Daily Management Review
Business & Finance

Banks are Reducing Lending to Oil and Gas Companies in the US

Most of US oil and gas companies are preparing for a sharp reduction in credit lines from the banking sector in the short term. According to a study of Haynes and Boone legal company, 79% of the companies of the fuel and power segment of the US economy are expecting reduce in funding from banks....

Seven Major Banks in Swiss Watchdog Probe Gambit over Precious Metals Price Fixing

The Swiss competition commission said on Monday that it was probing seven banks UBS, HSBC, Deutsche Bank, Julius Baer, Barclays, Morgan Stanley and Mitsui, over allegations of possible price fixing in the precious metals market.   It has been alleged that...

TV Like Video Ads Now Possible on Facebook

In the hope of unlocking big advertiser spend, Facebook would now allow advertiser buy ad spaces for video advertisements in a way similar to how the advertisers book TV ads now. Facebook is soon to launch a new product for this purpose. The advertisement product would be based on the what TV...

The Eighth Percentage Distribution To The Lehman Brothers Holdings Inc.’s Debtor Is To Be Held Next Year

The aggregated eighth distribution of Lehman Brothers Holdings Inc. has been officially announced. New York – 25 September 2015 – Being the “Plan Administrator” of Lehman Brothers Holdings Inc. informed that the “percentage recovery” of the court filing will be brought to the holders who have...

Volkswagen's New Chief Has a Tough Job at Hand

Even as Volkswagen expectedly named company veteran Matthias Mueller as its chief executive on Friday, Germany's transport minister announced the carmaker had manipulated test results for about 2.8 million vehicles in the country, nearly six times as many as it has admitted to falsifying in the...

Hewlett-Packard knew of facts before acquiring Autonomy

KPMG’s report shows Hewlett-Packard was aware of facts before acquiring Autonomy. As per Mike Lynch, founder of Autonomy, Hewlett-Packard Co was aware of the on-going practices at Autonomy, including its growth rates and its hardware sales, which were boosted by different accounting rules before it...

Apple iPhone 6S Hits Shelve, Company Expects Record First Week Sales

With fans camping outside stores to be the first to get their hands on Apple Inc.’s latest iPhone 6S, the launch which commenced in the UK on Friday was welcomed with the now all so well known fanfare. This has prompted the company to predict new records for opening weekend sales of the newest...

U.S. Antitrust Body - FTC, to Investigate Allegations Against Google Mobile Android Operating System

The US Federal Trade Commission is investigating about whether Google Inc is using its Android mobile operating system to stifle competition, reported the Reuters. Action by U.S. regulators would be a big problem for the US IT giant as the Android mobile platform is a key element in Google's...

Volkswagen Board Meeting to Choose New CEO and Axe Some Top US Officials of the Company

In an effort to show that it is acting decisively to end a crisis over its rigging of U.S. diesel emission tests and to install confidence among the investors and shareholders after the historic fall in its share prices, the Volkswagen board expected to name Matthias Mueller, the head of its...

Rare 1970's Whiskey From Glenmorangie to be Sold at $50,000 a Bottle

Three bottles of 1970’s batch of Glenmorangie whiskey in the US would be sold for $50,000. These are part of the company’s set of 10 bottles, the last bottles remaining on Earth form the 1970’s Collection, is loved for its exceptional single malt scotch. “It’s like tasting a piece of history,”...
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