Daily Management Review
Business & Finance

As October Retail Sales Slump in the UK, Asda Pulls Out of Black Friday and Others May Follow

Despite the UK government the event of Black Friday introduced two years ago, UK retailer Asda has confirmed it will “step away” from taking part in the event. Analysts say that the looming discount phenomenon of Black Friday affecting the retail sector is the reason behind this announcement....

As Alibaba Chief Indicates no Compromise Policy, Luxury Brands Suing Alibaba say Mediation Looks Futile

After Alibaba founder Jack Ma was quoted in a magazine as saying he would rather lose the case than settle, luxury brands suing Chinese e-commerce behemoth Alibaba Group Holding Ltd have asked a U.S. judge to be relieved of the obligation to mediate, which they say looks futile since the comment by...

$5.6 Billion Indian Railway Contract Won by France's Alstom US’s GE

French engineering company Alstom will supply 800 electric locomotives and set up a local manufacturing plant worth a total of $3 billion (200 billion rupees). This decision was taken at by the Indian government on Tuesday.   India opened up limited parts of state owned railways last year...

Kaman Corporation And Calkins Sign An Agreement

Kaman Corporation to acquire Calkins assets whereby an agreement has been signed between them. A signed agreement has been finalised between the company of Kaman Corporation and the Calkins Fluid Power, Inc., whereby the “Distribution Segment” of the former to lawfully acquire the assets of the...

Crop Price Pressure Reason Behind Reported Talks of Deal Between DuPont, Syngenta

In an effort to setting up what would be the industry's first big shake-up in at least a decade, some of the world's largest agricultural companies are in talks to combine business.   The agricultural companies are battered by three years of withering crop prices and pilling losses.  ...

Exxon Mobil Issued Subpoena over Climate Statements by New York Attorney General

Acting on allegations that Exxon Mobil had lied to the public about the risks of climate change or to investors about how such risks might hurt the oil business, the New York attorney general has begun an investigation of the company activities.   A subpoena was issued to Exxon Mobil,...

The Largest Sweden Refiner Bought Raw Materials from Saudi Arabia For the First Time in 20 Years

Swedish refiner Preem has bought raw materials from Saudi Arabia for the first time in 20 years, Reuters reported, citing sources in the industry. The Preem agency confirmed this information, but the details are not reported. As noted by Reuters, before the Swedish company was buying mainly Russian...

Toyota Reports 8.9% Increase in Q3 Revenue; GM announces record China vehicle sales in October

Toyota Motor recorded a profit of ¥14.09 trillion, an increase of 8.9 percent during the six-month period ended September 30, 2015. The company sales dropped by 198,515 units compared to the same period last fiscal year with a total vehicle sale of 4,278,007 units.   While income before...

US State Department Rejects Keystone Project Delay Request

The much hyped Keystone project is probably going to be rejected by US President Barack Obama and his administration following the formal denial by the US of the a request to pause the review of the proposed Keystone XL oil pipeline on Wednesday.   Many saw the request of TransCanada Corp to...

Maersk Line to Dismiss Four Thousand Employees by 2018

Danish Maersk Line, the largest company in the world for sea container traffic, has announced plans to reduce the "at least" four thousand employees until the end of 2017. Maersk Line Company, part of the conglomerate AP Moller-Maersk Group, announced massive cuts in personnel. The company's...
1 ... « 364 365 366 367 368 369 370 » ... 405