Daily Management Review
Business & Finance

Evidence of Airbag Ruptures were Discarded by Takata as Early as 2000

The Japanese auto supplier has insisted that the propellant in its airbags is safe as the safety crisis surrounding Takata’s airbags that are prone to rupture has mushroomed.   However as long as 16 years ago Takata’s own engineers discarded evidence that may have shown otherwise, testimony...

Dell's Perot Systems Acquisition Bid Led by NTT Data: Reuters

Despite the fact that there are differences between the two over prices, Japan's NTT Data Corp is in exclusive negotiations to acquire Perot Systems, the information technology consulting division of Dell Inc, reports news agency Reuters quoting sources.   As NTT Data seeks to expand in the...

For the First Time in 25 Years, Rolls-Royce Announces Dividends Cuts

For the first time in almost 25 years Rollls-Royce has cut its dividend payment to shareholders and has warned of further job cuts to come.     While analysts had expected a 30% reduction, the final dividend payment to investors has been slashed by 50%, to 7.1p a share.   There...

LUKOIL Expresses Interest as Russian State's Oil Asset Sale Announced

As the Russian government prepares to sell either a controlling or minority stake in the firm to plug a budget deficit, oil major LUKOIL has told the Russian government it wants to buy smaller rival Bashneft, reported the Reuters.   The Russian economy has been hit by tumbling crude prices...

“Illegal Behavior” Over Seroxat Deals Draws a Fine of £37.6m on Glaxo

Britain’s competition authority has imposed a fine of £37.6m on GlaxoSmithKline for “illegal behavior” which resulted in higher costs for he NHS in relation to its antidepressant Seroxat.   In return for the generic drug makers delaying the launch of cheaper versions of the blockbuster...

The ECB May Refuse 500 Euro Bills

Are banknotes of 500 euros, so popular among criminals, money launderers and tax evaders, close to disappear? Member of the Executive Board of the European Central Bank Benoit Cœuré said that arguments in favor of the 500 euros bill are "less and less convincing." "We are actively considering...

AIG Avoids a Proxy Fight as it Strikes a Deal with Icahn

A bigger-than-expected quarterly loss gave an opportunity to the American International Group Inc to place billionaire John Paulson and its representative to the company board as it capitulated in its boardroom fight with activist investor Carl Icahn.   There was a marginal rise in the...

Swedish drugmaker Meda to be Bought by Mylan in a $7.2 Billion Deal

In its third attempt to buy the Swedish company, Generic drug maker Mylan NV said it would acquire Meda AB in a $7.2 billion cash-and-stock deal.   Mylan had unsuccessfully pursued for seven months to acquire smaller rival Perrigo and the recent move comes three months after the company...

North America Sales Rise Allow PepsiCo Revenues to Beat Estimates

Higher sales of snacks and beverages in North America helped reduce the impact of a strong dollar which helped PepsiCo Inc reported better-than-expected quarterly net revenue.   Pepsi said that it would return about $7 billion to shareholders this year among which about $3 billion would be...

Investors Left in the Dark over Outlook by Nokia

Finnish telecom gear maker Nokia said it would not give a financial outlook until April following its acquisition of Alcatel-Lucent and warned that demand for new mobile networks would slow this year in China.   In a market where limited growth and tough competition are pressuring prices,...
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