Daily Management Review
Business & Finance

Media Reports Claim Google in Talks with Ford for Building its Self Driving Cars

Citing a person with knowledge of the matter, reports in the Automotive News claims that Google is in talks with automaker Ford Motor Co to help build the Internet search company's autonomous cars.   It has been reported that the possible deal, if finalized, would be concluded at the annual...

JP Morgan Agrees to Settle Class Action in ‘London Whale’ Scandal for $150 million

In a settlement of its "London Whale" trading scandal, JP Morgan Chase & Co agreed to pay $150 million to resolve the securities fraud lawsuit by investors which had sued the suing the bank over the scandal which caused a $6.2 billion loss.   A class action lawsuit filed in the wake of...

Ending a Year Long Stalemate, Ericsson and Apple Sign Patent Deal

Ending a year-long dispute, Swedish mobile telecom gear maker Ericsson announced it had signed a patent license deal with Apple Inc which send the shares of the Swedish company up by 7 percent on Monday.   It is estimated overall revenue from intellectual property rights in 2015 would hit 13...

7,000 Jobs to be Cut in Toshiba PC and TV Units, Company to Pose Record loss

In an overhaul that will streamline the sprawling conglomerate into a company focused on chips and nuclear energy Japan’s Toshiba has said it will cut nearly 7,000 consumer electronics jobs after a $1.3 billion accounting scandal.   The eventual job cuts spanning the entire PC-to-nuclear...

Global Oil Prices Fall Below 2004 Supply Balloon Prices

Hounded by a relentless rise in global supply that looks set to outpace demand again next year, Brent crude prices hit their lowest in over 11 years on Monday.   The price of crude is set for its largest monthly percentage decline in seven years with more barrels poised to enter the market...

Media: Apple Has a Secret Laboratory in Taiwan

Recently, there have been rumors that the US Apple may soon replace LCD displays in their smart phones panels with those made of organic light-emitting diodes (OLED). Now, it was reported that the the company from Cupertino will take control on development of such displays. According to news agency...

San Diego Based ‘Isis Pharma’ Chnages Name to Free Execs and Investors Of 'Distraction

While it is not clear whether a name change had to do anything about the Islamist radical militant group, Isis Pharmaceuticals, a San Diego-based biotech company, decided to change its name to Ionis Pharmaceuticals.   The company also changed its name to ticker symbol on Nasdaq and it will...

Supply Weighs Force Oil heads to head for Third Straight Weekly Loss

Crude oil prices headed for a third weekly loss in a row, its longest losing streak in four months even as oil prices in general edged higher on Friday as investors closed positions ahead of the end of the year.   While U.S. crude futures traded at $35.02 a barrel, a rise of seven cents from...

Riding on Increased Software Business, BlackBerry’s Third-Quarter Revenues Tops Expectations

Indicating turnaround efforts may be gaining traction BlackBerry reported its first quarter-to-quarter revenue gain in over two years o Friday as the company reported a smaller-than-expected fiscal third-quarter loss.   BlackBerry shares were up by 6.3 percent to $8.29 in premarket trading...

Apple to Tie up with UnionPay to Offer ApplePay in China, to take on Alibaba, Tencent head on

Taking its Chinese rivals Alibaba Group Holding and Tencent Holdings head one, Apple Inc said it will launch its payment service in China as soon as 2016.   China's main bank card and payment firm, UnionPay, a state-controlled consortium that has a monopoly on all yuan payment cards issued...
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