Monthly Archives: March 2016

Foxconn Takes Controlling Stake in Sharp

After a years-long pursuit, Foxconn, the Chinese company that manufactures most of Apple’s iPhones, struck a deal Wednesday to take over the Japanese electronics company, Sharp. Sharp is known for producing Japan’s first television sets. The boards of Sharp and … Continue reading

Posted in Corporate News | Leave a comment

U.S. Consumer Confidence Exceeds Expectations in March

The Conference Board’s index of consumer confidence rose to 96.2 in March from an upwardly revised 94.0 in February, exceeding economists’ expectations of 93.8 in March from a preliminary reading of 92.2 in February. U.S. households have a more optimistic … Continue reading

Posted in macro-economic, Macro/Sector News | Leave a comment

Yokohama Rubber to Acquire Alliance Tire Group

Yokohama Rubber Co. Ltd. said to have reached a deal to buy Alliance Tire Group, with 90% stake by KKR, for $1.18 billion as it expands its commercial tire business. Yokohama, a Japanese agricultural-based manufacturing company, and a Netherlands-based, tired … Continue reading

Posted in Uncategorized | Leave a comment

BANK of JAPAN PLAN FAILING?

When the BOJ announced news that took the markets by storm of ‘negative rates’, the hopes were to weaken the yen. As normal macroeconomic events indicate, when rates are low, the currency weakens as domestic yielding investment is no longer … Continue reading

Posted in Uncategorized | Leave a comment

CALIFORNIA MOVES TOWARDS $15/HOUR MINIMUM WAGE

California’s minimum wage will get a boost to $15 per hour according to the deal reached by legislators and labor unions. Currently the statewide minimum wage is $10 an hour. As per the deal, the minimum wage will rise to … Continue reading

Posted in Uncategorized | Leave a comment

“Gig” Economy Spreads Globally

A growing number of workforce in the United States is shifting from steady employment to contract-based arrangements. The increasing trend is happening across various industries including healthcare, education, manufacturing, and public administration. The change in employment trend is led by … Continue reading

Posted in Uncategorized | Leave a comment

Humbling Start for New Credit Suisse Boss

Tidjane Thiam took charge of Credit Suisse last summer with confidence that he would inject new thinking and turn around lagging business segments and shore up the bank’s bottom line and return to investors. However, the beginning of his tenure … Continue reading

Posted in Uncategorized | Leave a comment