UBS to revamp investment bank in bid to lift flagging earnings

Switzerland’s UBS plans another shake-up of its investment banking arm to help boost earnings and curb costs after tough market conditions precipitated a performance dip. The world’s largest investment banks have had their worst start to a year since 2006, the latest data published by industry analyst Coalition on Thursday shows. “What’s been communicated today […]

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China’s $100 Billion Chip Supremacy Bid Deemed Unrealistic

China’s $100 Billion Chip Supremacy Bid Deemed Unrealistic HIGHLIGHTS China wants to become premier supplier of semiconductors to the planet Part of a broader effort to wean itself off foreign technology China currently makes just 15 percent of the semiconductors it consumes China faces an uphill battle in its push to become the global leader […]

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Jabong turning into marketplace as Snapdeal bid looms

Sanjeev Mohanty, chief executive and managing director at Jabong. Online fashion retailer Jabong.com is shifting from an inventory-led model to a marketplace model as it aims to comply with rules on foreign investment ahead of a potential sale to e-commerce firm Snapdeal.com, said three people familiar with the development. Xerion Retail, which has been selling […]

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Verizon To Submit $3 Billion Bid For Yahoo’s Internet Business: Report

‘ Verizon Communications Inc plans to submit a second-round bid of around $3 billion for Yahoo Inc’s core internet business, the Wall Street Journal reported, citing people familiar with the matter. Private-equity firm TPG was also expected to submit a second round bid for the assets before Monday’s deadline, the newspaper reported. Reuters reported last […]

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