Daily Management Review
Business & Finance

Pearson to Sell FT

Pearson confirmed their intention to sell the business newspaper Financial Times (FT). This is stated in the official statement of the publishing house. - Pearson confirms that they are in the process of negotiations on the possible sale of the FT Group, although at the moment there is no certainty...

Wal-Mart’s Acquisition of Chinese E-Tailer Yihaodian a Strategic Move

It Would Provide Inroads into the Largest E-Commerce Market in the World Following announcement of the departure of the cofounders of Chinese e-tailer Yihaodian, Wal-Mart is reported to have taken complete control of company. Wal-Mart owned 51 percent of the company shares. Wal-Mart had been...

Cigna is likely to be acquired by Anthem for around $187 per Cigna share

Anthem is set to acquire Cigna Inc, subject to ironing out of a few details as well as antitrust scrutiny. Anthem, a leading U.S based health insurer, has announced that it is close to finalizing a deal wherein it will acquire Cigna Inc, its peer. The $48 billion deal could be sealed as early as...

Sony Launches Drone Manufacturing Company, New Drones to Hit Market Soon

  Exploring a different vertical, Sony Corp. announced their intention to enter the global market for unmanned aircrafts – drones. The company has formed a new company named Aerosense in a joint venture with Tokyo startup ZMP Inc.   Tokyo startup ZMP Inc. specializes in autopilot...

UberMedia’ Location Visit Optimization System Launched

Location Visit Optimization or LVO, has been launched by UberMedia. This latest mobile machine-learning system that allows advertisers to optimize mobile ad campaigns to adjust to real-world consumer location visits, has been developed and patented by the company.   Hyper-focused, custom...

Apple announce weak forecast for its 4th quarter

In spite of tapping into the Chinese smartphone market, where it performed “spectacularly”, Apple’s performance did not meet analysts’ expectations and it saw share price drop by 7%. With Apple publishing its fourth-quarter results, trading in its shares took a southern turn as results did not meet...

Salli Mae Has Selected Its New Executive Vice President

The new executive-vice-president of Sallie Mae has been announced. Sallie Mae, a U.S. financial services corporation that is “publically traded”, broke the news of its new “executive vice president”. The company made an announcement stating that Charles P. Rocha will shortly assume the post of...

Big Names in Textile Chemical Ban by EU

Exporters of textiles and fabrics to Europe now would have to go through stricter norms to be able to continue with exporting. The existing ban on use of chemicals for textiles now include nonylphenol ethoxylates (NPE) after the member states of the EU voted in favor of extending the chemical ban....

Gold and Silver Gundman Robots up for Sale in Japan

The golden version of Gundam, one of the most iconic robots ever in Japan, would now be available for sale, provided one can shell out 20 million yen or $160,000. The value is as much for the 1000 grams of gold adoring the robot as the iconic status. This robot would be available at the "The Art...

Lockheed Martin Acquires Sikorsky

The largest US defense corporation Lockheed Martin has signed a definitive agreement with United Technologies to acquire helicopter holding Sikorsky Aircraft for $ 9 billion, Lockheed report says. Taking into account the tax benefits arising from the transaction, the sum would amount to 7.1 billion...
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