resulted in a failed OPEC meeting where the oil producers had gathered to agree on a clear oil-output strategy.   There...

JPMorgan: 4 drivers for the market chaos in 2016

Almost everyone has accustomed to the fact that the situation in the world economy is far from stable. Economists, analysts and officials are preparing the world for a crisis, yet it is unclear what its main catalyst will look like. In the opinion of JPMorgan, the four horsemen of the global...

Saudi Arabia's Sovereign Wealth Fund to Invest $3.5 billion in Uber

Uber has been able to gain a crucial partner in its efforts at expansion into the Middle East countries in the way of Saudi Arabia Public Investment Fund as the cab hailing company managed to raise $3.5 billion from Saudi Arabia's sovereign wealth fund, announced the U.S. ride-hailing service on...

Xiaomi Purchases Software Patents From Microsoft For Adding Them On Its Smartphones

Now the smart-phones of Xiaomi will come with Microsoft software. Xiaomi, the smart-phone manufacturer of China, has come to an agreeable term with Microsoft, whereby the former will purchase “1,500 patents” from the latter. Likewise, Xiaomi has bagged some “helpful intellectual property”, while...

Aiming to Build ‘Long Term Relationships’, Microsoft Sells Patents to Xiaomi

As a part of what the two companies – Microsoft and Chinese device maker Xiaomi say is the start of a long-term partnership and in a rare departure from its strategy and values for the U.S. company, software maker Microsoft Corp is selling about 1,500 of its patents to Xiaomi.   A commitment...

Dell Buyout Valued at $24.9 Billion was Underpriced by 22 Percent, Rules U.S. Judge

Michael Dell and Silver Lake Partners may have to pay tens of millions to investors who opposed the deal for the computer maker as they have been ruled by a a Delaware judge to have underpriced their 2013 $24.9 billion buyout of Dell Inc by about 22 percent.   For the specialized hedge funds...

Why salaries of oil companies' executives affect the entire oil industry

Heads of oil companies have traditionally been considered one of the highest paid managers in the world. And, as it turned out, their remuneration’s model is so wrong that it harms the entire sector. What if workers would not receive the money not for produced goods or a comparable coefficient, but...

Boeing Set to be Awarded £2bn Apache deal by UK MoD

With a £2bn contract for new Apache helicopters set to be awarded to Boeing, the UK’s Ministry of Defence is poised to hand another major deal to a US company.   The deal has been at the centre of efforts for  anumber of companies. one such company is Leonardo, the Italian aerospace...
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