Daily Management Review
Business & Finance

Toshiba expects huge losses, investors are in panic

Japanese manufacturer Toshiba Electronics warned of several billion dollars of losses related to acquisition of American company Westinghouse Electric, which operates in the field of nuclear energy. This statement brought Toshiba’s quotes down. Analysts predict $ 4.3 billion of corporate losses....

Cisco-Ericsson Partnership To Venture Into Public & Corporate Sectors In The Year Of 2017

The 2017 partnership agenda of Cisco-Ericsson looks to boost its revenue by reaching out to businesses outside telecom market. Ericsson makes gear for telecom market, which is looking to prolong its partnership with the company of Cisco Systems Inc. The said extension will be serving “new corporate...

FDIC Hack Linked to China's Military being Probed by FBI: Reuters

In a breach senior FDIC officials believe was sponsored by China's military, source with knowledge of the matter said that the FBI is investigating how hackers infiltrated computers at the Federal Deposit Insurance Corporation for several years beginning in 2010, Reuters reported.   Also the...

Eurowing Becomes The ‘First Low-Cost Carrier To Offer In-Flight Connectivity’ Of Broadband

Air passengers will now be able to avail broadband connectivity even in low-cost flights. Inmarsat provides mobile “satellite communications”, whereby the group is going to initially launch “its GX in-flight broadband” for Lufthansa’s 69 “low-cost Eurowings fleet”.   The contract for the...

For Mortgage Securities Fraud, U.S. Sues Barclays, Ex-executives

In the sale of mortgage-backed securities during the run-up to the 2008-09 financial crisis, Barclays Plc and two former executives were sued by the U.S. Department of Justice on civil charges of fraud.   Sources told media that after Barclays resisted a penalty the U.S. government had...

Analysts do not believe in Twitter's future

The past year was extremely unfortunate for Twitter. All events happened with the company were enough for analysts to feel that the micro blogging resource "has had it." Twitter has no future, so shares of the company are expected fall from current $ 16-17 per security to less than $ 10 per share,...

Nokia sues Apple over patent infringement

Finnish company Nokia has filed several petitions against American Apple to the European and US courts for patent infringement. For several years, the company has been trying to resolve the conflict through negotiations, but the process resulted in nothing. Nokia appealed to the regional courts of...

As Investors Question Strategy, Watchmaker Swatch goes into Car Batteries

Swatch Group was riding high three years ago. Record gross sales was reported by the world's largest watchmaker, known for its colourful plastic watches as well as upscale brands including Breguet.   He was taking the company in a new direction, launching a battery for electric vehicles with...

$65 Billion Merger Outline and Ambitious Cost Savings Agreed Upon by Linde and Praxair

With the combined company to be run out of the United States by Praxair's chief executive, German industrial gases group Linde and U.S. suitor Praxair have agreed an outline for a $65 billion-plus merger.   Sources have said that Praxair provided new assurances to Linde over jobs and...

Not-so-happy ending of Uber's fairytale in China

Chinese pioneers in the field of digital technology aspire to grip the title of world champions, and competition plays into their hands. Uber passenger service, one of the most valuable startups in the world, decided to sell local business in favor of its Chinese rival, Didi Chuxing. Chinese fairy...
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