Daily Management Review
Business & Finance

For The Second Year In A Row, Huawei Earns More From Patent Royalties Than It Paid Out

Huawei officially said  late Thursday that it will generate more patent income than it pays to other companies for their patents for the second consecutive year in 2022, as it seeks to offset the impact of U.S. export restrictions on hardware sales.   According to Steven Geiszler,...

Fitch to withdraw Microsoft's ratings

According to a press release from the agency, international ratings agency Fitch Ratings intends to withdraw Microsoft Corp.'s ratings within 30 days for commercial reasons. "For commercial reasons, Fitch Ratings intends to withdraw Microsoft Corporation's ratings on or about January 23 (about 30...

Banker Bonuses Have Gone From Boom To Bust In A Startling Reversal

Bankers in New York and London are bracing for year-end bonuses that are expected to be 30% to 50% lower, with some receiving none at all as dealmaking slows and economic gloom sets in.   According to recruiters and compensation experts, financiers will be disappointed when their...

European Commission approves deal between Dufry and Autogrill

The European Commission has approved Dufry's acquisition of Autogrill in Italy. The European Commission approved Swiss duty-free retailer Dufry's acquisition of Italian airport and highway catering company Autogrill. The merger will result in a travel industry behemoth. When Autogrill and Dufry...

Wells Fargo Ordered To Pay $3.7 Billion For Improper Behavior That Affected Customers

The US Consumer Financial Protection Bureau levied its largest-ever civil penalty against Wells Fargo & Co on Tuesday as part of a $3.7 billion settlement to resolve allegations of widespread mismanagement of bank accounts, mortgages, and auto loans.   Over 16 million customer accounts...

Intel postpones factory construction in Germany

According to the local newspaper Volksstimme, Intel Corp. has delayed the construction of a semiconductor facility in Magdeburg, eastern Germany, that had been slated to begin in the first half of 2023. The newspaper claims that the industry behemoth in semiconductors needs further government aid....

Taiwan fines Foxconn for unauthorised investment in China

Taiwan's Ministry of Economic Affairs announced a fine against Foxconn, one of the country's largest technology companies, for violating local laws governing foreign investment and relations with the People's Republic of China. The fine was imposed because Foxconn failed to notify Taiwanese...

Citi to curtail retail banking in China

Around 1,200 local employees will be impacted by Citigroup Inc.'s announcement that it is closing down its retail banking operations in China. As part of a global strategy to sell consumer franchises in 14 nations throughout Asia, Europe, the Middle East, Africa, and Mexico, in April 2021the...

Sony invests billions in smartphones production

Sony Group Corp. may spend approximately 800 billion yen ($5.83 billion) to construct a new factory in Japan's western Kumamoto Prefecture to make image sensors for smartphones, Nikkei reports. According to the article, the corporation intends to begin construction of the factory as early as 2024...

U.S. to exempt some Chinese companies from export restrictions

Some Chinese businesses will be removed by the White House from its list of organizations that are "untrustworthy in terms of the supply of technology items," reports Reuters citing sources. Names of the businesses that will have their restrictions lifted are still unknown. After China authorized...
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