radioshack corp files for bankruptcy again

RadioShack Corp. Files for Bankruptcy Again

Company Pavan Pandey - Mar 09, 2017

The US-based electronic retailer, RadioShack Corp., said in a statement, it will close nearly 200 stores and also evaluate options on the remaining 1300 electronics shop.

boeing unveils the new model of 737 max family airliner

Boeing Unveils the New Model of 737 MAX Family Airliner

Company Pavan Pandey - Mar 09, 2017

The newly unveiled Boeing 737 MAX 9 beats its older sibling of MAX family, the smaller MAX 8 which was launched by aerospace manufacturer giant in December 2015.

samsung to create fresh production facilities in the us

Samsung to create fresh production facilities in the U.S.

Company Mohit Shah - Mar 09, 2017

The initial investment is expected to be close to a noticeable amount of $300 million. It is also reported that, Samsung is in talks with five U.S. states, and the fresh decision can generate close to

hpe to purchase data storage provider nimble inc for 1bn dollars

HPE to Purchase Data Storage Provider Nimble Storage Inc. for $1Bn

Company Pavan Pandey - Mar 08, 2017

According to the deal, HPE Co. will pay $12.50 per share in cash for Nimble Storage Inc., which shows a 45 percent premium to Nimble’s closing share price on Monday.

uber to hire a new coo as criticism increases

Uber to hire a new COO, as criticism increases

Company Vinay Mishra - Mar 08, 2017

Uber to hire No. 2 in command, amid allegations of sexual harassment and immoral organizational culture, intense public backlash and disgraceful leadership behavior.

brookfield to acquire sunedisons renewable yieldcos in 141bn dollars

Brookfield to Acquire SunEdison’s Renewable Yieldcos in $1.41Bn

Company Pavan Pandey - Mar 08, 2017

Global leading alternative asset manager, Brookfield Asset Management Inc., stated it would be purchasing one of two yieldcos belonging to solar company SunEdison Inc.

exxonmobil to spend 20 billion dollars on the us gulf coast

ExxonMobil to Spend $20 Billion on the US Gulf Coast

Company Pavan Pandey - Mar 07, 2017

The CEO of ExxonMobil Corp., Mr. Darren Woods stated at CERAWeek that the investment should generate 35000 temporary construction jobs and 12000 permanent Jobs.

allen parker to become wells fargos new general counsel

Allen Parker to become Wells Fargo’s new general counsel

Company Vinay Mishra - Mar 07, 2017

As Wells Fargo tries to restore the lost reputation over the fake account scandal, Allen Parker to succeed in-house veteran, James Strother.

standard life and aberdeen asset management confirm 135bn dollars merger talks

Standard Life and Aberdeen Asset Management Confirm $13.5Bn Merger Talks

Company Pavan Pandey - Mar 06, 2017

Scotland’s two most well-known financial company, Standard Life and Aberdeen Asset Management are in talk to form Britain’s largest investment manager.

deutsche bank announces capital hike by 8 billion euros for major reorganization

Deutsche Bank announces capital hike by 8 billion euros for major reorganization

Company Mohit Shah - Mar 06, 2017

After a supervisory board meeting on Sunday, the decision for a capital hike by €8 billion was issued. The bank said in a statement, the implementation would take place on March 21.

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.

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