Business

Volkswagen Launches Ride-Sharing Company To Take On Uber, Lyft

Volkswagen Launches Ride-Sharing Company To Take On Uber, Lyft

The brand is based in Berlin with just 50 employees, though that figure will rise to 200 by the end of 2017. Harms added that VW will invest several hundred million euros in Moia over the next couple of years, and that it is hoped the brand will generate a couple of billion euros of revenues in two to four years.


Here's Why Chesapeake Energy Corporation (CHK) is Up Today?

Here's Why Chesapeake Energy Corporation (CHK) is Up Today?

On Tuesday, Reuters reported the buyer is Indigo Minerals LLC, a competitor in the natural gas development industry. The sale includes 250 wells producing about 30 million cubic feet of gas per day. Since March this year, the private-equity backed company has made two deals in the region that have made the company as one of biggest producers in the holders with almost 321,000 gross and 218,000 net acreage and net production of roughly 325 MMcf/day in the shale play.


How the Dow Jones industrial average finished Tuesday

How the Dow Jones industrial average finished Tuesday

SERVICE SURVEY: Activity at USA services companies grew at its fastest pace last month in more than a year, according to a monthly survey of purchasing managers. Australia's S&P/ASX 200 climbed 0.5 percent to 5,428.70. USA indexes are leaping to all-time highs in a broad rally Wednesday afternoon. Markets have been buoyed ever since Donald Trump won the presidential elections.


Tata Group exposed to perilous regulatory violations: Cyrus Mistry

Tata Group exposed to perilous regulatory violations: Cyrus Mistry

Mistry who converted the Group into his "personal fiefdom", with his unilateral actions destroying precious institutional memory of the House of Tata". Sources said it was for regulators to decide independently on complaints but as far as the government was concerned it was clear there was no question of any intervention as it viewed the feud as an "internal matter".


GoDaddy to buy Host Europe Group for $1.82 billion

GoDaddy to buy Host Europe Group for $1.82 billion

In case you are unaware of it, Host Europe Group is one of Europe's largest hosting company and web service provider. The Arizona-based vendor of website services on Tuesday said it would pay €605 million (about $641 million) to HEG's owner-private-equity firm Cinven-and assume net debt of €1.08 billion.



McConnell: Repealing Obamacare 'first item up'

Trump rode to victory on promises of a full repeal of the Affordable Care Act . According to a new poll , only about 1 in 4 people in the United States want Trump to entirely repeal the health care law that extended coverage to millions.