Daily Management Review
Business & Finance

Breaking Deal With E*Trade Would Cost Morgan Stanley ‘$375 million’

Morgan Stanley’s E*Trade acquisition could mark the biggest one by a major U.S. bank post the financial crisis of 2007-2009. Morgan Stanley has informed that the bank will get “a $375 million breakup fee” in case E*Trade Financial Corp decides to withdraw from the “$13 billion deal for the discount...

United Airlines recalls profit forecast due to coronavirus

One of the world's largest airlines, United Airlines, withdrew its profit forecast for 2020 due to coronavirus. Earlier, the company predicted a 100% decrease in passenger traffic to China and a 75% reduction on trans-Pacific flights, which affects 5% of planned United traffic. If the outbreak of...

Coronavirus Outbreak Hit Apple Inc Among TheLargest Corporate Casualty

Chinese manufacturing units of Apple and the Chinese market has been affected by coronavirus outbreak whereby affecting its Q1 sales target, although analysts remain hopeful for a recovery in the later quarters. In the beginning of this week, Apple Inc has informed that most likely it will miss the...

Shares Come Crashing For Alstom Post Alstom-Bombardier Rail Deal Announcement

Unions and regulators alike have shown their concern due to the recent rail deal development between Alstom and Bombardier wherein the former will possesses forty to sixty percent shares in regional train market. On Tuesday, 18 February 2020, the French firm Alstom saw its shares crumbling down...

Elbit System From Israel In A Defense Deal With An Asia-Pacific Country

Elbit in a “$670 million” deal to sell its defense electronics technology. According to Reuters’ reports the Elbit Systems from Israel stated on Tuesday, 18 February 2020, that it has managed to bag a contract worth “$670 million”. The contract has been signed with an Asia-Pacific country wherein...

German Court Clears Tesla To Cut Trees And Start Construction For Factory

The legal hurdle to the efforts of the United States based electric car making company Tesla to build an electric-car factory in Germany was overcome by it recently.   A permission to the company to restart cutting down trees at a forest site in the small town of Gruenheide where the company...

Victoria's Secret to change owner

The American company L Brands announced sale of its lingerie brand Victoria's Secret. The controlling stake will be sold to Sycamore Partners, a private investment company that will acquire 55% of Victoria's Secret. The deal will cost about $ 525 million. After the sale of shares, Victoria's Secret...

Walmart Reports Online Grocery Growth In Japan Where It Has Struggled For Almost 2 Decades

While the brick-and-mortar stores of the largest retailer of the world Walmart in Japan, having opened up about decades ago, continue their search for profits, the company has tucked into a sweet spot in the Japanese food market as its fast-growing venture was ranked third in a fairly nascent...

Foxconn To Cautiously Restart Its China Operations, Warns Of Revenue Hit Due To Coronavirus

While issuing a warning that revenues would be significantly impacted by the outbreak of the coronavirus in China, Apple Inc major supplier and vendor Taiwan's Foxconn said on Thursday that it has planned to "cautiously" reopen and restart production at its main factories in China.   This...

Moller-Maersk receives $ 84 million net loss in 2019

Net loss of the Danish sea container carrier A.P. Moller-Maersk A/S amounted to $ 84 million in 2019, against a net profit of $ 2.98 billion a year ago, follows from the financial statements of the company. Revenue over the reporting period decreased by 1%, to $38.89 billion. EBITDA increased by...
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