Weather New York, NY +42°F


Key Speakers At The World Economic Forum (WEF) 2016

Dell plans IPO to enhance its bought out SecureWorks' valuation

Dell is mulling over an initial public offer (IPO) for its recently acquired SecureWorks. Dell is also planning to spin off SecureWorks after the IPO which is expected to enhance the valuation of SecureWorks from $154.9 million $1.4 billion.

Read Full Article
GM CEO Mary Barra Holds Press Conference On Ignition Switch Recall

General Motors Wins Fourth Bellwether Lawsuit, Two More Awaits For Disposal

GM has been sued with more than 400 lawsuits over defective ignition switches, of which six have been chosen as bellwether cases. Just after settling the Yingling case last week, the automobile maker has own verdict of another suit in its Favor on Friday. The remaining two damage claims for casualties are expected to get ended by this year.

Read Full Article

StanChart To Dispose Assets Worth $4.4 Billion in Asia Including $1.4 Billion in India

StanChart has reportedly been considering for disposing of risk weighted assets worth $4.4 billion in India, China, Indonesia and Malaysia. To be liquidated assets in India will worth around $1.4 billion following an internal classification of businesses with risk for default. The move is going to take place since the lender pares its balance sheet after booking record impairments.

Read Full Article
Profile Of Managing Director & CEO of Godrej Properties Limited Pirojsha Godrej

Sluggish Indian realty spells boom for Godrej Properties

Sluggish sales and the new regulatory bill in India's real estate sector have turned to be favorable for Godrej Properties which is now making heavy investments to cash in on available opportunities in an otherwise sluggish real estate market.

Read Full Article
Key Speakers At The Dublin Web Summit

Accel Announced New $500 Million Fund Targeting European and Israeli Startups

Palo Alto-based venture firm Accel has raised a new fund. The fund is targeting the next generation of entrepreneurs in Europe and Israel.

Read Full Article
Key Speakers At The INTX Internet & Television Expo

Charter Communication CEO Met FCC Regarding Acquisition of Time Warner Cable

Tom Rutledge has met FCC chairman Tom Wheeler last week to talk the acquisition. As the merger has already been past its late March informal deadline for approval.

Read Full Article
Puerto Rico Loses Bid For Restructuring Law as Crisis Mounts

Puerto Rico Central Bank Governor Restricts Withdrawal To Avert Default in $423M Debt Repayment

Alejandro Garcia Padilla, governor of the Puerto Rica’s central bank, Government Central Bank, has announced an executive order on Saturday. The order restricts withdrawal of funds except for the emergency services in a bid to avoid default in $423 debt repayment scheduled on May 1. Analysts have already warned that failure in debt repayment will definitely attract a default status for GDB.

Read Full Article
Janet Yellen Holds News Conference Following FOMC Meeting

Former Top Advisor Proposed Regional Fed Banks To Be Public

Dartmouth College Professor Andrew Levin, former advisor to Janet Yellen made a proposal to reform the Fed. He also suggest the Fed to be reviewed by GAO annually.

Read Full Article
Mexico Sugar Output Increases 7.9 Percent Over Last Year

U.S. Consumers Prefer Sweeteners Made From Sugarcane Over Sweeteners Made From GMO Beets

Mexico will ship up to 500,000 metric tons of sugar to U.S. without any modification on the agreement being signed by the two nations on December 14. U.S. consumers prefer sweeteners from sugarcane over sweeteners manufactured from genetically modified beets.

Read Full Article
Views Of China Petroleum & Chemical Corp. (Sinopec) And PetroChina Co. Gas Stations As China To Ease Market Barriers For Oil

PetroChina Reported $162 Billion Liability As Oil Price Continues to Plunge

China's oil giant reported a 67% drop in profit. PetroChina reported its worst profit in 15 years which brought liability to $162 billion.

Read Full Article

European Stock Extended Last Week's Gain Led by Banking and Commodity Sectors

Stoxx Europe 600 Index continued last week's gain. The index sets a new course for the first back-to-back advance in two weeks.

Read Full Article
Google Begins Installing Ultrafast Broadband Network

Kansas City Says Farewell to Google Fiber's Free Internet Option

Google Fiber is now phasing out its free internet option in Kansas City. For existing customers, they may continue usign the service. For subscribers to take advantage of the free internet option, they have to pay an installation fee of $300.

Read Full Article
Picture shows: An Iceland store in Central London.

British Retailer Iceland Innovates to Take On German Competitors

In a battle with German's budget stores, Aldi and Lidl, Iceland introduces its food warehouse concept. The concept is an advancement of its old style format with cash-and-carry style.

Read Full Article

Venture Capital Investment in China Surged Amidst Global Slowdown

Investments in Chinese tech companies had a 50% surge in the first quarter of 2016. Nevertheless, many of the investments were spent in the big startups.

Read Full Article
This picture taken on November 25, 2011

Italian Banks Face a Bailout Following a Surmounting Bad Loans

Italy faces a €4.95 billion ($5.65 billion) bailout after bad loans in its banks accumulated to an alarming rate. The bank shares have lost close to half of its value in the last 12 months.

Read Full Article

Subscribe to VCpost newsletter

Sign up for our Deals of the Day newsletter.
We will not spam you!

Real Time Analytics