Daily Management Review
Business & Finance

Goldman Sachs buys United Capital investment company for $ 750 mln

American bank Goldman Sachs reached an agreement on the acquisition of United Capital Financial Partners, an investment management company, for $ 750 million. The deal will be the largest for Goldman Sachs in recent years. It will be paid in cash and is expected to be closed in the third quarter of...

Airlines Using Boeing’s 737 Max To Meet To Discuss Future Of The Craft

While on one hand, airline and flying regulators across the world are getting together to discuss the measures that should be taken to allow Boeing Co.’s 737 Max to fly in the air again, those airlines that use the 737 Max is scheduled to meet next week to debate on the ultimate return of the...

$125 Million In Project To Encourage People To Save To Be Invested By JP Morgan Chase

Aiding the general public and educating them to make savings, pay down their debts and enhance their credit worthiness and credit sources, an amount of $125 million would be invested in not for profit groups by JPMorgan Chase & Co over the next five years, the has announced. The project would...

Major Raw Material Hurdles For US In Its Push For Building EV Supply Chain

Major hindrances such as the largely unknown extent of the necessary metal reserves of United States and a selected few facilities to process minerals and produce batteries would hamper the plan of the country to set up its own electric vehicle supply chain according to industry analysts.  ...

Morgan Stanley clients bought Uber shares for $ 48.77. Now they cost less than $ 40

Three years ago, Morgan Stanley invited wealthy clients to invest in Uber. Now it turns out that they incurred losses: amount of the transactions turned out to be higher than the placement price. Moreover, after the IPO, the price of Uber shares has been falling only “abnormally”. In 2016, the...

Monsanto gets under investigation in France

French media learned about the fact that fertilizer producer Monsanto collected dossiers on government officials, public figures and journalists, trying to isolate their potential allies among them. Collection of such data is illegal in France, and therefore the prosecutor's office has already...

Amazon Owner Bezos Details His Lunar Plans

A replica of a lunar lander that is being developed Blue Origin rocket company was unveiled by billionaire entrepreneur Jeff Bezos. He also detailed his ambitions of soon being able to send humans to the moon again in line with the aims of the Trump administration to set up a lunar outpost about...

Honda's annual profit plummets by 42.4%

Net profit of the Japanese automaker Honda Motor Co. declined by 42.4% to 610.3 billion yen in the fiscal year that ended on March 31, 2019. Operating profit declined by 12.9% to 726.3 billion yen. Revenue rose by 3.4% to 15.89 trillion yen, the company said. Operating profit in the financial...

It Knew Of The 737 Max Issue Even Before The First Crash, Admits Boeing

No action had been taken for about a year by Boeing despite knowing about the problem with its 737 Max jets which was the cause of two fatal accidents within less than nine months, the company has admitted.   The alarm feature had been inadvertently made optional instead of standard, the...

Ex-Facebook Board Member Says Chinese Firms To Benefit From Over-Regulating Google & Facebook

Chinese tech companies would take centre stage at the global level if American tech companies such as Facebook and Google are subjected to too much of regulations thereby restricting them and their business activities that help them ot dominate the global tech scene, opined Donald Graham, a former...
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