Business – Page 7

NY’s Plan To Avert L Train Shutdown Is High-Tech, Innovative, And Untested

Andrew Cuomo (New York Gov.) this week shocked subway commuters when he declared that the projected 15-month close-down of L train tunnel between Brooklyn and Manhattan (that was scheduled to start April 27, 2019) will rather turn into an untested and high-tech rescue plan. The news might come as a relief to some L train…

Mall Vacancy Rate In US At 9%, More To Closures On The Way

In last few months, several stores of Sears, J. C. Penney, and Bon-Ton have been rapidly closing down. Owners of shopping centers and malls although seemed indifferent to the situation, they would certainly take notice when more of them get closed in the course of 2019. The rate of vacancy in different regions in the…

Jerome Powell Says “Won’t Resign”

Chairman of Federal Reserve, Jerome Powell has mentioned taking certain moves to reinsure the current condition of the financial market. He also said henceforth the Central Bank of US would consider before increasing the rates again. In a statement, he made sure to talk about the issue of his resignation. He said he would certainly…

Huawei And Samsung Supply Bulk Of Own Modem Processors, Qualcomm Says

The two biggest smartphone manufactures all over the globe supply a bulk of their own modem processors to assist their handsets link to wireless data networks, as per proof shown at an antitrust court case for Qualcomm (the chip supplier). A trial between the Qualcomm and US Federal Trade Commission started in a federal courtroom…

Scientists Develop New Method To Prevent MRSA

Now scientists have come up with a new approach to prevent the spread of MRSA. This is a fatal infection which stops antibiotics from functioning. This kind of infection often spreads at hospitals. This new process has been invented by the scientists of Columbia University Mailman School of Public Health Report. MRSA computer model has…

Yet Another Detention Extension For Ghosn

Carlos Ghosn the former chief of Nissan who has been detained in Tokyo on charges of financial misappropriation has been given a longer sentence by the court though his co-accused was released on bail last week. Ghosn has already been detained for more than six weeks and will be held for another 10 days without…

China’s Slowdown Unlikely To Impact Samsung

Investors showed very less confidence in Samsung recently on January 3, 2019. This is due to the revision that went downside in the first quarter of the guidance in Apple’s turbid prices of the stocks of its suppliers. On January 2nd, 2019 Apple had to lower down the revenue guidance as well as the gross…

Musk Had The Last Laugh With SEC By Appointing His Close Friend As His Replacement

Tesla’s founder and outgoing CEO Elon Musk has managed to outmaneuver his long-time foe Securities and Exchange Commission by enabling appointment of Larry Ellison of Oracle and Kathleen Wilson to the board of Tesla. The appointments were made by Tesla to comply with SEC’s regulations that had asked for removal of Musk as CEO and…

Indonesia, Malaysia Condemn EU’s Policy On Palm Oil

World’s largest producers of palm oil for use as transport fuel namely Indonesia and Malaysia are crying foul over decision of European Union to phase out its use and declaring retaliation threats for its policy of trade protectionism. The move by European Union to phase out palm oil use from transport industry has been forced…

Larry Ellison, Oracle Co-founder Makes It To Tesla Board

Tesla welcomes new members aboard. This move promises to strengthen the current board, which was also committed by Elon Musk, the founder of the company to the SEC or Securities and Exchanges Commission. Larry Ellison, the co-founder and Chairman of Oracle, the Enterprise cloud software firm and Kathleen Wilson-Thompson, the Walgreens Boots Alliance executive were…

Around 70,000 Crore Spent By Tata Group For Acquisitions

The Tata Group spent more than Rs 70,000 Crore in 2018 to partially honor and restructure its business, consolidating its cross-shareholdings, acquiring strategic assets and introducing the necessary capital. In a message to officials later this year, N Chandrasekaran, Tata Sons Chairman also warned that 2019 would bring a series of macroeconomic challenges. As the…

Tough Times Ahead For Media Companies, Says LionTree CEO

LionTree’s Founder and CEO of investment bank, Aryeh Bourkoff has asked the media companies to buckle up and come with profit tactics and innovative ideas to remain in the market since in the coming years investors would be strict and less tolerant about companies giving average performance. Since the rising of the interest rates, deal…

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