Management
Commercial Airlines Giving Competition For Business Jets For U.S. Pilots
Business jet operators are competing with U.S. airlines in North America to attract pilots even after making offers of double digit raises says, executives and market analysts. U.S.-based aviation consultant Rolland Vincent said that airlines are receiving deliveries of new aircrafts very...
Patrick Vallance, GSK’s head of research, set to become UK’s scientific advisor
The move comes in the wake of GSK’s new Chief Executive Emma Walmsley undertaking a major overhaul of the company’s pharmaceuticals division with a focus on boosting productivity at the company. On Friday, a source familiar with the matter at hand stated, Patrick Vallance, the research and...
Activist investor White Tale set demands board chairs, independent review of Clariant’s business
Turns out White Tale’s increase of its stake in Clariant was not just to thwart its merger plans with Huntsman, it has a larger game plan. On Monday, activist investor White Tale Holdings, who blocked the $20 billion merger between Clariant and Huntsman, demanded that it be given 3 seats in the...
Airbnb’s China Chief resigns after 4 months of taking up the job
In China, Airbnb is facing heightened attrition due to the country’s challenging business environment. In a development that underscores potentially brewing trouble, the head of Airbnb Inc’s China business has resigned four months after assuming the role. The leadership change at Airbnb...
Kobe Steel adds 9 more products to the falsification product-list scandal
The scandal has ripplied through global companies who are now investigating their global supply chain to see how it impacts them. On Friday, at a news conference in Japan, Kobe Steel’s CEO Hiroya Kawasaki disclosed, the company plans on paying the cost incurred by its customers in relation to the...
Bain Capital’s long reaching strategic moves paying dividends in Japan
Bain Capital has been patiently networking and cultivating connections in Japan. While it spent 3 years to develop a relationship with ADK, long before Toshiba’s nuclear business went kaboom, Bain had started discussions with Toshiba around their semiconductor business. h3 { margin-top: 0.42cm;...
Qualcomm offers concession to ease concerns raised by the European Commission on its acquisition of NXP semiconductors
The European Commission’s concerns stem from apprehensions that the U.S. chipmaker could use incentives as a ploy to squeeze out rivals and raise prices as well as Qualcomm bringing about changes in NXP’s intellectual property licensing model. p { margin-bottom: 0.25cm; direction: ltr; color:...
Britain’s BAE System to cut 1,000 jobs this week
The move will affect its Warton plant in Lancanshire where it assembles the Eurofighter Typhoon fighting jet. p { margin-bottom: 0.25cm; direction: ltr; color: rgb(0, 0, 10); line-height: 120%; text-align: left; }p.western { font-family: "Calibri",serif; font-size: 11pt; }p.cjk { font-family:...
Uber's board of directors wants to diminish Kalanick's power
On Tuesday, the Board of Directors of Uber Technologies will vote on a number of reforms in the company and a major deal with the SoftBank Group, Bloomberg reports citing sources. This will happen despite the fact that the co-owner and former CEO of the company Travis Kalanick suddenly put forward...
Toshiba Corp sells its NAND chip business to Bain Capital led consortium for $18 billion
Although the deal brings a much needed closure to Toshiba’s chip business, the jury is still out on Western Digital’s complaint that Toshiba went ahead with the sale without the consent of its joint venture partner. Western Digital Corp has sought an injunction. p { margin-bottom: 0.25cm;...
