Daily Management Review
Business & Finance

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...

Goldman Sachs to pay $ 5.1 billion of penalties

US Goldman Sachs have come to an agreement with the Ministry of Justice of the United States. The bank will pay US authorities $ 5.1 billion within settlement of case on the sale of mortgage securities before the crisis of 2008. This agreement is the final in a series of penalties assigned to banks...

Opposition Brews in the Deutsche Borse – LSE Tie-up

Amid mounting concern about the consequences for the merged entity if Britain votes to leave the European Union, opposition is growing in Germany to Deutsche Borse’s planned $20 billion merger with London Stock Exchange.   "It's a problem if the headquarters of the holding company will be...

Tata Steel Is Going To Sign The Deal On Selling Its Scunthorpe Plant

The company of Greybull is going to buy the Scunthorpe plant of Tata Steel in the coming week. In the coming Monday, Tata Steel is likely to sign a deal for rescuing its Scunthorpe plant.   The sale of Scunthorpe steelwork has been a talk of the market since the year of 2014, while BBC...

2016 could be a Troubled Year for US Banks due to a Dismal First Quarter

Analysts at Wall Street are of the view that since the financial crisis in 2007-2008, it has been the worst start to the year for US banks and predict poor first-quarter results after reporting begins this week.   The capital markets, and consequently loan growth, are weighed down by...

Stockholders Approve Merger of Marriott & Starwood Hotels to Create World's Largest Hotel Company

The stockholders of Starwood Hotels & Resorts Worldwide Inc and Marriott International Inc voted to approve Marriott's acquisition of Starwood to create the world's largest hotel company, the two companies said on Friday in the communiqué.   “Marriott International, Inc. and Starwood...

Toyota And Microsoft Partnership Is On Expansion Terms

Toyota Connected will be using Microsoft’s technologies to extend its service network. Toyota Motor Corp is going to expand its partnership with the Microsoft Corp which has already lasted five years. Henceforth, the duo will attempt to “develop new internet-connected vehicle services” for dealers...

Plans to Buy Yahoo’s Japan Stake by Verizon to be a Sweetener for Yahoo Bid: Bloomberg

As a measure to sweeten its offer for a first-round bid for Yahoo Inc.’s Web business next week, Verizon Communications Inc.  is willing to acquire the company’s Yahoo Japan Corp. stake, reported Bloomberg quoting sources who were conversant with the matter.   A second source told...

US Judge designates as 'Arbitrary, Capricious' MetLife's 'too big to fail' tag

The determination by the Federal regulators who had taken the decision to designate insurer MetLife Inc as "too big to fail" was opined to be "arbitrary and capricious" by the U.S. judge. The determination was struck down by the judge last month and the comments of the judge were unsealed on...
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