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Management

Core common components between the F-35 and the B-21 leads to savings

As per the Air Force General running the F-35 fighter jet program commonality between the F-135 engine with that of the B-21 bomber is likely to lead to cost reductions. While commenting on the selection of Pratt & Whitney to build Northrop Grumman Corp’s engines for the long range B-21 bomber,...

Booming times for fintech companies in India, China

With a burgeoning consumer base, fintech companies in India and China are seeing phenomenal growth. As per data from KPMG and CB Insights, traders have invested a record $4.5 billion into financial start-ups in Asia last year. This is four times than the amount in the previous year putting the...

Twitter hands out stock and cash to retain its employees

With four top executives leaving the company, Twitter is desperately trying to hold on to its current talent pool. In an effort to rein in employees leaving the company, Twitter Inc. has been doling out stock and cash incentives, as per the Wall Street Journal.   Depending on the number of...

Big fine will result in big job cuts warns VW’s labor Chief

In what could be described as game of chess, VW’s labor chief has warned U.S. authorities that imposing big fines on the company will result in big job cuts which is likely to hurt the U.S. economy. With the U.S. Justice Department suing Volkswagen for upto $46 billion for breaching U.S....

Side deal with 38 Studios cost Wells Fargo dearly

As per the SEC lawsuit a side deal by Wells Fargo with 38 Studios during the $75 million bond offering with Rhode Island’s development agency resulted with Wells Fargo receiving double its due. The Securities and Exchange Commission of the United States has charged a unit of banking giant, Wells...

Justice Department requests Apple to extract data from older iOS

Although it had cooperated with law enforcement agencies and intelligence officials in the past for data extracting operations from its flagship smartphones, Apple has said it is willing to fight such cases upto the U.S. Supreme Court. In a move that will get approving nods from tech giants such as...

Japan’s fashion industry mirroring its economic state

The resurgence in Japan’s economy had reflected in its fashion industry’s bright red lipstick. With the Abenomics losing its luster, lip gloss shades are increasingly turning dull. Here’s a brief article in which Japan’s economic state is reflected in its fashion industry. In the first year when...

G20 statement does not rebuke BOJ’s negative interest rate policy

An advisor to the Japanese Prime Minister has clarified that the G20’s statement does not in any way reflect on BOJ’s working. An advisor to the Japanese Prime Minister has disclosed that the G20’s agreement that monetary policy alone cannot lead to a balanced growth, does not in any way impose...

Slow pace of reforms prompts Moody’s to review China’s economic outlook as ‘negative’

High debt levels in Chine state-owned companies could make the cost of servicing that debt very high. In its latest outlook which reflects on the fundamentals of the Chinese economy, Moody’s has downgraded the Chinese government’s debt to "negative" from "stable" citing increased uncertainty over...

Improved efficiency in U.S. shale operations likely to affect OPEC’s oil strategy

One thing is for sure, the glut in the oil market will take longer to resolve. For U.S. shale oil producers $40 is going to be the new $70. A couple of months back, shale oil companies in the U.S. had said they found it unprofitable to drill below prices of $60 a barrel. Now however some oil...

France gives Google a $1.76 billion arrears tax notice

Unlike Britain, France is not willing to compromise, yet on its tax demand for arrears. As per a source from the France’s Ministry of Finance, the French government is demanding that U.S. internet search engine giant Google pay 1.6 billion euros in back taxes. Google has been criticized for using...

5 Qualities of Outstanding Leaders

Once, millionaire and owner of a successful business Richard St. John come to think: "What makes successful people successful?” He interviewed 500 most successful people, including Bill Gates, Oprah Winfrey, Richard Branson and J.K. Rowling. Then, having analyzed hundreds of interviews, biographies and memoirs, he wrote the book "8 to be great". There, he speaks about eight main qualities of leaders. Here are five of them
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