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.

kraft heinz pull out its 143 billion dollar merger with unilever

Kraft Heinz Pull Out its $143-Billion Merger with Unilever

Company Pavan Pandey - Feb 20, 2017

On Sunday, in a joint statement by the two companies, it was mentioned that Kraft Heinz Co. has taken away its offer for a $143 billion unification with a rival company, Unilever Plc.

high expectations from essilor and luxottica merger deal

High expectations from Essilor and Luxottica merger deal

Company Mohit Shah - Feb 20, 2017

Looming merger news between Essilor and Luxottica builds up higher prospects towards innovation as well as customer benefits.

blackberry files patent violation lawsuit against nokia

Blackberry Files Patent-violation Lawsuit against Nokia

Company Pavan Pandey - Feb 17, 2017

Blackberry Limited, a struggling Canadian smartphone company sued Nokia Corporation for violating patents that considered important to wireless communications technology.

apple to initiate manufacturing in india with iphone se

Apple to initiate manufacturing in India with iPhone SE

Company Mohit Shah - Feb 17, 2017

Wistron Corp, Apple’s Taiwanese manufacturing partner has taken up the task to set up a plant in Bengaluru that will primarily focus on the assembling of iPhones. 

yahoo and verizon close to agree on revised sale terms

Yahoo and Verizon close to agree on ‘revised sale terms’

Company Mohit Shah - Feb 16, 2017

Verizon wishes to merge Yahoo's search, email and messenger assets, along with advertising technology tools, with its AOL unit. Verizon took over AOL for $4.4bn in 2015.

time warner shareholders agreed merger with att inc

Time Warner Shareholders Agreed Merger with AT&T Inc.

Company Pavan Pandey - Feb 16, 2017

On Wednesday, Shareholders of Time Warner voted to approve the acquisition of entertainment company to telecommunication giant AT&T Inc. for $85.4 billion.

boeing co plans to fly new 737 max 9 aircraft in april

Boeing Co. Plans to Fly New 737 Max-9 Aircraft in April

Company Pavan Pandey - Feb 15, 2017

On Wednesday, aircraft manufacturer, Boeing Company, unveiled the latest aircraft of its 737 narrow-body aircraft family in its assembly line in Renton, Washington.

softbank to purchase fortress investment group llc for approx 33 billion dollars

SoftBank to Purchase Fortress Investment Group LLC for Approx. $3.3 Billion

Company Pavan Pandey - Feb 15, 2017

On Wednesday, Japan’s SoftBank Group Corp. said it has agreed to purchase a US-based investment management company, Fortress Investment Group, for about $3.3 billion.

rolls royce posts record loss of 46 billion pounds

Rolls-Royce Posts Record Loss of 4.6 Billion Pounds

Company Pavan Pandey - Feb 14, 2017

On Tuesday, United Kingdom-based luxury car and aircraft engine manufacturer, Rolls Royce, declared a record loss of $5.8 billion (4.6 billion pounds).

credit suisse to cut 5500 jobs after 24bn dollars net loss in 2016

Credit Suisse to Cut 5500 Jobs after $2.4Bn Net Loss in 2016

Company Pavan Pandey - Feb 14, 2017

This is the second straight year in the red, which is keeping the pressure on CEO Tidjane Thiam to deliver on his turnaround strategy for Switzerland’s second-largest bank.

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