Daily Management Review
Business & Finance

Volkswagen to settle argument with the US car dealers

Most diesel passenger cars made by Volkswagen cannot be upgraded to full compliance with environmental standards for US vehicles. However, some trucks can be adjusted to the standard, said the lawyer of the German automaker, quoted by The Wall Street Journal. Volkswagen’s lawyer also said in the...

Newspapers and books are more profitable than technologies

Even though high-tech is rapidly developing today, it’s high time to invest in printed newspapers and books. Over the past five years, MSCI World Technology Information, currently unites quotes of 157 high-tech companies, has added about 92.5% to value. Similar index of WHSmith, the oldest British...

Under ‘Section 363 of Bankruptcy Code’, Hilco To Conduct Intellectual Property Sale

In order to acquire the IP sale of Hilco, the bids are to be submitted in advance. Following the court’s approval, under bankruptcy Hilco Streambank is hired for assisting “Draw Another Circle”, part of “Hastings Entertainment”, in selling “its intellectual property assets”.   The list of...

Race to Become Asia’s Most Valued Firm now Limited to Samsung and Tencent

As expectations for robust earnings growth push their share prices to record highs, Tencent Holdings Ltd and Samsung Electronics Co Ltd are racing to be crowned Asia's most valuable company.   While rivals Apple Inc and Alibaba have struggled, both the companies have been made the world's...

Is it Time over for Switzerland’s Luxury Watch Sales?

Is this the end of the watch industry in Switzerland when it acts as a very reliable source of income revenue generation of re country?   Netting in a combined total of 1.5 billion Swiss francs ($1.56 bn) in sales of watches, exports of the country’s timepieces fell by 14.2 percent in July,...

Elon Musk and cousins to buy up 80% of SolarCity

Elon Musk and his cousins will buy 80% of issued SolarCity bonds worth $ 65 million and $ 17.5, respectively, of the total emission of $ 124 million, it follows from the company’s paper presented to the SEC. Musk himself will buy back bonds in the amount of $ 65 - $ 124 million. The company’s CEO...

Asia surpassed North America in fintech investments

Asian fintech sector for the first time surpassed the North American in terms of attracting investment. Asian companies, of which 90% were Chinese, attracted nearly $ 10 billion during seven months, while North American companies made just half of the sum. During seven months of 2016, Asian fintech...

Samsung’s Third Tizen OS Smartphone to Hit Indian Smartphone Market this Month

The third smartphone powered by Samsung Electronics Co Ltd’s own Tizen mobile operating system would become available in the markets in India next week, the South Korean tech giant said on Tuesday.   The Z2 phone will be the cheapest Tizen phone Samsung has launched to date at 4,590 rupees...

Amazon To Introduce Music Subscription Services With A Monthly Charge Of ‘$5’

Recode breaks the news, quoting sources, about Amazon’s next musical venture. The company of Amazon.com Inc is busy developing a “music subscription service” that would be available at a monthly rate of “$5”, while the same would “only work on its Echo hardware”. The said information was reported...

Pfizer buys Medivation for $ 14 billion

American pharmaceutical company Pfizer Inc. is going to buy biotech company Medivation Inc., specializes in development of anti-cancer drugs, for $ 14 billion. Pfizer will pay $ 81.50 in cash per Medivation’s share, Pfizer announced in its report. This is 21% higher than cost of Medivation shares...
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