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After 'Challenging' Quarter Goldman Details Cost Savings Plan

While most of Goldman Sachs Group Inc’s businesses came under pressure, a sharp decline in expenses and more activity in some parts of the fixed-income markets helped the bank clock a higher second-quarter profit.   Chief Financial Officer Harvey Schwartz said on a conference call said that...

Since Pokemon GO launch, Market Cap of Nintendo Doubles to $42 Billion

In just seven sessions since the mobile game Pokemon GO was launched in the United States, the market capitalization of the Japanese firm Nintendo Co was more than doubled to reach 4.5 trillion yen ($42.5 billion) as the shares of the company which released the Pokeman Go game to the world last...

Bayer’s Takeover of Monsanto Called to Vote by Investors by Henderson

Claiming that the proposed merger of Monsanto and Bayer posed threat to the long-term strength of the German chemicals group, a vote on Bayer’s $64 billion-plus proposed takeover of Monsanto has been demanded by Henderson Global Investors, a minority investor in Bayer.   A major departure...

Supersonics and Manned Craft to Mars aimed by Boeing at Outset of Second Century

Plans that include ambitious projects for supersonic commercial flight and a rocket that could carry humans to other planets were among the many plans that have been taken up and announced by the Boeing Co to sharpen its focus on innovation to mark its centennial.   Chief Executive Dennis...

Appeal Over Seizure of Foreign Emails Won by Microsoft

Customer emails stored on servers outside the United States cannot be forced to be turn over by the U.S. government on companies like Microsoft Corp and other, a federal appeals court ruled recently.   Noting a victory for privacy advocates and for technology companies offering cloud...

Rollout to 200 Markets Aimed Soon, says Developer of Nintendo's Pokemon GO

The developer behind Nintendo Co Ltd's Pokemon GO is working on bolstering server capacity to enable the wider rollout and would "relatively soon" launch the smash-hit mobile game in roughly 200 countries and regions. This was revealed by the head of the developing firm recently after the...

GM Plant Shutdown Averted after Deal with Supplier CCM

The treat of a shut down some or all of General Motors’ North American plants was averted after a settlement was reached between GM and an insolvent Massachusetts parts supplier. The struggles of the parts supplier had caused concerns of a complete shutdown which was averted by the US automaker,...

Stressing Difference from Hands Free Driving, Nissan Launches Auto Drive Features

Following a string of accidents and the death of a driver riding a self driven car in the US and the US regulatory body investigating at least one such incident, Nissan Motor Co Ltd launched a suite of semi-autonomous driving functions on Wednesday.   However the Japanese car maker also...

High Growth Firms in Asia the Target of Citibank Corporate Banking Business

As part of its plans to boost corporate banking revenue, winning a bigger share of business from "emerging market champions" in Asia, including rapidly growing Internet firms is the latest strategy and focus of Citigroup Inc looks as reh company is taking steps to sharpen its focus.   Gerald...

As Scrutiny Rise, General Counsel for its Self Driving Car Project Named by Google

As the U.S. regulators increase their scrutiny of autonomous vehicles and call for greater proof of safety measures to be shown by auto makers, Alphabet Inc's Google self-driving car project appointed its first general counsel, the company said in a statement.   In the states of Texas,...

Malm dressers, chests to be Recalled in China by IKEA, Watchdog says

Just days after the Swedish company IKEA was slammed by Chinese media for operating a "double standard" in the world's most populous country, the Swedish company will recall its Malm dressers and chests in China, said the country's consumer watchdog.   For safety reasons, IKEA would recall...

Week of Free Shipping Rolled out by Wal-Mart Ahead of Amazon’s Prime Day

Amazon and Wal-Mart are at loggerheads once again.   Wal-Mart is eliminating the $50 minimum spending requirement for shoppers to receive free shipping on their online orders just hours before Amazon's second Prime Day sales event, a self-invented holiday that offers exclusive deals for...
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