Mercedes-Benz parent Daimler on Thursday announced a major restructuring designed to better tackle the rapid pace of change as the car industry grapples with new competitors in the shift to shared, electric and self-driving vehicles. The Stuttgart-based group said it would split up Mercedes-Benz cars from Daimler Trucks and its financial arm now to be…
Csat Investment Advisory Lp decreased its stake in International Business Machs Com (IBM) by 16.43% based on its latest 2018Q3 regulatory filing with the SEC. Csat Investment Advisory Lp sold 7,856 shares as the companys stock declined 16.83% with the market. The hedge fund held 39,949 shares of the computer manufacturing company at the end…
The number of Australians “going under” financially accelerated last year, with personal bankruptcies up 6.1 per cent over the year. Key points: Bankruptcies rose for the 3rd consecutive year in 2017 Queensland had the highest number of bankruptcies last year Men are more likely than women to declare bankruptcy The increase follows an almost…
PNB, which filed the insolvency petition, said NRC had failed to honour a one-time settlement deal earlier too. Photo: Pradeep Gaur/Mint Mumbai: The Mumbai bench of the National Company Law Tribunal (NCLT) on Thursday reserved its order on the insolvency petition filed by the Punjab National Bank (PNB) against NRC Ltd, formerly known as National…
Hong Kongs legislature decided on Thursday to wrap up its inquiry into the misconduct allegations against former leader Leung Chun-ying, after admitting it had not been able to get any first-hand information over the past 25 months. The decision came after the Independent Commission Against Corruption (ICAC) announced in December that its four-year investigation into…
PixabayPixabay How does crowdfunding work for startup entrepreneurs? Crowdfunding exploded onto the internet a few years ago. Since then early platforms like Kickstarter and Indiegogo have seen hundreds of new crowdfunding platforms emerge onto the scene, fueled and transformed by the new JOBS Act. How can this help entrepreneurs launch and grow their startups? How…
Most credit cards give up to 56 days interest-free credit and as long as you pay off your balance in full and on time each month, youll be charged no interest Change cards to help relieve your festive spending hangover Independent.ie Credit card spending has been falling here for some time thanks to a big…
Tianjin Quanjians fate has brought the issue of club ownership in Chinese football back to the fore. Following the arrest of pharmaceutical giant Quanjian Group chairman Shu Yuhui and 17 other members of the company the fall of their football club has been swift. The signs at the stadium have been dragged down and the…
When you take the time to prepare a meal, you probably expect your food to nourish you instead of making you sick. But foodborne illness due to harmful bacteria, viruses, parasites, toxins, and chemicals is astoundingly common. The Centers for Disease Control and Prevention (CDC) estimates that about 48 million people experience a foodborne illness…
Jaypee Infratech, which is undergoing insolvency proceedings, will have to display the identity of all the 24,000 home buyers of its Noida housing project on its website, irrespective of the posts they hold, so that the interest of the genuine buyers is protected. The National Company Law Tribunal (NCLT), Allahabad, in its order of December…