Daily Management Review
Business & Finance

Up to 13 Billion euros in Tax Demanded by EU from Apple to be Paid to Ireland

After ruling that a special scheme to route profits through Ireland was illegal state aid, Apple has been ordered to pay up to 13 billion euros ($14.5 billion) in taxes plus interest to the Irish government by the EU antitrust regulators.   If other countries sought more tax themselves from...

Over A ‘$1.5 Billion’ Deal Takes Place Between Pfizer & AstraZeneca

Pfizer continues to expand its research field in cancer and antibiotics. Pfizer Inc cracks a deal with AstraZeneca, a pharmaceutical company, on buying the latter’s “small molecule antibiotics business” which could cost over “$1.5 billion”.   Earlier, in the year of 2014, Pfizer attempted to...

ITM Power To Support Commercial Group’s Fleet At Its ‘Hydrogen Refuelling Stations’

Commercial’s hydrogen “hybrid” vans will be refuelling themselves in ITM’s stations. ITM Power is into another deal, whereby it will be supplying “hydrogen fuel”, while it continues to network out its refuelling system. The companies of clean fuel as well as “energy storage”, as listed in AIM, have...

$52 Billion in Stock Rout Lost by World’s Biggest Pension Funds

As stocks tumbled and the yen surged, all investment gains since it overhauled its strategy by boosting shares and cutting bonds were wiped out and a $52 billion loss in the last quarter was posted by the world’s biggest pension fund.   Japan’s Government Pension Investment Fund said that...

Volkswagen to settle argument with the US car dealers

Most diesel passenger cars made by Volkswagen cannot be upgraded to full compliance with environmental standards for US vehicles. However, some trucks can be adjusted to the standard, said the lawyer of the German automaker, quoted by The Wall Street Journal. Volkswagen’s lawyer also said in the...

Newspapers and books are more profitable than technologies

Even though high-tech is rapidly developing today, it’s high time to invest in printed newspapers and books. Over the past five years, MSCI World Technology Information, currently unites quotes of 157 high-tech companies, has added about 92.5% to value. Similar index of WHSmith, the oldest British...

Under ‘Section 363 of Bankruptcy Code’, Hilco To Conduct Intellectual Property Sale

In order to acquire the IP sale of Hilco, the bids are to be submitted in advance. Following the court’s approval, under bankruptcy Hilco Streambank is hired for assisting “Draw Another Circle”, part of “Hastings Entertainment”, in selling “its intellectual property assets”.   The list of...

Race to Become Asia’s Most Valued Firm now Limited to Samsung and Tencent

As expectations for robust earnings growth push their share prices to record highs, Tencent Holdings Ltd and Samsung Electronics Co Ltd are racing to be crowned Asia's most valuable company.   While rivals Apple Inc and Alibaba have struggled, both the companies have been made the world's...

Is it Time over for Switzerland’s Luxury Watch Sales?

Is this the end of the watch industry in Switzerland when it acts as a very reliable source of income revenue generation of re country?   Netting in a combined total of 1.5 billion Swiss francs ($1.56 bn) in sales of watches, exports of the country’s timepieces fell by 14.2 percent in July,...

Elon Musk and cousins to buy up 80% of SolarCity

Elon Musk and his cousins will buy 80% of issued SolarCity bonds worth $ 65 million and $ 17.5, respectively, of the total emission of $ 124 million, it follows from the company’s paper presented to the SEC. Musk himself will buy back bonds in the amount of $ 65 - $ 124 million. The company’s CEO...
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