Daily Management Review
Business & Finance

General Motors winds up production in Venezuela

Management of General Motors claims that the Venezuelan authorities have illegally seized the company's plant. In this regard, the concern is immediately suspending its activities in the country. "GMV (General Motors Venezolana) unexpectedly passed under the control of the state, which became a...

Even As Policy Drive Slows, Automakers Charge Ahead With Electrics In China

Even as policymakers scale back subsidies aimed at building sales from relatively low levels and consider tapping the brakes on sales quotas for plug-in cars, China's auto industry is charging ahead with aggressive plans to electrify cars.   To show off numerous battery electric and plug-in...

Credit Suisse: Alphabet will get ahead of Facebook, Amazon and even Apple

Dynamics of Alphabet Inc.’s shares may not have pleased investors in recent years, but analysts at Credit Suisse say that the situation will soon change. Last year, Facebook’s shares rose 29%, Amazon - 44%, while Alphabet - only 10%. Yet, this lag may disappear, as YouTube and Google Cloud will be...

Alibaba to buy MoneyGram for $ 880 million

Ant Financial, the financial arm of the Chinese online retailer Alibaba, raised its offer to buy MoneyGram International Inc. by 36%. The revised rate is $ 18 per share, compared to the previous offer of $ 13.25, according to the companies’ joint statement. Under the terms of the new deal, all of...

Chinese online games market to reach $ 34 billion

The Chinese online game market reached 177 billion yuan ($ 25.7 billion) in 2016 and, according to iResearch, will exceed 232 billion yuan ($ 33.69 billion) by 2019. The number of users of mobile online games has grown to 56.3% of the total number of players in 2016 and will exceed 66% by 2019. In...

Abbott to spend more than $ 4 billion to buy a competitor

International pharmaceutical company Abbott Laboratories and provider of diagnostic devices and services Alere Inc. agreed to reduce the amount of the merger transaction to $ 4.4 billion. The deal between the two companies was announced in February 2016. Under the original terms of the agreement,...

“Buy Ford”, Disgruntled Shareholders of Tesla Told By Elon Musk

In order to "provide a critical check on possible dysfunctional group dynamics," addition of two new independent directors to the board of the luxury electric car maker, without ties to Chief Executive Elon Musk, has been urged by a group of Tesla Inc investors.   And possibly enraged by the...

British Royal Mail may face strikes in protest over closed pension scheme

Royal Mail Plc said it would abandon the existing pension scheme, fearing that annual contributions will soon exceed 1 billion pounds sterling. This decision caused fierce criticism and a threat of strikes by the unions, reports Bloomberg. Meanwhile, the shares of the 500-year-old company grew on...

Qualcomm ordered to pay $ 814.9 million to BlackBerry

Manufacturer of processors and components Qualcomm will have to pay Blackberry $ 814.9 million for royalties overpaid by the Canadian company on results of sales of the company’s products. This news has provoked a rapid rise in BlackBerry’s quotes. In February 2017, BlackBerry and Qualcomm entered...

In Push For Overseas Growth, Japan's Dai-Ichi Life Eyes Cambodia, U.S.

Placed in line with the firm's strategy to boost overseas growth as investment returns diminish at home, Japan's Dai-ichi Life Holdings Inc plans to expand its U.S. presence and also plans to start a life insurance business in Cambodia in 2018, its president said.   yields on Japanese...
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