Daily Management Review
Business & Finance

Goodbye, Yahoo: Smugmug buys Flickr

One of the oldest online photo stocks, Flickr, bought by Yahoo in 2005, is sold to a competitor – Smugmug, the oldest professional service for sharing photos. The new owner’s business model is very close to that of Flickr. The information appeared on Twitter of Smugmug’s founder and CEO Don...

Consumer Health Unit Of German Company Merck To Be Bought By P&G For $4.2 Billion

Procter & Gamble Co (P&G) would be able to provide greater exposure to its vitamin brands such as Seven Seas in regions of Latin America and Asia by the deal where it has announced the takeover of Merck KGaA’s consumer health unit for 3.4 billion euros ($4.2 billion).   The portfolio...

Moody's finds what banks will profit the most from blockchain

The blockchain technology will significantly reduce costs and risks for banks, but at the same time will limit their commission income, analysts of the international rating agency Moody's state in a latest review. According to a number of experts, the blockchain technology can significantly...

Ford Reports Drop In Sale In China For March

Despite the announcement of the U.S. car maker Ford Motor Co that it would launch two new car models in China – the largest auto market, at the end of the year, the company has again now done well in the market primarily because of a shortage of fresh products.   Fords has bene struggling to...

Blockchain will turn the energy market upside down. But how?

Energy companies are wary of solar panels and batteries, and blockchain should terrify them. The blockchain technology will not only allow a lot of people to install solar panels on their roofs (which will lead to a reduction in electricity consumption and will hit the profits of its suppliers). It...

Acer's profit in 2017 reaches seven-year high

Acer presented the results of the 2017 financial year and the fourth quarter of 2017 approved by the Board of Directors. The data presented is demonstrating the company's desire to optimize existing processes and invest in the future of personal computers and new business directions. Acer reported...

Eni to sell a stake in its Mexican field

Eni, which now owns 100% of the oil field in the Gulf of Campeche and expects to start production in early 2019, will sell 20-35% of Qatar Petroleum. Eni is also negotiating with other potential buyers, the agency’s interlocutors told. The Italian company seeks to sell a stake in the field to...

Japan to legalize ICO

The state-sponsored research group at the Tokyo University of Tama has submitted guidelines for the regulation and legalization of the scope of initial coin offerings (ICO) in Japan, reports Bloomberg. The relevant document sets out basic requirements for the identification of investors, measures...

Trump Attacks Amazon While His Government Does Big Business With E-retailer

While Amamcon.com and U.S. President Donald Trump apparently may be preparing for a war between themselves, Amazon’s one of the largest customers have been Trump's government.   The Trump government has an agreement with Amazon for providing cloud-based computing services for the CIA and...

Boeing is concerned with the US-China trade war

US aircraft giant Boeing warns that a possible trade war between the US and China would damage the global aviation industry. "Both governments have taken positions that could harm the global aviation industry, although no one has yet implemented these harsh measures," the corporation statement...
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