oneweb backed by softbank plans to merge with intelsat sa

Oneweb, Backed by Softbank Plans to Merge with Intelsat SA

Company Pavan Pandey - Mar 01, 2017

The merger would ultimately make a combined network of hundreds or even thousands of satellites in low and high altitudes around the globe.

1100 jobs to go at fords bridgend engine plant by 2021

1,100 jobs to go at Ford’s Bridgend engine plant by 2021

Company Mohit Shah - Mar 01, 2017

Claims by the Unite union states that close to 1,160 jobs will go at Ford’s Bridgend engine plant; mass meetings expected to take place at the plant.

takata to pay dollar 1 billion for airbag scandal involving fatal inflators

Takata to pay $1 billion for airbag scandal involving fatal inflators

Company Mohit Shah - Feb 28, 2017

Clearing the path for a possible sale, merger or restructuring, Takata settles the lawsuit that caused 16 deaths and affected 100 million air bag inflators worldwide.

saudi aramco planning to invest in malaysia worth 7 billion

Saudi Aramco planning to invest in Malaysia worth $7 billion

Company Mohit Shah - Feb 28, 2017

According to Malaysian Prime Minister Najib Razak, oil major Saudi Aramco would be investing US$7 billion in Malaysia focused around an oil processing hub.

tesco plans to replace 1700 managers at uk convenience stores

Tesco plans to replace 1,700 managers at UK convenience stores

Company Mohit Shah - Feb 28, 2017

Britain’s biggest retailer, Tesco, would be soon replacing 1,700 deputy managers at its various Express convenience stores with lower-paid staff.

boeing plans to open its first european factory in south yorkshire

Boeing Plans to Open Its First European Factory in South Yorkshire

Company Pavan Pandey - Feb 27, 2017

The $25 million new facility will supply critical parts for company’s best-selling Boeing 737 short-haul workhorse and the 777 wide-body airliners.

softbank to invest approx 3 billion in us based office sharing startup

SoftBank to Invest Approx. $3 Billion in US-based Office-sharing Startup

Company Pavan Pandey - Feb 27, 2017

SoftBank, after acquiring Fortress investment group for $3.3 billion, now has plans to invest another $3 billion in WeWork, a US-based startup.

jcpenney to shut down around 140 stores offer early retirements plan

JCPenney to Shut down Around 140 Stores, offer Early Retirements Plan

Company Pavan Pandey - Feb 25, 2017

Imitating the rivals, J.C. Penney to save $200 million by cutting down its store count and offering early retirement plan in an era of online shopping.

unicorn bay buy hong kong land at a record price of 2billion

Unicorn Bay buy Hong Kong land at a record price of $2.2 billion

Company Mohit Shah - Feb 25, 2017

Two mainland China property firms finalized a piece of Hong Kong residential land at a record-breaking cost of $2.2 billion, signifying the territory's skyrocketing real estate prices.

rbs reports 8.74 billion dollars loss in 2016 ninth consecutive year of losses

RBS Reports $8.74 Billion Loss in 2016, Ninth Consecutive Year of Losses

Company Pavan Pandey - Feb 24, 2017

RBS posted $8.74 billion loss, which is a reflection of around $12.5 billion of one-off payments including litigation and restructuring costs.

time warner to sell atlanta station to meredith corp

Time Warner to sell Atlanta station to Meredith Corp.

Company Pavan Pandey - Feb 24, 2017

On Thursday, American media company, Time Warner Inc. stated that it is planning to sell its Atlanta-based broadcast station to Meredith Corp. for $70 million deal.

india e commerce startup snapdeal founders take 100 percent pay cut

India’s E-Commerce Startup, Snapdeal Founders Take 100 Percent Pay Cut

Company Pavan Pandey - Feb 24, 2017

SoftBank backed Snapdeal, a $7-billion Indian online shopping portal, employing more than 8000, to undergo restructuring.

barclays pre tax profit tripled to 32billion in 2016

Barclays’s pre-tax profit tripled to £3.2 billion in 2016

Company Mohit Shah - Feb 23, 2017

Full-year profit before tax increased from £1.14 billion in 2015 to £3.2 billion in 2016, falling short of its own prediction of £3.97 billion. 

apples share hit all time high

Apple’s share hit all-time high

Company Mohit Shah - Feb 23, 2017

After a positive research report from Morgan Stanley and expectations from Chinese market, apple’s shares closed at $136.70 on 21 Feb, an all-time high. 

burgerking owner acquires fried chicken chain popeyes for 18 billion

Burger king owner acquires fried chicken chain Popeyes for $1.8 billion

Company Mohit Shah - Feb 22, 2017

Restaurant Brands international, the parent firm of Burger King and Tim Hortons, buys Popeyes, a fried chicken and seafood chain for $1.8 billion.

airbus earnings slide due to military plane costs

Airbus earnings slide due to military plane costs

Company Mohit Shah - Feb 22, 2017

According to reports, Airbus Group SE’s net income dropped by 63% to 995m euros (£838m); however, revenue surged upwards by 3% to 66.5bn euros (£56bn).

yahoo and verizon settle for 350m price slash

Yahoo and Verizon settle for $350m price slash

Company Mohit Shah - Feb 22, 2017

Verizon aims to merge Yahoo's search, email and messenger assets, along with its advertising technology tools, to its AOL unit. In 2015, Verizon bought AOL for a cost of $4.4bn.

hsbc shares drop as annual profits plunges 62 percent

HSBC shares drop as annual profits plunges 62%

Company Mohit Shah - Feb 21, 2017

The annual profits for the UK-based bank experienced a sharper drop leading to a significant fall in shares.

accenture plans to create 15000 new jobs in the united states

Accenture Plans to Create 15000 New Jobs in the United States

Company Pavan Pandey - Feb 20, 2017

Accenture, the famous information technology company, stated that it would invest $1.4 billion to train its workers and would open 10 innovation hubs in key US cities.

amazon creates 5000 new full time jobs in the united kingdom

Amazon creates 5000 new full-time jobs in the United Kingdom

Company Mohit Shah - Feb 20, 2017

This move is part of the expansion which directly highlights the importance of the UK market for Amazon. This region is the second biggest market for the company outside the US.

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