Daily Management Review
Business & Finance

Gas Shale Revolution in the United States Is Stalled

Mad and thoughtless drilling of gas wells in the United States begins to slow noticeably, as the industry is trying to cope with oversupply. Natural gas prices in the US fell to its lowest level in more than a decade this December, falling below $ 1.8 per million British thermal units.  ...

Amazon and eBay could Face Crackdown over VAT Fraud done by Overseas Sellers using the Websites

The British tax officials are mulling possibilities of forcing Amazon and eBay to cough up the bills for the ballooning VAT fraud associated with an army of small overseas sellers who are rapidly coming to dominate sales of many popular items on Britain’s leading shopping websites.  ...

Corporate bylaw Changes will now allow Apple’s Large Investors to Nominate Members to the Company Board

Handing over greater control to its big investors, Apple Inc has amended its corporate by laws that would allow shareholders to nominate new board members. It is the latest of the US companies to empower the shareholders and investors in relation to control over the company.   As major...

Pentagon Prepares Proposal for M&A Changes, Could Be Ready In 'Weeks'

Proposed business mergers that can be threats to national security could be helped being blocked by the regulators as the Pentagon and other U.S. government agencies complete a legislative proposal in coming weeks. At present the US regulators can only block mergers based on just antitrust...

4 Best Asian Cities to Foster a New Company

The Asia-Pacific region is attracting increasingly more attention of investors and entrepreneurs from around the world. Only in 2014, businesspeople invested $ 38.9 billion within 1357 transactions, up from $ 9.4 billion a year earlier, according to research agency Aranca. Analysts point out that...

Talking Car 'Intelligent Assistant' Technology Backed by BMW

After having pledged to help develop so-called ‘intelligent assistants’ for connected car technology, BMW, Samsung and Panasonic are working with speech recognition company Nuance to build out new intelligence to enable speech systems to more easily deal with regional or country-specific accents....

Media Reports Claim Google in Talks with Ford for Building its Self Driving Cars

Citing a person with knowledge of the matter, reports in the Automotive News claims that Google is in talks with automaker Ford Motor Co to help build the Internet search company's autonomous cars.   It has been reported that the possible deal, if finalized, would be concluded at the annual...

JP Morgan Agrees to Settle Class Action in ‘London Whale’ Scandal for $150 million

In a settlement of its "London Whale" trading scandal, JP Morgan Chase & Co agreed to pay $150 million to resolve the securities fraud lawsuit by investors which had sued the suing the bank over the scandal which caused a $6.2 billion loss.   A class action lawsuit filed in the wake of...

Ending a Year Long Stalemate, Ericsson and Apple Sign Patent Deal

Ending a year-long dispute, Swedish mobile telecom gear maker Ericsson announced it had signed a patent license deal with Apple Inc which send the shares of the Swedish company up by 7 percent on Monday.   It is estimated overall revenue from intellectual property rights in 2015 would hit 13...

7,000 Jobs to be Cut in Toshiba PC and TV Units, Company to Pose Record loss

In an overhaul that will streamline the sprawling conglomerate into a company focused on chips and nuclear energy Japan’s Toshiba has said it will cut nearly 7,000 consumer electronics jobs after a $1.3 billion accounting scandal.   The eventual job cuts spanning the entire PC-to-nuclear...
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