Vishal Sikka : Was hard to continue with continuous stream of distractions

Earlier at its board meeting, the Board of Directors of Infosys Limited accepted Sikka's resignation as the Managing Director and CEO, effective immediately. The stock had dropped 5.37% to Rs 873.50 yesterday, 21 August 2017 after report suggested ... More..

by | Published more than a month ago
Ford Becomes Latest Carmaker to Launch UK Scrappage Scheme
by | Tuesday, August 22, 2017

Ford Becomes Latest Carmaker to Launch UK Scrappage Scheme

Owners can get rid of any pre-Euro 5 diesel or petrol auto of any make and model in return for cash off a brand new, Euro 6 Fiesta , Focus or Transit. "It's a good time for the industry to respond", said A...More..

South Korean automaker Hyundai to launch long-range premium electric vehicle
by | Tuesday, August 22, 2017

South Korean automaker Hyundai to launch long-range premium electric vehicle

However, Hyundai has outlined plans to add more EV's to its portfolio in the coming years. As part of this plan, Hyundai is now developing a dedicated platform for electric vehicles that it said will allow th...More..

BHP profit surges on commodity rebound
by | Tuesday, August 22, 2017

BHP profit surges on commodity rebound

The company said this morning that total dividends for the year would be 83 U.S. cents a share, more than double the 30 United States cents paid for 215-16. The result was a contrast to 2016 when BHP posted a l...More..

Total Eclipse Could Cost US Employers $694M
by | Tuesday, August 22, 2017

Total Eclipse Could Cost US Employers $694M

But in the grand scheme, that potential $ 694 million in lost productivity isn't a major hit. States and cities in the path of the eclipse, which stretches from OR to SC, could suffer productivity losses of ...More..

Wal-Mart Stores, Inc. (WMT) Earns Hold Rating from Credit Suisse Group
by | Tuesday, August 22, 2017

Wal-Mart Stores, Inc. (WMT) Earns Hold Rating from Credit Suisse Group

Wal now has $242.34B valuation. Maximum and minimum EPS estimate for the current quarter is projected at $1 and $0.93, respectively, according to 28 analysts. (NASDAQ:HA) for 7,500 shares. Ifc Holdg Fl owns 4...More..

10% of UK's top firms would be screwed in a cyber attack
by | Tuesday, August 22, 2017

10% of UK's top firms would be screwed in a cyber attack

Some 57% of respondents also reported a clear understanding of the potential impact of loss of or disruption to key information or data assets as a result of a cyber incident. In June, reports suggested that hu...More..

Dutch Bros recalls eclipse glasses
by | Monday, August 21, 2017

Dutch Bros recalls eclipse glasses

If you return the glasses to one of its Dutch Bros. locations, you will receive a free drink of your choice. Dutch Bros took back assurances that the eclipse glasses the local coffee chain handed out are safe...More..

by | Monday, August 21, 2017

Bristol-Myers Squibb Company

It has underperformed by 8.54% the S&P500. In recent trading day Bristol-Myers Squibb Company ( BMY ) stock showed the move of -0.62% with the closing price of $56.42. 89 funds opened positions while 156 rais...More..

Infosys offers to buy back US$2bil shares as CEO quits
by | Monday, August 21, 2017

Infosys offers to buy back US$2bil shares as CEO quits

Life Insurance Corporation of India is confident that the boardroom battle at Infosys would lead to better days as it moves on with a new chief executive who could carry both the promoters and staff along with ...More..

Sempra to Gain Control of Largest Texas Utility in $9.45 Billion Deal
by | Monday, August 21, 2017

Sempra to Gain Control of Largest Texas Utility in $9.45 Billion Deal

A final agreement has yet to be reached and talks may still fall apart, the report said citing people familiar with the matter. Among Sempra's holdings is San Diego Gas & Electric and Southern California Gas. S...More..

Russia's Rosneft closes strategic $12.9 billion deal in India
by | Monday, August 21, 2017

Russia's Rosneft closes strategic $12.9 billion deal in India

This will bring down the group's debt by over 60 percent. The acquisition has another superlative attached to it - by helping Essar Group cut $11 billion in debt, it will be the largest ever deleveraging exer...More..

China's Guangzhou Automobile Group deny Fiat Chrysler takeover rumors
by | Monday, August 21, 2017

China's Guangzhou Automobile Group deny Fiat Chrysler takeover rumors

Great Wall's spokeswoman did not confirm whether the companies had made any contact yet but she confirmed the intention to make an offer. Sergio Marchionne , chief executive, is seeking a partner or buyer fo...More..

Stenson claims Wyndham Championship for first win of season
by | Monday, August 21, 2017

Stenson claims Wyndham Championship for first win of season

Varner's finish vaulted him from 138th into the top 125, qualifying him for the FedEx Cup playoffs. So the Wyndham was a backup plan. "I'm in position to have a good day (Sunday)", Simpson said. "I just hit a...More..

Solution sought for supply ship unit as Maersk sells oil business
by | Monday, August 21, 2017

Solution sought for supply ship unit as Maersk sells oil business

Hemmingsen, Vice CEO of A.P. Moller - Maersk and CEO of the Energy division. Altogether, the Maersk Group has received shares for Dollars 4.95 billion in the French oil company, corresponding to a 3.76 percen...More..

Volkswagen Will Revive Its Iconic Microbus, and It's Going to Be Electric
by | Monday, August 21, 2017

Volkswagen Will Revive Its Iconic Microbus, and It's Going to Be Electric

According to Volkswagen , following the debut of the electric Microbus in both Detroit and Geneva, customers flooded them with emails and letters begging them to build the vehicle. Woebcken, the CEO of Volk...More..

Elon Musk has warned the United Nations about killer robots
by | Monday, August 21, 2017

Elon Musk has warned the United Nations about killer robots

The UN's Review Conference of the Convention on Conventional Weapons had unanimously agreed to start formal discussions on the prohibition of autonomous weapons , and 19 of the member countries have already su...More..

'Drones' force IGI to halt flight ops for two hours
by | Monday, August 21, 2017

'Drones' force IGI to halt flight ops for two hours

Security officials at the airport said that an emergency call was received by the Air Traffic Control that a suspicious object was noticed over the runway near the cargo area of Terminal-3. "Flight operations r...More..

Intel, Merck, Under Armour CEOs resign from United States president Donald Trump's panel
by | Monday, August 21, 2017

Intel, Merck, Under Armour CEOs resign from United States president Donald Trump's panel

Paluszek said the CEOs made overlapping personal and business calculations, weighing their own values, culture and experience against their company's history, brand and stakeholders, prompting Frazier, the sole...More..

Trump disbands 2 business councils amid criticism over his Charlottesville comments
by | Sunday, August 20, 2017

Trump disbands 2 business councils amid criticism over his Charlottesville comments

A growing number of corporate leaders had announced they were resigning from the President's Strategic and Policy Forum as well as a separate manufacturing council in recent days after Trump was slow to conde...More..

White House Rumors: Why a Gary Cohn Resignation Is Worrying Everyone
by | Sunday, August 20, 2017

White House Rumors: Why a Gary Cohn Resignation Is Worrying Everyone

Commenting on the market backdrop, Craig Erlam, senior market analyst at Oanda , said: "We're seeing risk aversion in the markets again on Friday, with the possibility of a self-inflicted crisis within Donald...More..

Korea's Moon: There will be no war on Korean peninsula
by | Sunday, August 20, 2017

Korea's Moon: There will be no war on Korean peninsula

USA and South Korean military forces are gearing up to start joint large-scale air, land and sea maneuvers Monday in South Korea. The North said the Guam missile strike could be reinstated in the event of...More..

Pennsylvania State Trooper Critical Condition After Shooting, Suspect Dead
by | Sunday, August 20, 2017

Pennsylvania State Trooper Critical Condition After Shooting, Suspect Dead

The incident happened at around 9 p.m. outside of the Shop 'n Save on West Church Street. The other trooper was shot in the abdomen and is listed in serious condition at an undisclosed hospital. A witness told ...More..

Magellan Midstream Partners LP (MMP) Stock Rating Lowered by BidaskClub
by | Saturday, August 19, 2017

Magellan Midstream Partners LP (MMP) Stock Rating Lowered by BidaskClub

It has outperformed by 0.50% the S&P500. SHLX's SI was 1.68M shares in August as released by FINRA. First Trust Advisors LP increased its stake in shares of Antero Midstream Partners by 89.8% in the first quart...More..

South Korea hints it'll consider envoy to North
by | Saturday, August 19, 2017

South Korea hints it'll consider envoy to North

The whole show has started when PyongYang successfully tested a transcontinental ballistic missiles capable of reaching the U.S. territories, namely Alaska. "I also addressed the fact that we were developing ...More..

Deere's Earnings Beat Not Enough To Boost Stock
by | Saturday, August 19, 2017

Deere's Earnings Beat Not Enough To Boost Stock

Whittier Trust Co. now owns 23,280 shares of the industrial products company's stock worth $2,877,000 after buying an additional 105 shares during the last quarter. This dividend represents a yeild of $1.90 w...More..

IndiGo cancels 84 flights over engine issues
by | Saturday, August 19, 2017

IndiGo cancels 84 flights over engine issues

Sources told the Express that IndiGo, which had grounded nine A320 NEO planes due to the engine issues in June quarter, has grounded four other planes - CEO aircraft - for the time being and the grounding of th...More..

Icahn steps down as regulatory adviser to Trump
by | Saturday, August 19, 2017

Icahn steps down as regulatory adviser to Trump

Icahn served as an advisor to Trump on regulatory reform issues, joining the president in an unpaid capacity after the presidential election in November. An outspoken and cantankerous investor, Mr. Icahn has at...More..

Fourth CEO resigns from Trump's American Manufacturing Council
by | Saturday, August 19, 2017

Fourth CEO resigns from Trump's American Manufacturing Council

Last Sunday Frazier, the son of a janitor and grandson of a man born into slavery, watched news coverage of white nationalists clashing with counterprotesters in Charlottesville , and of Trump's ambiguous re...More..

by | Saturday, August 19, 2017

Intel CEO Brian Krzanich quits Trump's manufacturing council

Krzanich is the third CEO to leave Trump's committee today. Soon after, the president announced on Twitter that he would end his executive councils, "rather than putting pressure" on executives. But Roy Gut...More..