Daily Management Review
Business & Finance

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...

Euronext is interested in LSE's clearing business

European exchange operator Euronext confirmed rumors on exclusive negotiations with London Stock Exchange (LSE) to buy French business of clearing house LCH. The deal could help regulators get approval for LSE - Deutsche Boerse merger, reports Financial Times. Three months ago, LSE offered to sell...

Uber's quarterly loss exceeded $ 800 million

In III quarter of 2016, Uber taxi service recorded an adjusted loss of more than $ 800 million due to price wars with Lyft in the United States and high costs of new initiatives, according to the Financial Times and its sources. The newspaper notes that the situation in the company is gradually...

Credit Suisse was Proposed to Cough up $5 Billion - 7 Billion Penalty by U.S. on Toxic Debt: Reuters

Reuters reported that to settle a probe over its sale of toxic mortgage securities in the run-up to the 2008 financial crisis, the U.S. Department of Justice has asked Credit Suisse to pay between $5 billion and $7 billion.   Reuters quoted a source with knowledge of the matter saying...
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