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$18 Billion Chip Unit Sale Of Toshiba To Bain Consortium Approved By China

Toshiba would not be able to sell off its most prized asset - its chip unit, after it announced that the China regulators have approved the $18 billion deal. The business unit has bene pledged ot be sold to a consortium led by U.S. private equity firm Bain Capital.   It has been about a year...

Ad-Free Shows Like ‘Cobra Kai’ On YouTube Would Be Charged At Higher Rates

A new version of its music service is set to be launched by YouTube while at the same time the company is also set to increase charges for users to view originals such as “Karate Kid” spinoff.   It was two years ago that YouTube had started its service - YouTube Red, allowing subscribers...

Project Based Waiver From Iran Sanctions From Trump Sought By French Oil Giant Total

Demanding a waiver from the sanctions on Iran that United States President Donald Trump reimposed last week, a threat of pulling out of a $2 billion natural gas project in Iran was issued on Wednesday by the French oil giant Total.   The company is seeking protection from indirect impacts of...

Following Closure Announcement, Kellogg Cereal Factory Seized By Govt. In Venezuela

A plant that is owned by American cereal manufacturer Kellogg has been seized by the authorities of Venezuela.   This move by the government was apparently undertaken after the American company announced that it would end its operations in Venezuela and would be moving out of the market...

Low Cost Tablet Planned By Microsoft To Compete With iPad: Reports

According to media reports, a line of lower-cost Surface tablets is being planned to be brought into the market segment that is dominated by Apple ‘s iPad, by Microsoft Corp. The devices would be cheaper than the Apple products and hence rival them.   This has bene attempted by Microsoft...

Drug-Makers Extorted By Other Countries, Hence High U.S. Drug Costs: Trump

Foreign government were accused of extracting "unreasonably low prices" from pharmaceutical firms by United States President Donald Trump.   Trump has directed is top negotiators that this issue be made a focus in trade talks.   "It is time to end the global freeloading once and for...

Profit Of Apple In March 2018 Quarter More Than Total Lifetime Profits Of Amazon

Profit is the single and the most important word that can explain the decision of investing in Apple and Amazon made by Warren Buffett in recent times.   While comparing the two investments, Buffett last week rued at his decision in not putting in money in Amazon shares while revealing his...

Rare U.S. Safe-Passage Deal Granted To Volkswagen CEO

A rare safe-passage deal was granted to Volkswagen’s old chief executive officer by the United States not long after authorities there had filed sealed charges against him.   According to media reports, Herbert Diess was allowed to move about freely anywhere in the world without having...

$7.15 Billion To Be Paid To Starbucks By Nestle For The Former’s Bagged Coffee Business

Nestle has bagged a premium brand to its global business by obtaining the rights to sell and market Walmart’s products around the world. The Swiss-based food company will pay the U.S. coffee chain $7.15 billion in cash for this deal.   The deal was announced on Monday. The business for which...

Struggling To Manufacture Model 3 Cars, Record Loss Of $170 Million Posted By Tesla

While still struggling to churn out the large numbers of Model 3 electric vehicles, Tesla has expended $745.3m in cash and reported a record $709.6m net loss in the first quarter.   Questions have been raised about the ability of the company to be pay its bills by early next year without...

U.S. Brings Criminal Charges On Ex-Volkswagen CEO Winterkorn On The Diesel Emission Scandal

The former Volkswagen AG Chief Executive Martin Winterkorn has been accused of conspiracy of covering up of the German automaker’s diesel emissions cheating by the U.S. Justice Department on Thursday which has filed criminal charges against him.   Days after the revelation of the diesel...

Q1 Profits For RBS Trebles Because Of Decreasing Costs

The Royal Bank of Scotland reported an increase in profits for the first three months of the current fiscal year at £792 million in comparison to the £259 million in profits made by the bank for the same period last year.   A reduction in conduct and litigation costs, and a reduction the...
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