Deciding that their merger would have been too risky to pull off, talks of a merger has been abandoned by Deutsche Bank and Commerzbank. “Sufficient benefits” would have been generated by the deal which would have offset the expenses for the deal, said both banks. The two German banks had started merger negotiations only last…
According to a new Pew Research Center survey, the majority of the most prolific users on Twitter are comprised of women. A number of differences between the most active users on the social media platform Twitter and the majority of people on its platform were found identified by researchers of the report of the study…
Solidarity to their compatriot tech workers in China was expressed by employees of Microsoft through a letter that they got published on the software development platform Github. Workers of tech companies in the United States have made use of this platform, owned by Microsoft, for expressing their views and lodging complaints about the grueling working…
After having closed the acquisition of overseas based Costa Coffee in a deal worth $5 billion in the first quarter of the current year, Coca-Cola is now eyeing greater involvement with the wider coffee industry. After Starbucks, Costa Coffee is the largest coffee brand in the world. The company CEO James Quincey does not want…
Tesla co-founder Elon Musk probably surpassed even his own limits of making bold, and by some measures outlandish statements, as he threw up a challenge to the other car makers of the world. “The fundamental message that consumers should be taking today is that it’s financially insane to buy anything other than a Tesla,” the…
The existing relationship between French-based Casino Guichard Perrachon (or the Casino Group) and the United States-based Amazon has been strengthened further by the two companies. More of pick up lockers have been installed inside the stores of the Casino Group by Amazon while allowing more stocking of the products from the French company on the…
It has not been a month that the new chairman of French auto company Renault had assured that no plan for greater integration with Japan’s Nissan was being contemplated, a new bid to integrate has been launched by Renault. According to a report published in the Nikkei on Monday, this new push form Renault had…
Despite Apple and Amazon rivalling for the same share of the pie, they also reportedly share a close business relationship with more than $30 million a month being spent by Apple for using Amazon’s cloud facilities, according to reports quoting sources. Reports state that this heavy expenditure by Apple on iCloud also shows its intention…
Oil and crude giant ConocoPhillips is set to exit from the North Sea region after the company announced its agreement for sale of its oil and gas operations of the United Kingdom in a deal that is worth almost $2.7 billion. According to the deal, Chrysaor E&P, a company focused on producing oil and natural…
Having exited the fourth largest smartphone market in the world in terms of size about a decade ago following failure of its cheaper handsets, China’s Huawei Technologies Co Ltd is set to launch two new high-end handsets this month in an effort to re-enter and make it big in the market. Currently the Chinese company…
