Daily Management Review
Business & Finance

Goldman Sachs Execution & Clearing Slapped $1.8 Million for OATS and Trade Reporting Violations

Goldman Sachs Execution & Clearing, L.P. has been slapped a fine of $1.8 million for systemic Order Audit Trail System (OATS) reporting violations spanning a period of more than eight years by the Financial Industry Regulatory Authority (FINRA). The company had also failed requirements of...

Teva to Purchase Allergan

Israeli pharmaceutical company Teva Pharmaceutical Industries announced an agreement to purchase generics division of the American company Allergan Plc for 40.5 billion dollars. According to Teva’s press release, the boards of directors of both companies unanimously approved the transaction....

Bloodbath on Wall Street and in capital markets around the world

Markets around the world have had a bloody week. While markets in the U.S have retreated, the Shanghai stock market has hit rock bottom. Here’s hoping it doesn’t cave out This week began on a bloodbath, shares on Wall Street fell sharply on concerns about the slowing down of the Chinese economy....

Auto Manufacturing Company Fiat Chrysler Slapped Biggest Ever Fine Over Failed Recalls

In the biggest ever fine for failing to recall defective vehicles, the National Highway Traffic Safety Administration of the United States slapped a fine of $105 million on Fiat Chrysler.   The company would have to the amount against 23 safety recall failure that includes a potentially...

Facebook’s Marketing Partner Confident to Make Record Revenue This Fiscal

Ridding piggy-back on Facebooks phenomenal success and suing innovative technology, its marketing partner Bidalgo targets to make a fortune this fiscal. Bidalgo, an Israel based company, provides unique solutions to mobile and internet video advertisements. The company is known for its...

Scotland Yard is Now Also a Luxury Hotel Brand

From now on, Scotland Yard would no longer refer only to the once most elite police force of the world. The name would be used to signify a new brand of luxury hotels, the first of which is to be housed in the original home of London’s Metropolitan Police Service which policed most of the city in...

Cisco's TV Set-Top Business Sale, Relief for One Boon for the Other

While its bane for one its boon for the other. Cisco investors breathed a sigh of relief after it managed to strike a deal and sell off its TV set-top business to Paris-based Technicolor for $600 million.   Form the point of view of Cisco investors, this was seen as the biggest mistake...

Amazon posts profits surprising many analysts

Despite increasing competition faced by the likes of Jet.com, Amazon’s quarterly profit has caught many off-guard; the price of its share has zoomed to $566.02. With the world’s largest online retailer posting a surprise quarterly profit, Amazon’s shares surged more than 17% pushing its market...

Chinese Firm Alibaba Set to Challenge Amazon in Cloud Computing Business

With China close on heels of the US economy to become the largest in the world, corporate of the two countries are fighting the battle on the ground. In a recent development China’s Alibaba Group is all set to provide tough competition to Amazon Web Services that  entered China in early...

McDonald's Profit Drops 13%, Yet New Items on Breakfast Menu

At a time when the company is bogged down by declining sale figures, McDonald’s plan to add McMuffins and pancakes to its breakfast menu. This is seen as one of the efforts of the largest fast food chain of the world to spruce up its bottom line sale and gain competitive advantage. The...
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