Daily Management Review
Business & Finance

GM Reports Record First Quarter Driven by North America & Europe

Driven by stronger results in North America and improved performance in Europe, the net income for the first quarter of 2016 or General Motors Co more than doubled to $2 billion, or $1.24 a share, the company said.   The net income per share for the latest quarter was $1.26, well ahead of...

Instead Of EPA Settlement VW Resists Move for Trial

According to a court filing, as Volkswagen braces for a crucial court hearing on Thursday, the car maker is resisting a demand from U.S. plaintiffs to go to trial rather than settle its diesel emissions case with government regulators.   April 21 was the last date that was given to...

Mitsubishi Motors Shares Tumble as it Admits Manipulating Fuel Economy Data

The shares of Mitsubishi Motors Corp were down more than 15 percent and more than $1.2 billion were whipped off its market value on Wednesday after the auto maker admitted to manipulating test data to overstate the fuel economy of 625,000 cars sold in Japan.   After Nissan Motor, which...

AB InBev ties up with SABMiller

The Japanese company Asahi agreed with Anheuser-Busch InBev (AB InBev) to acquire European beer brands Peroni, Grolsch and Meantime. The deal amounted to 2.55 billion euros ($ 2.9 billion). The agency notes that the acquisition of the European assets will allow Asahi to enter a new market and to...

Google set to be Charged with Android Abuse by EU Competition Chief: Reuters

Google is giving unfair prominence to its own apps like search and maps in supplementary software licensing deals it strikes with mobile phone makers running its Android operating system. This is the allegations that is likely to be charged against Google by the European competition commission,...

Quarter Revenues for Goldman Sachs the Lowest in More Than Four Years

As market volatility hit Goldman Sachs Group Inc's bond trading and investment banking businesses, the Wall Street bank's quarterly profit fell by more than half and revenue slumped to its lowest in more than four years.   Reflecting declines in all of its main businesses, Goldman, wrapping...

Net-Income For Wells Fargo Proves Better than Expected

The first quarterly income results of Wells Fargo for the year of 2016 show much better than it was thought. In spite of the downturn in the oil sector, the reports provided by the company of Wells Fargo show “better-than-expected quarterly results”.   In comparison to last year’s figures...

Burberry's shares went down

On Thursday, shares of British clothing and accessories manufacturer Burberry fell 7.5%, which the strongest decline since October last year. The reason for the drop is the company's financial report for the second half of the financial year 2015/16, when the revenue declined more than expected....

Oxfam Report Claims $1.4 Trillion Hidden by in Tax Havens by US Corporate

A very recent report by anti-poverty charity Oxfam claims that despite receiving trillions of dollars in taxpayer support, US corporate giants such as Apple, Walmart and General Electric have stashed $1.4 trillion (£980bn) in tax havens.   Oxfam said that the sum is held in an “opaque...

Music streaming services brought most of revenue in 2015

According to the annual report of the International Federation of the Phonographic Industry (IFPI), last year digital music sales have bypassed the physical (45% vs. 39%) for the first time in the history. Also in 2015, the overall market showed growth after a nearly continuous decline for the past...
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