Markets
Ferrari to stop supplying Maserati with its engines
Maserati was depending on the inclusion of Ferrari engines to help it revitalize its products, which haven't been selling so well lately. Camilleri says that the change will allow Ferrari to move a lot of the labor that has been involved with engines to the auto side of the business. [Full Article...]
Infratil aiming to buy Vodafone NZ
The Australian Financial Review earlier reported that Infratil's investment manager Morrison and Co and Canada's Brookfield Asset Management were in "late-stage talks" to buy Vodafone NZ in a 50:50 joint venture in a deal thought to be worth A$2.5 billion. [Full Article...]
Trudeau says B.C. money laundering report is 'extremely alarming'
The report noted that over $7 billion worth of criminal money was "washed" in the province a year ago, including $5 billion in real estate sales linked to money laundering. Statistics show that in the past 10 years, there have been fewer than 50 money laundering convictions in Canada, compared to 1,168 convictions secured by the Netherlands Prosecutor's Office in 2015 alone. [Full Article...]
Harry’s Acquired for $1.37B by Edgewell, the Parent Company to Schick
This past calendar year, Gillette's parent company, Procter & Gamble, bought Walker & Co., entrepreneurs of this Bevel, a shaving brand aimed at black consumers. Edgewell Personal Care Company said Andy Katz-Mayfield and Jeff Raider, the co-founders of the Harry's brand, will serve as co-presidents of Edgewells's USA operations when the deal closes, most likely by the end of Q1 in 2020. [Full Article...]
How to get through Mother’s Day if you don’t have a mom
It is, however, not the fault of the children for failing to appreciate their mums the right way. No waiting until the last minute...you've got two days (three tops) before the guilt (about waiting until the last minute) sets in. Maybe cornhole or horseshoes is more up her alley. Contingency fund: Help her build a contingency fund to meet any unforeseen situation and this can be done by inve... [Full Article...]
Shoes the wrong size? Nike has an app for that
The feature will also be available in Nike's stores, where customers will be able to stand on specially developed Nike Fit mat while shop assistants measure their feet using the app. "Sizing as we know it is a gross simplification of a complex problem", explained the company in press release. When a customer browses a specific shoe model on the Nike app, they will see their specific size for... [Full Article...]
Chinese envoy insists trade talks with United States have not broken down
Trump is laying the groundwork to extend the 25 per cent tariff to all of China's exports to the U.S. But trade experts and business groups have said Trump routinely misstates how tariffs work. Retail sales have been falling slowly for the past decade and so has growth in fixed-asset investment. "It offers no glass slipper and no way out for years to come". [Full Article...]
Chevron bows out of fight for Anadarko Petroleum
Chevron had agreed last month to buy Anadarko for US$50bn including debt, but Occidental then lodged a hostile bid of US$57bn. It would need approval by Anadarko shareholders and US regulators. But such a move may be mostly symbolic. Analysts have expressed concerns that the purchase would leave Occidental with too much debt. Hollub's background in the technical aspects of oil production contr... [Full Article...]