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Imagination Technologies Chip Company Being Purchased by Canyon Bridge

  •  Published by Pete Nisbet on   September 23, 2017  

The Imagination Technologies chip company is being purchased by Canyon Bridge, a Chinese-back investment company. Imagination is UK company that specializes in the design of smartphone graphics chips. Back in June, its main customer, Apple, pulled the rug and stated that Imagination technologies wou [...]

Uber Car Hire License in London Rescinded: Uber Fights Decision

  •  Published by Pete Nisbet on   September 23, 2017  

The hail ride company Uber car hire license has been rescinded in London, England. Transport for London (TfL) has deemed it ‘not fit and proper’ for Uber to be given a London private hire operator license. Uber will not be provided with a new license to operate in London. [...]

Prospective Thyssenkrupp Tata Steel Merger to Be Completed in 2018

  •  Published by Pete Nisbet on   September 20, 2017  

Thyssenkrupp and Tata Steel are heading for a merger. A memorandum of understanding has been signed by the Indian and German companies. If the merger is completed, the combined firm will be the second largest steel group in Europe behind only ArclorMittal [...]

Rolling Stone Magazine Shares For Sale By Wenner Media

  •  Published by Pete Nisbet on   September 18, 2017  

Rolling Stone magazine shares held by Wenner Media have been put up for sale. The Rolling Stone magazine was first published in San Francisco in 1967. It was created by Jan Wenner, the founder, and Ralph Gleason, a well known film critic. The magazine mainly provides information on the music industr [...]

Bitcoin Cryptocurrency is Growing in Popularity with International Banking Institutions

  •  Published by Pete Nisbet on   September 18, 2017  

Bitcoin cryptocurrency and other cryptocurrencies are growing in popularity. The Bank for International Settlements (BIS) has stated that the world’s banks cannot just sit back and watch it happen! Cryptocurrencies such as Bitcoin and Ethereum, ZCash and Dash are a definite risk to the stability o [...]

The Zhongwang USA Acquisition of Aleris Corporation May be In Doubt

  •  Published by Pete Nisbet on   September 17, 2017  

The deadline for the Zhongwang USA acquisition of Aleris Corporation has been extended for two weeks. Aleris, the Cleveland Ohio aluminum company, has been in Zhongwang’s sights since August of last year. Zhongwang USA is an investment company serving clients in China and the US. [...]

Ant Financial – MoneyGram Purchase Resubmitted by Chinese Company

  •  Published by Pete Nisbet on   September 17, 2017  

The Ant Financial - MoneyGram deal is still not completed. Ant Financial, the Chinese payments company, has twice previously submitted an application to purchase MoneyGram International for $1.2 billion. This was not approved, and now the company is resubmitting this application for US review. [...]

US Retail Sales Drop In August and September – Not All Hurricane Related

  •  Published by Pete Nisbet on   September 17, 2017  

US retail sales have dropped, and while may claim this is unexpected, it should not be. Hurricane Harvey has a lot to answer for. According to the US Commerce Department, retail sales fell by 0.2% in August. This compares badly with July, when retail sales increased by 0.3%. Much, if not all, of Aug [...]

Toys R Us Bankruptcy Filing Would Exemplify the Threat of Online Stores

  •  Published by Pete Nisbet on   September 16, 2017  

A Toys R Us bankruptcy is on the cards. The company is in financial trouble. The international toy retailer is just one of the retailers that may be reaching the end of the road. Why? Because of online stores, and the switch of many people away from shopping malls to the comfort of their sofa! Inter [...]

Angry Birds Company Rovio Entertainment To Be Valued at $1 Billion When Listed

  •  Published by Pete Nisbet on   September 15, 2017  

Rovio Entertainment, the Angry Birds company, is expected to be valued at around $1 billion when it finally hits the stock market. The mobile games developer behind Angry Birds expects to be worth about $1bn when it lists on the stock market. Rovio should be listed on the main part of the Helsinki N [...]