Daily Management Review
Business & Finance

$20 Billion Asset Swap With Boehringer Planned to Reshape Sanofi

Talks for a $20 billion swap are going on between Sanofi and Boehringer Ingelheim. The family-owned German group's consumer health operation is proposed to be swapped with the French pharmaceuticals company's animal health business.   With an enterprise value of 11.4 billion euros ($12.6...

Lingering Supply Glut Forces Moody's to Slash Oil Forecast for 2016

Due to the high levels of supply that may be heightened by the lifting of sanctions against Iran Moody’s has cut its oil price forecast for next year by $10 a barrel.   The assumption price for Brent crude, the international benchmark, was sliced to $43 a barrel from $53 by the credit rating...

Nurofen Got a New Headache in Britain

UK Advertising Standards Authority began an investigation into the painkiller "Nurofen." The regulator will consider for cheating the audience Nurofen Express ad, which states that it acts specifically on the source of the pain. Initiation of an investigation related to the analgesic in the UK was...

Top 10 Leading Manufacturers of Weapons

Stockholm International Peace Research Institute (SIPRI) published a report on situation in production and sale of arms in the world. The report features the world's 100 leading arms manufacturers in 2014. US companies continue to lead in terms of weapon sales: they accounted for 54.4% of the...

Fear of Worsening Gult Pushes Global Oil Prices to Drop Further to Near 11 year Low

Coming close to 11-year lows due to fears that the global oil glut would worsen in the months to come in a pricing war between leading OPEC and non-OPEC producers, oil prices fell for a seventh straight session on Monday.   For the first time since December 2008, Brent crude fell by 3.4...

After Having ‘Disappeared” Since Thursday, Billionaire Head of China's Fosun Re-emerges

After giving “disappeared’ from public view for quite some time, the billionaire chairman of Fosun Group, one of China's biggest privately held conglomerates, re-emerged on Monday.   Guo Guangchang was accused to have ‘disappeared’ in connection with an investigation by authorities, Chinese...

Nurofen's Maker Ordered to Recall Products from Retail Shelfs in Australia after Company Concedes to Misleading Consumers

After a court ruled it had made misleading claims, the drug giant Reckitt Benckiser was ordered on Monday to pull some of its popular Nurofen painkiller brands off shelves in Australia. The company has admitted that it had been selling for almost double the price of its standard painkiller,...

China Green Signal to Shell - BG $70 Billion Deal

Royal Dutch Shell received the green light from China on Monday to finally complete its takeover by crossing the last hurdle in its takeover of BG Group.   Now the last hurdle for the completion of deal, expected to be completed in early 2016, is the ratification from the shareholders...

ICA Gruppen Takes A Closer Look At Its Property Assets And Online Shopping Facilities

The ICA Gruppen is holing a “Capital Markets Day” for reviewing its property status and online shopping operations. Sweden – 11 December 2015 – ICA Gruppen organises “a Capital Markets Day” programme on the 11th of December 2015 in the capital of Sweden. The agenda of the event offers a “review”...

Lehman Trader Still fighting for his $83 Million Bonus 7 years after the Bank Failed

A little-known bond trader was on a hot streak before Lehman Brothers collapsed, pulling the trigger on the global financial crisis. More than $700 million in profits was given to the bank in a period of two years by Jonathan Hoffman.   He was then looking at a bonus of $83 million. Even by...
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