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Foxconn’s deal with Sharp does not materially impact Samsung’s business

Samsung does not see any material impact in its business arising out of concerns from Foxconn’s takeover of Sharp Corp, a manufacturer of display boards. As per a senior Samsung executive, the electronic manufacturing giant does not perceive any significant threat to its television business in the...

ZTE secures temporary export control relief from U.S. Dept. of Commerce

Having spent $5.1 million over a period of 4 years in lobbying expenses, ZTE has managed to secure a temporary relief from Iran specific export curbs. As per a senior official from the Department of Commerce, the U.S. government plans on proving ZTE Corp with temporary relief measures, lifting the...

Apple refuses to budge despite threat of handing over source code

Apple has once again refused to comply with the DOJ’s demand. This interesting case could be rather important, pregnant with enough complexities and with no clear right or wrong, it wouldn’t be surprising if it becomes historically important. In the latest Apple has once again said it would be...

German court rules that customer has no right to return rigged VW car

A German court has dismissed a customer’s plea to return his VW sports utility vehicle. The plaintiff will appeal to a higher court. In a significant ruling in favor of German auto manufacturer Volkswagen, a German court has dismissed a customer’s plea who wanted to cancel the purchase of his...

VW now facing class action lawsuit in Germany

Ironically the suit has been filed in its home town of Lower Saxony, which is its second biggest shareholder. A law firm representing 300 institutional investors who have filed a multi-billion euro lawsuit against German car manufacturing giant Volkswagen has said its clients have done so since VW...

Cainiao – Alibaba’s logistics department completes first funding round

Cainiao, Alibaba’s logistics arm crunches large reams of big data to improve its operational efficiency of its logistics network. China’s equivalent to America’s Amazon, the Alibaba Group Holding Ltd has disclosed that it has completed a funding round.   As per its statement, investors who...

2013 agreement allows for opening future dealerships says Tesla

The Virginia Automobile Dealers Association (VADA) has filed a lawsuit in Fairfax County stating that the 2013 agreement does not allow for opening another dealership in the state. Tesla disagrees. Despite existing franchise laws that do not permit an auto manufacturer to own and operate a...

Duff & Phelps carries the ball in valuation services

When it comes to corporate finance, gliding between regulations, calculations and strategy is not a small matter. Admittedly, numbers are a fate, they never lie. But what really matters is to make them reveal secrets and solutions as much as they can. That’s how Duff & Phelps, one of the...

Honda Motors to compensate its U.S. dealers over Takata airbags

Citing an internal notice by Honda to its dealers, Automotive News has said, depreciation cost of unsold vehicles will be reimbursed by Honda. As per a news report which appeared in Automotive News, Honda Motor Co. will be compensating U.S. dealers the depreciation cost of vehicles they cannot sell...

Michael Horn steps down from VW AG

His immediate replacement is Hinrich J. Woebcken. Volkswagen has disclosed yesterday, that its top executive in the U.S. will be leaving the company. This news comes in the wake of the diesel emission cheating scandal that is haunting the company for the last six months. Michael Horn has been the...

Lockheed Martin adopts new technologies to reduce cost and manufacturing time

By standardizing components across its satellites portfolio and by increasing the adoption of 3D printing, Lockheed Martin aims to reduce manufacturing time as well as cost. Lockheed Martin, one of the Pentagon’s top weapons manufacturer is also known for making top notch big military satellites...

Justice Department subpoenas former Goldman Sachs banker in connection with 1MDB investigation

The Justice Department’s kleptocracy asset recovery unit is probing Goldman Sachs’s business relationship with 1MDB. Goldman Sachs had earlier facilitated the sale of U.S. dollar bonds for 1Malaysia Development Bhd. As per Bloomberg, Tim Leissner, a former banker from the Goldman Sachs Group Inc....
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