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Wells Fargo Q4, 2018 Earnings Reflect Effect Of Its Multiple Scandals

VW & Ford Partner To Develop EVs And Self-Driving Cars And Save Costs

Reader's Pick

Consistency and dramatic evolutions: the banknotes’ manufacturing history 01/08/2019

After Kids, Netflix Launches First Interactive Movie For The Adult Audience 12/30/2018

Singapore Property Could Have Muted Demand In 2019, Says Researcher 12/30/2018

New Bid For Sears Put By Its Chairman Worth $5 Billion: Reuters 01/10/2019

Apple iPhone Production Forecast For First Quarter Slashed By Citi 12/30/2018

Latest Business News
Wells Fargo Q4, 2018 Earnings Reflect Effect Of Its Multiple Scandals

Wells Fargo Q4, 2018 Earnings Reflect Effect Of Its Multiple Scandals

Companies

A series of scandals that dented the image of one of the largest banks of the US which potentially resulted in a decline in deposits and loans at Wells Fargo as the bank announced a drop in its profit in the last three months of 2018 on Tuesday.   A year-on-year drop of 1 per cent in its quarterly profits for the last quarter of 2018 year at $6.1 billion was announced by the San...
VW & Ford Partner To Develop EVs And Self-Driving Cars And Save Costs

VW & Ford Partner To Develop EVs And Self-Driving Cars And Save Costs

Companies

With the aim of saving billions of dollars, top global car makers Volkswagen AG and Ford Motor Co are entering into a partnership to develop commercial vans and pickups and would also jointly conduct projects for the development of technologies for electric and self-driving technology. The two companies made the announcement on Tuesday at the Detroit Auto Show.   The companies announced...
Following Apple’s Sales Warning, Price Of iPhones Slashed By Chinese Retailers

Following Apple’s Sales Warning, Price Of iPhones Slashed By Chinese Retailers

Companies

After soft sale and demand for iPhones forced US tech giant Apple to recently announce a very rare revenues and profit warning for the fourth quarter, a number of Chinese electronics retailers including Suning – backed by Alibaba, and JD.com, have decided to cut down the prices of iPhones this week.   Some of the price cuts are quite steep. For example, the retailers are offering discounts...
Lawsuit Against Board Of Alphabet Over Alleged Sexual Misconduct Cover-Up

Lawsuit Against Board Of Alphabet Over Alleged Sexual Misconduct Cover-Up

Companies

The board of Google parent Alphabet Inc has been slapped with two law suits by shareholders accusing the company of being directly involved in attempts of covering up of sexual misconduct claims that were pressed against two former executives in within the last five years.   There have been no comments from the company.   The aim of the lawsuits to bring in changes in Google in the...
New Bid For Sears Put By Its Chairman Worth $5 Billion: Reuters

New Bid For Sears Put By Its Chairman Worth $5 Billion: Reuters

Companies

Chances of the US department store operator Sears Holdings Corp  being able to escape liquidation became rosier after a revised roughly $5 billion takeover bid for the company was presented by the Chairman of the company Eddie Lampert, according to a report in the news agency Reuters.   The report also said that the rehashed bid also shows that Lampert was ready to accept liabilities...
Additional $2B To Be Invested In WeWork By Japan’s Softbank

Additional $2B To Be Invested In WeWork By Japan’s Softbank

Companies

According to media reports quoting sources, this year another $2 billion would be invested in shared working space app WeWork from Japan’s SoftBank Group. With the injection of this new investment, the total investments by the Japanese conglomerate SoftBank into the   office space provider online platform would amount to more than $10 billion.   According to the reports, WeWork...
Agreement For More Oil Production Signed Between Venezuelan And French Oil Firms

Agreement For More Oil Production Signed Between Venezuelan And French Oil Firms

Companies

According to the announcement made by Venezuelan President Nicolas Maduro recently an agreement worth 400-million-U.S. dollar was signed between Venezuelan state-owned oil company PDVSA and French company Maurel & Prom. Under the agreement, both the companies would jointly work to ramp up production of crude oil in the western state of Zulia in Venezuela.   "A good oil investment...
Possible 80 Percent Drop In Q4 Profit For LG Electronics Due To Reduced TV Margins

Possible 80 Percent Drop In Q4 Profit For LG Electronics Due To Reduced TV Margins

Companies

Following on the heels of South Korean tech giant Samsung announcing massive drop in fourth quarter earnings and about a week after its first profit warning for the fourth quarter issued by US teach giant Apple Inc., another South Korean electronic gadgets giant - LG Electronics Inc said on Tuesday that there could be a potential drop of a massive 80 per cent in operating profits in the fourth...
Consistency and dramatic evolutions: the banknotes’ manufacturing history

Consistency and dramatic evolutions: the banknotes’ manufacturing history

Innovation

Paper money is used so frequently that it seems to us that it does not change at all and its appearance remains the same as five or ten years ago. Yet, banknotes do change even though we may not notice it. Every few years, manufacturers add new features to protect bills from counterfeiters, ensure traceability, transparency, security of the entire supply chain, as well as to contribute in the...
Apple’s iTunes Would Be Available On Samsung’s Smart Tvs As The Two Bury Rivalry

Apple’s iTunes Would Be Available On Samsung’s Smart Tvs As The Two Bury Rivalry

Companies

In a rare collaborative move, Apple has agreed to allow its iTunes services to be plated played on Samsung televisions which are sold from 2018 onwards.   This is being seen by many to be a rare exception to the long-standing policy of the iPhone maker of not allowing its software to be put on and used on hardware manufactured by other companies.   This means that owners of...
China Slowdown Primary Reasons For Anticipated Profit Drop At Samsung In Q4

China Slowdown Primary Reasons For Anticipated Profit Drop At Samsung In Q4

Markets

The slowdown of economic growth in China - which is one of the crucial markets for the South Korean tech giant Samsung Electronics, was cited to the primary reason for the company being set to announce its first quarterly operating profit in two years.   Such a result would definitely add to the worries of investors because of Samsung is the largest manufacturer of smartphones and amongst...
Apple In China In 2019: Court Battle, Trade War And 5G Challenges

Apple In China In 2019: Court Battle, Trade War And 5G Challenges

Companies

There are a lot challenges for Apple Inc with respect to China in the new year ranging from the roll out of 5G network, the outcome of the trade negotiations between the US and China and the impending threat of a ban on sale of some iPhone models  following a court order that has been challenged by the iPhone maker. Rivals such as Huawei and Samsung are already ahead of Apple in the Chinese...

World

New Draft Law In China For IP Right Protection & Banning Forced Tech Transfer

New Draft Law In China For IP Right Protection & Banning Forced Tech Transfer
China is set to address one of the key demands on trade by the United States – which was one of the reasons for the trade war, by accelerating a lawmaking process that would draft a new legislation...

Trade War Main Risk In Next 6 Months For Asian Businesses: New Survey

Trade War Main Risk In Next 6 Months For Asian Businesses: New Survey
A Thomson Reuters/INSEAD survey noted a very cautious optimism within Asian companies for the last quarter of the current year as they closely watch the outcome of the trade negotiations between the...

South Korea Trying To Insulate Itself From US-China Trade War

South Korea Trying To Insulate Itself From US-China Trade War
Despite the temporary 90 day truce, the ongoing trade war between the United States and China has created a sense of uneasiness and uncertainty among Asian nations.     South Korea is one...

Study Blames Global Warming For Vanishing Snow In Switzerland

Study Blames Global Warming For Vanishing Snow In Switzerland
According to a report from the University of Geneva which was based on a study that made use of a new tool called the Swiss Data Cube that global warming could probably be the reason for the...

Brexit Anticipation Forces Away Medicine Assessment Contracts From UK

Brexit Anticipation Forces Away Medicine Assessment Contracts From UK
According to reports, there has been a collapse of the leadership role of the United Kingdom in evaluating new medicines that for sale in the rest of Europe as now more new work is coming its way....

People

Carlos Ghosn Appears In Japan Court, Pleads Not Guilty

Carlos Ghosn Appears In Japan Court, Pleads Not Guilty
In his first appearance in a Japanese court after nearly 50 days behind bars, former Nissan Motor Co. Chairman Carlos Ghosn denied all allegations brought against him by the car maker of financial...

Signature Of Former Nissan Chairman Ghosn & A Nissan Official Found In Deferred Pay Paper

Signature Of Former Nissan Chairman Ghosn & A Nissan Official Found In Deferred Pay Paper
According to a report published in the Japanese newspaper The Asahi Simbunm, the signature of former Nissan Chairman Carlos Ghosn and that of a senior official at the company’s secretary’s office can...

Ghosn Possibly Owned Luxury Homes In Multiple Cities Bought Of Nissan’s Money

Ghosn Possibly Owned Luxury Homes In Multiple Cities Bought Of Nissan’s Money
The ousted Chairman of Nissan Motors Co, Carlos Ghosn, is being investigated about whether he had directed a subsidiary of Nissan to purchase a luxury residential property for his personal use....

US Federal Judge Demands Explanation Of SEC-Musk Settlement, Musk Mocks SEC

US Federal Judge Demands Explanation Of SEC-Musk Settlement, Musk Mocks SEC
Tesla’s Elon Musk is apparently in trouble once against after having mocked the United States Securities and Exchange Commission (SEC) a few hours after he and the regulator was ordered by a federal...

Musk Will Not Be Tesla Chairman Under Settlement Agreement With SEC

Musk Will Not Be Tesla Chairman Under Settlement Agreement With SEC
In a settlement with the United States Security and Exchange Commission (SEC), Tesla chairman and founder Elon Musk and the company Tesla has agreed to pay $20 million each and the stepping down of...

CSR