Daily Management Review
Business & Finance

Toyota Reports 8.9% Increase in Q3 Revenue; GM announces record China vehicle sales in October

Toyota Motor recorded a profit of ¥14.09 trillion, an increase of 8.9 percent during the six-month period ended September 30, 2015. The company sales dropped by 198,515 units compared to the same period last fiscal year with a total vehicle sale of 4,278,007 units.   While income before...

US State Department Rejects Keystone Project Delay Request

The much hyped Keystone project is probably going to be rejected by US President Barack Obama and his administration following the formal denial by the US of the a request to pause the review of the proposed Keystone XL oil pipeline on Wednesday.   Many saw the request of TransCanada Corp to...

Maersk Line to Dismiss Four Thousand Employees by 2018

Danish Maersk Line, the largest company in the world for sea container traffic, has announced plans to reduce the "at least" four thousand employees until the end of 2017. Maersk Line Company, part of the conglomerate AP Moller-Maersk Group, announced massive cuts in personnel. The company's...

$1 Million Bounty Given for ‘Jailbreaking’ iOS 9.1 in Apple Phones

One million dollars has been reportedly paid to an un-named team of researchers for their method to “jailbreak” the latest version of Apple’s mobile operating system, iOS 9.1 says computer exploit merchant Zerodium.   The practice of breaking the restrictions placed on iPhones and iPads...

Google Refutes EU Antitrust Charges calling them ‘Inappropriate’

Alleging that the antitrust case that was going on against it by the EU as of unusual nature and as it had wanted to settle the case with concessions last year, Google has hit back at EU antitrust regulators' warning of a possible hefty fine, saying this would be inappropriate.   The world's...

Bank of America to Sell its $87 Billion Money-Market Fund Business to Black Rock

In one of the cash-management industry's largest deals ever the Bank of America Corp, the No. 2 U.S. bank, has agreed to sell its $87 billion money-market fund business to BlackRock Inc.   Since the global financial crisis big banks have faced pressure to simplify their businesses. This...

Ecology and Business: TransCanada delays Keystone

TransCanada company asked the US State Department to suspend consideration of the construction of the pipeline Keystone XL. This request can help Barack Obama to restore nearly broken relations with Canada. On Monday, the company asked to postpone consideration of the construction of the pipeline...

Visa to Buy Visa Europe for $ 23.3 Billion

With the aim to cut costs over the long term and raise fees in the second-biggest card market, Visa Inc that it would buy former subsidiary Visa Europe Ltd for up to $23.3 billion in a deal that will give the world's largest payments network an extra edge.   While ending a period of...

Darkening Clouds Over Keystone Project

Signaling that prolonged uncertainty is preferable to rejection of the $8 billion project, the Canadian company behind the proposed Keystone XL pipeline chose to plead with the U.S. government for a delay on its fate, faced with dimming prospects for approval.   Fearing an impending "no"...

In Wake of the Protests, Facebook Relaxes ‘Real Name’ Policy

After lobbying from civil liberties groups worldwide, Facebook has announced plans to water down its controversial “real names” policy.   This new rule, still officially require the use of “authentic names” on the site, has been previously resulted in criticism from varied groups...
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