Daily Management Review
Business & Finance

Nokia's fail story: the mobile brand buried by Microsoft

Microsoft may terminate release of Nokia phones and sell the brand to the Taiwanese company Foxconn. This reported Phonearena citing a source familiar with the situation. The possible transaction’s amount was not specified. Recall, that in 2014, Nokia had been forced to sell its mobile phone...

Slow Sales New Challenge for Boeing's 787 Dreamliner

After having faced challenges since its early days with production delays to batteries that smoked and burned, Boeing Co's high-tech 787 Dreamliner is now facing a challenge of slowing sale.   The troubles for the Dreamliner resulted in the grounding of the worldwide fleet for months in...

U.S. IPO may be Considered by Uber China Rival Didi as Early as 2017: Bloomberg

If media reports are to be believed, it might not be loon before Apple Inc. is able to reap the benefits of investing $1 billion in Chinese car-hailing service Didi Chuxing.   According to Bloomberg, Didi is targeting an initial public offering in New York next year. Quoting sources, the...

Second Bank Faces Malware Attack while BAE Claims Bangladesh Bank heist similar to Sony Hack

While global financial network SWIFT disclosed a previously unreported attack on a commercial bank, the hack at Sony Corp's film studio in 2014 was connected to the cyber heist of $81 million from the Bangladesh central bank by investigators probing it.   Cyber-security firm BAE Systems said...

London is a snug place for super rich

London hosts more billionaires than any other city in the world, says a new study of Wealth Insight. The capital of the UK is a haven for 4400 super-riches, the net assets of whom amounted to $ 30 million or more, indicate Wealth Insight data for 2015. This is by 0.8% more compared to the previous...

Low-cost SUVs to be made by Hyundai to Battle Chinese Rivals: Reuters

News Agency Reuters reports that from next year, three low-cost sport utility vehicles (SUVs) would be launched in China by Hyundai Motor and affiliate Kia Motors. China is the largest market for them.   Deviating from their strategy of appealing to price-conscious Chinese buyers with older...

Reports of Takeover Interests Causes Monsanto Shares to Jump

Highlighting the drive for further consolidation in the agro seed sector, news reports that Bayer AG and BASF SE were interested in acquiring the world's largest seed producer saw shares of Monsanto Co rally as much as 12 percent on Thursday.   People familiar with the matter told Reuters on...

Swatch to introduce its 'smart' model to the European market

Swatch Company entered into a cooperation agreement with the payment system Visa Europe and Swiss Corner Bank. Within the new project, Swatch Bellamy smart watch will be equipped with the NFC-technology, which can be used for contactless purchases. "Bank customers can create a register entry by...

Zynga's office is more expensive than the company's whole business

After a long series of setbacks that have plagued the American developer of browser games Zynga, the company's value may be less than its own headquarters in San Francisco. Zynga has long been experiencing difficulties with development of the business models and strategies to promote its products....

Face Off for Google and Oracle over Innovation Label in Android Retrial

A $9 billion copyright retrial has brought Oracle Corp and Google face to face in a legal battle over program copy rights.   In the law suit Oracle has accused Google of stealing programming which helped the latter to become the world's leading smartphone player. On the other hand Google...
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