Daily Management Review
Business & Finance

Yahoo’s Core Business to be bought by Verizon for $4.83 Billion

With the aim to expand its digital advertising and media business, ending a lengthy sale process for the fading Web pioneer, Verizon Communications Inc said on Monday it would buy Yahoo Inc's core internet properties for $4.83 billion in cash.   As Verizon gains access to Yahoo's ad...

India to create an oil giant

The Government of India is considering a merger of 13 state-owned oil companies. The Government of India is planning to start consulting on a merging 13 state-owned oil companies in one giant corporation, writes The Economic Times, citing sources. According to the publication, the Ministry of Oil...

Settling of Government Securities for Dealers to be Stopped by JPMorgan

JPMorgan Chase & Co is streamlining its business and the bank would stop settling U.S. government securities transactions for most dealers by the end of next year.   This was announced recently by the bank.   The only clearing bank for such transactions between dealers and...

Apple Watch sales decreased by 55%

For the first time in history, the market of smartwatches fell in the II quarter 2016 yoy due to a sharp drop in sales of Apple Watch, according to preliminary data gathered by International Data Corporation research company (IDC). Sales of smartwatches in April-June decreased by 32% to 3.5 million...

Row over Takata Airbags could Force GM to Recall 4.3 Million Vehicles

In a call-back that would cost General Motors Co $550 million, the U.S. automaker would be forced to recall another 4.3 million vehicles for potentially defective Takata air bag inflators due to sustained pressures from US regulators. The U.S. automaker said this in a statement on Thursday.  ...

Drivers Can Sit Back, Relax and Let Cars do the Talking: SoftBank and Honda Vision

Another "crazy idea": talking cars that can read a driver's emotions, is the new engagement of SoftBank Corp founder Masayoshi Son. This new potential venture flows very fast on the heels of the $32 billion takeover of chip designer ARM Holdings by SoftBank announced earlier this week.   ARM...

US Regulators Approve AB InBev, SABMiller Deal, Craft Beer Protections Added

After agreeing to unload beer assets and preserve competition from independent craft brewers, Anheuser-Busch InBev and SABMiller received approval for their $107 billion merger from U.S. antitrust regulators.   The Department of Justice had derailed several recent mega-mergers over antitrust...

Yahoo! doubled expenses and reduced income in the first half of 2016

Yahoo! disappointed investors once again. The company lost $ 536 million in the first six months of 2016 against a profit of $ 2.984 million for the same period a year ago. Revenue for the quarter was $ 1.31 billion, which is 5% higher than the same period last year ($ 1.24 bln.). However, after...

Microsoft’s Quarterly Revenue Boosted by Cloud Business

The shares of Microsoft’s up more than 4 percent in after-hours trading, the company’s quarterly revenue was lifted above Wall Street's expectations buoyed by sharp growth in its commercial cloud computing business.   One of the priorities for Chief Executive Satya Nadella, who took the helm...

Record $3.2 Billion Fine Imposed by EU on Truckmaker Over 14-year Cartel

For allegedly taking part in a 14-year cartel, a record 2.9 billion euros ($3.2 bln) were fined by EU antitrust regulators on Daimler, Paccar and two other truckmakers.   The companies coordinated on the timing of introducing new emission technologies in 1997 and fixed prices and on passing...
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