Following unconfirmed reports in the media, United States based chip making giant Nvidia confirmed on Monday that it was set to acquire the Israeli chip designer Mellanox Technologies for $6.8 billion. According to reports, this bid by Nvidia was more than an earlier bid made for the company by Intel Inc. The acquisition would help…
An investment of $400 million by the sovereign wealth fund of Saudi Arabia was returned back to the investors of the Middle Eastern country by Endeavor talent agency, essentially following up on its promise not to establish any new ties while also eliminating older ties with the kingdom as a mark of opposition to the…
Calls for an unified common standards with verifiable facts needs to be created and imposed in case of cyber security was made by Chinese tech giant Huawei. “Trust needs to be based on facts, facts must be verifiable and verification must be based on common standards. We believe that this is an effective model to…
There has been a contraction in the manufacturing activity in China for the third consecutive month in February 2019 according to data released by China’s National Bureau of Statistics. The Purchasing Managers’ Index (PMI) dropped to a level below the expectations of analysts. This level also marks the lowest level of the official manufacturing PMI…
Warnings of additional cash problems in the coming time were issued by the newly appointed CEO of General Electric Co. even as the company is facing some tough problems in revenues and profits which resulted in a significant drop in the shares of the company as investors lost confidence in the nascent turnaround efforts of…
Companies that do not have any women directors or have a not so clean history with respect to taxes is being planned to be put under pressure by a group of Christian church investors in the UK. The Church Investors Group has pension fund members with £21bn in assets. Those large companies that have poor…
The Luxury British car manufacturer maker Aston Martin is in the process of making continuous investments in the development and manufacturing of new models and a second manufacturing unit as a part of its turnaround strategy and this drove down the adjusted pre-tax profits for the company in 2018. The company reported a year on…
According to Public Relations experts, Chinese tech company Huawei is in fact benefitting from the extensive and global coverage that the company is getting because of the call of the United States to ban the company and its urging of the its allies to do the same. The US fears that the telecom equipment supplied…
The $5.26 billion acquisition of Brazilian company Embraer by the US aircraft maker Boeing was approved by the shareholders of the former company at the company’s headquarters in an extraordinary general shareholders’ meeting. More than 96 per cent of the valid votes at the special meeting approved the acquisition which represented about 67 per cent…
The department store chain Macy’s announced retrenchment of about 100 jobs in its management category as a part of the company’s efforts to cut down costs and enhance profitability even as sales continue to fall. In the fourth quarter, the company however performed better than the market expectations which were lowered earlier. However the company…
