Daily Management Review
Business & Finance

Ford Plans A Layoff Of 200 Employees In Oakville Plant

Citing the issues of reduced sales, Ford has announced a line up of slashing down its workforce. Ford Motor has plans of laying off nearly two hundred employees in September from its Canada-based manufacturing plant located in “Oakville, Ontario”, while there is a possibility that more such lay off...

Earnings of UK’s Croda International Plc hit by U.S.-China trade war

According to its earnings report for the last 6 months which ended on June 30, its revenues have also been impacted by new legislation introduced by China. On Wednesday, Croda International Plc, a speciality chemicals maker, stated its personal care unit has been significantly hit by the U.S.-China...

Insurers Unsure Of Evaluating New Auto Safety Technology For Insurance Purposes

While the global auto industry is developing and inducting in vehicles crash avoiding technologies, insurance companies are cautioning consumers who are seeking a discount in insurance for purchasing vehicles fitted with automated cruise control modes collision-avoiding braking technologies....

US-China Tension Fall Out, Huawei Accuses Partners Fedex, Flex Of Seizing Assets

In a latest example, of business ties between companies of the two countries been affected by the United States- China trade tensions, Chinese tech giant Huawei claimed that its delivery former partner - American delivery company FedEx Corp is probably still holding on to 100 packages of the...

Alphabet net profit increases by 32% in the first half of 2019

In the first half of 2019, Alphabet Inc. (USA), which owns Google, increased its net profit to $ 16.6 billion, by 32% compared to the same period in 2018, according to the company’s press release. Diluted earnings for class A, B and C shares rose to $ 23.71 from $ 17.89 a year earlier. Revenue rose...

Facebook loses half of the profit due to record fine

Facebook reported for the second quarter and the first half of the year: the net profit of the social network in both cases decreased by half. Such a sharp drop is not due to the Facebook business, but to a record $ 5 billion fine imposed on the company by the US authorities for disclosing data of...

Record Price Of $437,500 For A Pair Of Rare Nike Trainers

An auction of rare shoes fetched a record breaking amount of $437,500 for a pair of rare Nike trainers that was designed by the co-founder of the sportswear giant.   The auction that took place in New York had on offer a total of 100 pairs of trainers of companies ranging from Adidas to Air...

Total to sell assets for $ 5 bln amid market volatility

French Total SA reported for the second quarter of this year. During the reporting period, the company's net profit fell by 26% to $ 2.8 billion. Total itself explains this by unfavorable market factors, including low oil prices. Compared with the second quarter of 2018, cost of a barrel of oil...

Facebook to pay $5 bln fine within Cambridge Analytica scandal

Facebook will pay $ 5 billion in settlement of the US Federal Trade Commission (FTC)’s charges in violation of user privacy. The agreement was announced by the FTC; the paper is yet to be approved by the court, the AP reports. The regulator itself called the amount of payments an historical record....

Tim Tam Biscuits To Be Acquired By KKR In A Deal Worth $2.2

Arnott’s, the Australian snacks business of Campbell Soup Co will be bought out by KKR & Co., the later said, in a deal that would be worth $2.2 billion according to reports in Australia. Arnott’s is the owner of some of the best selling biscuits brands such as Tim Tam.   “I can confirm...
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