Daily Management Review
Business & Finance

Canadian Government to be Dragged to Court Over Granting Permission to Genetically Modified Salmon

Alleging that the process of production of genetically modified salmon eggs would risk a “huge live experiment” with the genetic makeup of all wild Atlantic salmon, a number of environmental groups are taking the Canadian government to court in an attempt to halt the process.   Genetically...

Australian Authority Rejects BP Proposal to Drill Exploration Wells in Great Australian Bight

Australia’s oil and gas regulator has rejected the proposal by Oil and Gas giant BP to drill in the Great Australian Bight.   British Petroleum had wanted permission from the Australian authorities to drill four deep-water exploration wells in the Bight from next year.   The company...

Amidst a Flurry of Bad Retail Results, Wal-Mart Announces Better than Expected Results in 3rd Quarter

Wal-Mart shares went up by 2% as investors were pleased with the better than expected results for the third quarter of the current fiscal and posted more profits than anticipated by analysts on Tuesday.     Heavy investing by the company on its people and technology were anticipated to...

Indian Times Now Came to London

The English-language leading Indian TV channel Times Now is beginning broadcasting in Britain today. Thus, the broadcaster, belonging to the media group Bennet, Coleman & Co, finally made it clear that it intends to compete with the leaders of the world's TV news - BBC, CNN and Al-Jazeera. On...

Drugmaker Mylan's $26 billion Hostile Bid Snubbed by Perrigo Shareholders

Mylan NV's $26 billion hostile bid was rejected by Perrigo Co Plc's shareholders that ended the Netherlands-based generic drug maker's seven-month pursuit of its smaller rival.   This incident ensured a victory for Perrigo Chief Executive Joseph Papa as Mylan's offer expired on Friday with...

JP Morgan Case Reveals Underworld of Hired Hackers Available on Rent

An unusual glimpse into the burgeoning industry of criminal hackers for hire emerged as U.S. prosecutors this week charged two Israelis and an American fugitive with raking in hundreds of millions of dollars in one of the largest and most complex cases of cyber fraud ever exposed.   The...

Rockwell and Microsoft Develops New Technology to Allow Seamless Wireless Communication in Industrial Settings

Rockwell Automation Inc. of Milwaukee and Seattle software developer Microsoft Corp are together developing a new technology that would allow workers and managers to communicate seamlessly, whether on the factory floor or upstairs.   The companies engaged in the development of the technology...

Syngeta Rejects $42 Billion ChemChina Offer: Media Reports

A $42 Billion takeover offer by state-owned China National Chemical Corp has reportedly been rejected by the world's largest agrichemicals company, Syngenta AG.   This news has raised the shares of the company.   The company had turned down a $47 billion takeover offer from Monsanto...

British Aircraft Manufacturers to Reduce Production and Staff

Two British companies specializing in the aircraft sector - defense corporation BAE Systems and aircraft engine manufacturer Rolls-Royce - have reported worsening results and job cuts. BAE Systems announced their intention to halve production of one of the most famous aircrafts – the fighter...

Eager to Enter Person-To-Person Pay Service Market, Apple Reportedly In Talks With Banks

Apple Inc. is striving to get in to the niche market of person-to-person transfer of money through their phones. According to people familiar with the matter, Apple is in discussions with U.S. banks to develop the payment service that would let users zap money to one another from their phones...
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