Daily Management Review
Business & Finance

Riding on Increased Software Business, BlackBerry’s Third-Quarter Revenues Tops Expectations

Indicating turnaround efforts may be gaining traction BlackBerry reported its first quarter-to-quarter revenue gain in over two years o Friday as the company reported a smaller-than-expected fiscal third-quarter loss.   BlackBerry shares were up by 6.3 percent to $8.29 in premarket trading...

Apple to Tie up with UnionPay to Offer ApplePay in China, to take on Alibaba, Tencent head on

Taking its Chinese rivals Alibaba Group Holding and Tencent Holdings head one, Apple Inc said it will launch its payment service in China as soon as 2016.   China's main bank card and payment firm, UnionPay, a state-controlled consortium that has a monopoly on all yuan payment cards issued...

Big Business Involved in the Fight Against Climate Change

Negotiators from nearly 200 countries reached an historic agreement on the climate summit in Paris. The world has shown that it is still able to unite against climate change and rising greenhouse gas emissions. Under the new agreement, the Member States must prevent a global temperature rise of...

Shell’s takeover of BG not Likely to be Scuttled due to Oil Price Slide

The fact the same investors own nearly half of both firms means the deal of Royal Dutch Shell's takeover of BG Group is still likely to go through even as it might look less attractive after the slide in oil prices.   According to data publicly available, investors holding about 43 percent...

Securities Fraud Probe in the US Results in Arrest of Turning CEO.

Following a federal investigation involving his former hedge fund and a pharmaceutical company he previously headed, Martin Shkreli, a lightning rod for growing outrage over soaring prescription drug prices, was arrested by the FBI on Thursday.   A person familiar with the matter said that...

The EBRD Froze Credit for a Volkswagen Plant in Poland

The European Bank for Reconstruction and Development has suspended funding construction of a new plant of the German Volkswagen Group in Poland. According to sources in the EBRD, quoted by the information agency Reuters, the bank froze disbursement of funds under the financing project for the new...

Qualcomm Decides to Stick to its Current Structure and Decides Against a Break up of Its Business

Concluding a six-month strategic review instigated by hedge fund Jana Partners, chip giant Qualcomm Inc has decided not to split into separate chip making and technology licensing businesses.   The current structure of the San Diego-based Qualcomm - biggest maker of chips used in mobile...

Fully Automatic Vehicles to be Tested by Ford Motors in California Next Year

The first fully autonomous Ford Fusion Hybrid  sedans would roll out from the Ford Research and Innovation Center Palo Alto at the company expects the cars to take California streets next year.   Autonomous vehicle research is being expanded by Ford's Research and Innovation Center in...

Former Yahoo Executives Named by the Company Shareholders as Potential Mayer Replacement

As Yahoo comes under pressure to change strategic direction, shareholders consider former Yahoo executives Ross Levinsohn and Jacqueline Reses as potential replacements for Chief Executive Officer Marissa Mayer.   New York-based SpingOwl Asset Management, a New York based activist hedge...

$20 Billion Asset Swap With Boehringer Planned to Reshape Sanofi

Talks for a $20 billion swap are going on between Sanofi and Boehringer Ingelheim. The family-owned German group's consumer health operation is proposed to be swapped with the French pharmaceuticals company's animal health business.   With an enterprise value of 11.4 billion euros ($12.6...
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