Daily Management Review
Business & Finance

Yahoo mulls offloading Japan stake

American technology company Yahoo has missed its earnings and revenue forecasts for the first quarter, putting the company’s investors in huge disappointment.   Yahoo’s reported adjusted earnings of 15 cents a share is down 61% from the year-ago quarter. That missed forecasts calling for a...

Cable war intensifies with Verizon's slim package launch

US-based mobile and internet service provider Verizon Inc has launched customized smaller TV channel packages much to the ire of leading cable channel providers.   Already the company has faced objections from ESPN over the slim packages. This new offering to Verizon’s FiOS customers lets...

BlackRock: Forget Gold, It's Better to Invest in Contemporary Art

Housing in London and Manhattan and contemporary abstract art - that's what makes today a serious and credible competition in the field of gold insertion capital. Chairman of the board of the world's largest investment firm BlackRock Laurence Fink suggested that gold is no longer cost-effective as...

Apple Pay to launch in Canada by year end

US-based technology company Apple is planning to launch its mobile payments service in Canada. Apple Pay service will be launched in Canada by the end of this year, marking the country the first after US to get the premium service. Apple is currently in negotiations with Canada's six biggest banks...

Australia mining coal at the cost of its environment

It pollutes everything that it comes in contact with. Coal is one dirty polluting industry and yet Australia chooses to pour millions into it at the cost of the health of its citizens, agriculture and at the cost of the environment. With the approaching climate talks in Paris this November,...

Mattel hints at crowdsourcing and digital toys to improve sales

World’s largest toy maker and owner of the Barbie franchise, Mattel, is putting itself in top gear and shifting its course as the company faces its sixth straight quarter of lackluster sales. The company’s new chief executive Christopher Sinclair has pledged a “rapid redo” of the company culture....

US Justice Department may stop Comcast-Time Warner merger

The US department of Justice’s antitrust division is almost close to passing a recommendation to stop the country’s largest ISP company Comcast from acquiring Time Warner Cable, according to a report in Bloomberg.   While Comcast is the biggest Internet Service Provider and cable...

OPEC Raised its Forecast for Demand for its Oil in 2015

The Organization of Petroleum Exporting Countries (OPEC) raised its forecast for demand for its oil this year, as the failure of OPEC to maintain world prices by reducing production begins to affect other manufacturers. In its monthly report, OPEC raised its forecast of demand for crude oil...

Ernst & Young to Settle the Lehman Brothers Collapse Lawsuit for $ 10 Million

Ernst & Young auditor is willing to pay $ 10 million to settle the prosecutor's office in New York lawsuit associated with the collapse of Lehman Brothers investment bank in 2008, reported Reuters citing informed sources. The lawsuit alleges that the company "has contributed to massive...

Ford Gets Rise in Sales

In the 1st quarter of 2015, the American automaker Ford Motor Co. increased sales in Europe by 12.5% compared to the same period last year, according to Associated Press. Ford’s sales in 20 European countries in January-March reached 335.1 thousand of cars. As vice president of sales for the...
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