Daily Management Review
Business & Finance

The ECB May Refuse 500 Euro Bills

Are banknotes of 500 euros, so popular among criminals, money launderers and tax evaders, close to disappear? Member of the Executive Board of the European Central Bank Benoit Cœuré said that arguments in favor of the 500 euros bill are "less and less convincing." "We are actively considering...

AIG Avoids a Proxy Fight as it Strikes a Deal with Icahn

A bigger-than-expected quarterly loss gave an opportunity to the American International Group Inc to place billionaire John Paulson and its representative to the company board as it capitulated in its boardroom fight with activist investor Carl Icahn.   There was a marginal rise in the...

Swedish drugmaker Meda to be Bought by Mylan in a $7.2 Billion Deal

In its third attempt to buy the Swedish company, Generic drug maker Mylan NV said it would acquire Meda AB in a $7.2 billion cash-and-stock deal.   Mylan had unsuccessfully pursued for seven months to acquire smaller rival Perrigo and the recent move comes three months after the company...

North America Sales Rise Allow PepsiCo Revenues to Beat Estimates

Higher sales of snacks and beverages in North America helped reduce the impact of a strong dollar which helped PepsiCo Inc reported better-than-expected quarterly net revenue.   Pepsi said that it would return about $7 billion to shareholders this year among which about $3 billion would be...

Investors Left in the Dark over Outlook by Nokia

Finnish telecom gear maker Nokia said it would not give a financial outlook until April following its acquisition of Alcatel-Lucent and warned that demand for new mobile networks would slow this year in China.   In a market where limited growth and tough competition are pressuring prices,...

In a Speedy Backdeal, HSBC Drops Plan for 2016 Pay Freeze

Reversing a cost-cutting decision made less than two weeks ago, HSBC, Europe's largest bank, has dropped plans to freeze pay this year, according to a memo by Chief Executive Stuart Gulliver reports Reuters.   HSBC's board is set to meet to discuss whether the bank will move its headquarters...

Source say Volkswagen’s Large Engine Units being Circled by Peers

As rivals sense an opportunity to get their hands on the asset as a result of the car maker's emissions scandal, Volkswagen has received expressions of interest for a unit making engines used in ships or small power stations, several sources familiar with the matter told media.   Sources...

Facebook’s Free Basics Program Blocked in India as Net Neutrality Rues Introduced

In what came as a face blow to Facebook’s plan to offer free basic program to net users in India, the regulators in the country have banned free mobile data programs that favor some Internet services over others.   Facebook’s controversial Free Basics program, a signature project of...

Apple Stores to Open In India

Apple is giving a go-ahead for the opening of retail outlets in India, reported Bloomberg, citing people familiar with the situation. Tim Cook’s plans in relation to India, the country with a population of over 1.2 billion people, was pronounced already past year. According to Indian law, a company...

Restructure In BT Group Brings In A Revenue Rise In Its Last Quarter

Most of the year of 2015 has offered a flat revenue collection by BT Group, although following the restructuring the company witnessed a boost in its last quarter’s revenue figures. Even though the “year-to-date revenues” of BT Group remained flat, data show that company’s third quarter’s revenues...
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