Daily Management Review
Business & Finance

Nokia Reports Concerns Over Alcatel-Lucent Compliance To US SEC

Following the reporting of potential issues of compliance to the US authorities in relation to its acquisition of its former French rival Alcatel-Lucent, the Finnish network equipment maker Nokia said that it was examining some of the transactions at Alcatel-Lucent, which had been acquired by Nokia...

Nike net profit soars up

Manufacturer of sports equipment Nike (USA) increased its net profit in annual terms by 3.8 times to $ 3.04 billion for the nine months of the 2018-19 fiscal year ended February 28, according to the company's financial statements. Revenue increased by 7% to $ 9.6 billion due to growth in the...

Volkswagen’s Push Towards EV Will Result In Jobs Slash

Manufacturing electric vehicles requires thirty percent less effort, said Diess. According to Volkswagen, the aggressive stance taken by the company to drive in the manufacturing of electric cars, it will result in a forceful jobs reduction.   The aim of Volkswagen is to launch as many as...

South Korean semiconductor manufacturers shares jump after Micron report

Shares of semiconductor manufacturers in South Korea rose sharply on Thursday after publication of better-than-expected financial results of the American chip maker Micron Technology, reports CNBC. Although the American chip maker's forecast for financial quarter III turned out to be lower than...

Significant Drop In Profits In 2019 Anticipated By BMW

German luxury car maker BMW predicted on Wednesday that the current year would not be a good one for it. The car maker said that it anticipates that the pre tax profits for the entire group would drop by more than 10 per cent for the current year.   In order to create some safeguard against...

Cboe stops bitcoin trading

At the end of 2017, expectation of introducing bitcoin exchange futures contributed to its appreciation of up to $ 20,000 at the last stage of inflation of the cryptocurrency market bubble. Now bitcoin costs about $ 4,000, according to Coinmarketcap, and the exchange operator Cboe Global Markets,...

US SEC Tells Court Tesla CEO Musk Never Sought Any Pre Approval For His Tweets On Tesla

The United States Securities and Exchange Commission has alleged in court that despite and since a court-approved agreement with the US based the electric vehicle maker Tesla’s chief executive Elon Musk was reached about the manner of communication of important information about the company, Musk...

Exxon to reduce cost of oil production to $ 15 per barrel

Exxon Mobil Company intends to reduce the cost of oil production in the Perm shale formation of the United States to about $ 15 per barrel. At the moment, this level is observed only in the giant oil fields of the Middle East. “Exxon’s drilling scale means that the Permian Basin will be competitive...

Demand By Millennials Drive Growth Of Irish Whiskey In The US

Millennials have been blamed for rejecting the canned tuna business along with motorcycles and diamonds in the United States. However there is one industry that is benefiting from its popularity among the millennials - Irish whiskey.   According to the Irish Food Board, there has been a 61...

Fidelity National buys Worldpay for $ 43 bln

American financial company Fidelity National Information Services (FIS) reached an agreement to buy the British payment operator Worldpay for $ 43 billion. For Worldpay itself, this will be the second change of ownership in the past year and a half. American fintech company Fidelity National...
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