Daily Management Review
Business & Finance

Anticipating Business Loss, Volkswagen Cuts Costs, Freezes Recruitment and Cuts Shifts

Anticipating high financial losses following the emission scandal, German auto maker Volkswagen has initiated cost cutting measures as the company reportedly readies itself to face potential business losses. The company has imposed a hiring freeze at its financing business and cut a shift at a...

Ralph Lauren Leaves His Post

The famous American fashion designer and founder of his own fashion house Ralph Lauren is stepping down as CEO Ralph Lauren. His successor will be Stefan Larrson, who now heads the brand Old Navy, owned by Gap. The famous American fashion designer and founder of his own fashion house Ralph Lauren...

Tweeter Plans Beyond Its 140-Character Limit: Re/Code

Re/code reported on Tuesday that users of Twitter could soon have more than the 140 characters stipulated for placing their views as the company I building a new product that will allow users to share tweets that are longer 140-character limit.   The website reported this quoting multiple...

Japan Tobacco Buys Off Brand Rights from Reynolds American for $5 billion

The Reynolds American Inc's Natural American Spirit tobacco business outside the United States would be bought over by the Japan Tobacco Inc which would pay 600 billion yen ($5 billion) in cash to the American company.   The two companies announced this in two separate statements on Tuesday....

Yahoo Shares Rise, After Falling 45% This Year, Following Spinoff Announcement of Alibaba Stake

Following Yahoo’s announcement on Monday that it was going ahead with the spinoff of its stake in Chinese e-commerce company Alibaba Group Holding Ltd despite the risk that the deal might not be tax-free, the shares of the company rose as much as 6 percent on Tuesday.   On Tuesday, Yahoo...

Volkswagen to Recall 11 Million Vehicles for Refitting in the next Few days Following Emission Scandal

Within the next few days Volkswagen is planning to recall around 11 million cars in response to the emission scandal that rocked the company and the auto world recently   News agency Reuters reports that a comprehensive plan has been drawn up to ensure vehicles fitted with a defeat device...

Qatar Investment Authority Tightens Its Belt Thanks to Volkswagen and Glencore

Qatar Investment Authority has suffered serious losses in the quarter, which ends in two days. The investment fund suffers losses on the background of the Volkswagen’s scandal, the protracted depreciation of Glencore, whose shares on Monday fell to the 29.4% in London, plus the slowdown in the...

Banks are Reducing Lending to Oil and Gas Companies in the US

Most of US oil and gas companies are preparing for a sharp reduction in credit lines from the banking sector in the short term. According to a study of Haynes and Boone legal company, 79% of the companies of the fuel and power segment of the US economy are expecting reduce in funding from banks....

Seven Major Banks in Swiss Watchdog Probe Gambit over Precious Metals Price Fixing

The Swiss competition commission said on Monday that it was probing seven banks UBS, HSBC, Deutsche Bank, Julius Baer, Barclays, Morgan Stanley and Mitsui, over allegations of possible price fixing in the precious metals market.   It has been alleged that...

TV Like Video Ads Now Possible on Facebook

In the hope of unlocking big advertiser spend, Facebook would now allow advertiser buy ad spaces for video advertisements in a way similar to how the advertisers book TV ads now. Facebook is soon to launch a new product for this purpose. The advertisement product would be based on the what TV...
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