Daily Management Review
Business & Finance

VW's Dieselgate Got to Mercedes-Benz

The German automaker Mercedes-Benz received a class action lawsuit in the United States. The producer is accused of using software that disables exhaust control of the harmful emissions into the atmosphere at low temperatures. According to the plaintiffs, the exhaust of the company’s diesel engines...

Space Race Back for Branson's Virgin Galactic

Richard Branson wants to again join the race to send passengers and satellites into space. The billionaire entrepreneur said that his Virgin Galactic venture is eager to rejoin the race among rival billionaire entrepreneurs despite the deadly accident 16 months ago.   “To have three or four...

Glencore Signs A New Finance Facility

Ahead of the expiring date of the current facility, Glencore signed a new credit facility. On the 17th of February 2016, Glencore began to ease out access to the company’s “future cash requirements”. Likewise, it made an announcement by saying that Glencore “had signed a new revolving credit...

Chinese Company to Buy Ingram Micro for $6 Billion

The technology distributor Ingram Micro would be bought by Tianjin Tianhai, a Chinese shipping group for $6 billion in the latest mega-deal that involves a Chinese company.   Ingram, based in Irvine, Calif., said that it would be able to increase investment and expand its geographical reach...

New Shipping Giant Launched by China to Battle Downturn

A challenge was launched to global shippers AP Moller Maersk and Mitsui OSK Lines by China on Thursday. However analysts feel that in order to weather one of the industry's worst-ever slumps, the giant company must slim down its workforce and order book.   China Cosco Shipping Corporation...

Qatar, China in $6.4 Billion Battle for Australian Freight Giant: Reuters

A fresh $6.4 billion bid for Australian port and rail firm Asciano is being planned by Canada's Brookfield Asset Management with assistance from Qatar's sovereign fund, Reuters reported citing sources. This development has increased the global battle that has been going on for some time now for the...

What Is Happening With Hi-Tech IPO Market?

US high-tech sector is no longer entering the market. There have been no IPO in January, which was a kind of anti-record in recent years. Last time, only 2011 passed without tech IPO in the beginning of the year. This data are given by Renaissance Capital, a management company, engaged in just...

LED Strategy of Osram Cause of Clash between Company CEO and Siemens

The controversial strategy of expanding in the general LED lighting market by the chief executive of German lighting group Osram led to the chief executive running up against the company's biggest shareholder Siemens on Tuesday.   The announcement in November of an investment of a...

Security Services Company ADT is to be Bought by Apollo Global for $7 Billion

In a deal that values the home-security company ADT Corp. at about $6.93 billion, private-equity firm Apollo Global Management LLC is to buy the company.   The deal was not affected despite the latest signmarket volatility.   Representing a 56% premium over Friday’s closing price...

Iran Remains a Major Roadblock to Agreed Freeze on Oil Output between Saudis and Russia

Bringing in some relief to the world markets, top oil exporters Russia and Saudi Arabia agreed on a deal to put a freeze on the levels of output. However the deal is still dicey as it was contingent on other producers joining in – especially Iran, which was absent from the talks. Iran, recently...
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