Electric car manufacturer Tesla Motors has acquired Riviera Tool, a Michigan-based auto supplier for an undisclosed amount.   This is one of the first exclusive-auto deal made by Tesla in recent times and analysts are of the wide opinion that the futuristic company will make many more such acquisitions. Riviera makes stamping parts that are shipped to Tesla's assembly plant in Fremont,...

US-based fast food chain Wendy's plans to sell 640 restaurants in the U.S. and Canada to franchisees to generate cash and reduce expenses. The restaurants are currently operated by the management itself. Besides offloading their restaurants, Wendy’s is also mulling selling off its bakery operation which is currently based in only one location - Zanesville, Ohio.   The company earlier...

US bank Goldman Sachs is negotiating the sale of coal assets, writes The Wall Street Journal, citing informed sources. The reasons for sale are protests of workers, the law on the environment, the decline in world prices for coal, as well as the norms according to which the investment banks cannot exceed a certain quota. Due to these factors, the coal business in Colombia cannot even...

US-based aerospace giant Boeing is winding down operations at its Southern California plant which manufactures military jets.   The plant has been making C-17 Globemaster III, a military transport jet capable of carrying 82 tons for more than 20 years. Lack of international orders and from US Airforce has been the factor behind the closure. C-17 is the last big jet still assembled in...

HP has slapped a $5.1 billion lawsuit against Autonomy which it bought in a deal in 2012. The acquisition ended up as a disaster for HP which had to write down $8.8 billion. According to HP, the company had to pay more than the actual worth of Autonomy because of the exaggerations made by the executives, Mr. Hussain and Mr. Lynch. HP accused Mr. Lynch and Sushovan Hussain, Autonomy’s former chief...

The stock prices of cloud software provider Salesforce has gone up by 8 per cent from last week thanks to rumors in the market of Microsoft’s bid to buy the company.   Bloomberg earlier reported that Microsoft is in the fray to buy the successful cloud service company and the shares have only risen due to the news with a record high of $78.46. Meanwhile, both Microsoft and Salesforce have...

The prosecution believes that the bank's management intentionally impeded investigating high-profile case of the bankruptcy of the German businessman Leo Kirch’s media empire. The Munich prosecutor's office accused the Deutsche Bank of disrupting the investigation. As reported on Tuesday, May 5th by the agency dpa, the prosecutor Stephan Necknig stated this during the second meeting on the case...

Malaysia Airlines intends to sell or lease a part of its fleet, including six long-haul Airbus A380, and cancel flights to European cities. The airline, that is experiencing financial difficulties after two tragic cases with its planes last year, is carrying out the measures under the leadership of a new CEO, who took office on May 1st. The news agency Leeham News and Comment, which specializes...

Promising figures of the film industry, Daryl Katz and Joel Silver, come together to create the “Silver Pictures Entertainment”. Thestrategist.media – 01 May 2015 – Patrick Hipes reports that Joel Silver has shaken a hand of partnership with Daryl Katz who is an entrepreneur from Canada; together the duo is about to form the “Silver Pictures Entertainment”. The said company will invest in...