With Dublin as its new European headquarters, Bank of America will operate through its branches in Amsterdam, Brussels, Frankfurt, London, Madrid, Milan, Paris and Zurich. On Monday, Bank of America stated, having received the necessary court and regulatory approvals, it has completed the shifting of its market and banking operation from London to Dublin. The…
Activist hedge fund Third Point, led by investor Daniel Loeb, has been pressurizing Nestle to sell its stake in L’Oreal. On Monday, in a report published by the Financial Times which triggered fresh rounds of speculation, Paul Bulcke, Nestle’s Chairman, stated the company’s stake in French cosmetics firm L’Oreal was “something active on the board’s…
The technology has proven itself in a small store format. It is harder to get it working in bigger spaces especially those with a high ceiling and larger production rates. As per a report from the Wall Street Journal, Amazon.com Inc is testing its cashierless checkout technology for bigger stores and in larger spaces. It…
Grab is expected to close the deal within the next few days, although there is however no certainty to to this. On Monday, the Economic Times, has reported citing two sources briefed on the matter at hand, ride hailing firm Grab is in advanced talks to invest $100 million in Oyo, an Indian hotel-reservations startup.…
Qualcomm, the biggest smartphone chipmaker, fell victim to the U.S.-China trade war after it failed to gain approval from Chinese regulators in its $44 billion deal to acquire NXP Semiconductors. On Monday, U.S. chip maker Qualcomm Inc stated, it considers the prospects of acquiring NXP Semiconductors as closed. “While we were grateful to learn of…
This strategic move sees Amazon.com increasing its cooperation with Apple and is probably aimed at boosting its market footprint at the cost of Alphabet’s Google. On Friday, in a move that marks increased collaboration between two tech giants, Amazon.com Inc stated, Apple Music will become available on its Echo smart speakers starting December 17, 2018.…
Toyota will gain full control over the factory in 2021 which will continue to produce current generation compact cars for both companies. On Friday, both Toyota and the PSA Group stated, the former has agreed to to purchase the latter’s stake in a jointly-managed Czech Republic factory which specializes in the manufacture of small cars.…
South Korea’s Suwon District Prosecutors’ Office has concluded that Samsung Display 150 billion 3D lamination technology was sold by the CEO and 8 employees of Toptec Co Ltd for $13.85 million to China. In a development that goes to corroborate much of the narrative coming out of the United States and which underscores one of…
This strategic route could enable BMW to comply with air quality standards set by cities. On the sidelines of the Los Angeles Auto Show, BMW disclosed that it can force its hybrid cars to switch to an electric-only mode in heavily polluted inner-city areas; this strategic move will enable BMW’s vehicles to compete with pure…
The “Close Friends” feature allows users to share their stories with a select group of people rather than just followers. On Friday, Facebook-owned Instagram stated, it has launched a new feature called “Close Friends” through which users can share their stories with a smaller group of people. This new feature appears on the user’s profile…
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