Monday 21st August 2017,
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Business

Britain contracts for Hawk trainer aircraft support

Britain contracts for Hawk trainer aircraft support

LONDON, March 29 — Britain’s Ministry of Defense has committed more than $527 million for four contracts for continued in-service support of Hawk training aircraft. The fleet of Hawk TMk1 and TMk2 aircraft made by BAE Systems are used by Royal Air Force and Royal Navy for military flying training prior to conversion onto frontline [...]

March 29, 2016 Saheli Business Comments Off on Britain contracts for Hawk trainer aircraft support

CACI International wins $180 million geospatial intel contract

CACI International wins $180 million geospatial intel contract

ARLINGTON, Va., March 29  —Geospatial analytic support services are to be provided to the U.S. Special Operations Command by CACI International. The contract issued to the company has a one-year base performance period with four one-year options. The prime contract carries a total value of $180 million. “CACI has a long history of providing intelligence [...]

March 29, 2016 Saheli Business Comments Off on CACI International wins $180 million geospatial intel contract

Fourth-quarter GDP revised up; corporate profits fall

Fourth-quarter GDP revised up; corporate profits fall

U.S. economic growth slowed in the fourth quarter, but not as sharply as previously estimated, with fairly strong consumer spending offsetting the drag from efforts by businesses to reduce an inventory overhang. Gross domestic product increased at a 1.4 percent annual rate instead of the previously reported 1.0 percent pace, the Commerce Department said on [...]

March 27, 2016 Saheli Business Comments Off on Fourth-quarter GDP revised up; corporate profits fall

James Patterson Has a Big Plan for Small Books

James Patterson Has a Big Plan for Small Books

People already read James Patterson’s books — and in staggering numbers. Last year, he and his team of writers had 36 books land on the New York Times best-seller list. To date, he has published 156 books that have sold more than 325 million copies worldwide. But Mr. Patterson is after an even bigger audience. [...]

March 21, 2016 Saheli Business Comments Off on James Patterson Has a Big Plan for Small Books

Fed approves Goldman acquisition of GE Capital’s U.S. online deposits

Fed approves Goldman acquisition of GE Capital’s U.S. online deposits

Goldman Sachs Group Inc (GS.N) received permission on Monday to complete its $17 billion acquisition of GE Capital Bank’s U.S. online deposits. The deal, which was approved by the Federal Reserve, had been pending since August 2015. Goldman would control around $95 billion in deposits through its GS Bank unit following the acquisition, according to [...]

March 21, 2016 Saheli Business Comments Off on Fed approves Goldman acquisition of GE Capital’s U.S. online deposits

Exclusive: DBS seen as frontrunner for Barclays’ HK, Singapore wealth units – sources

Exclusive: DBS seen as frontrunner for Barclays’ HK, Singapore wealth units – sources

Singapore’s DBS Group Holdings (DBSM.SI) is seen leading the race to buy British bank Barclays’ (BARC.L) Hong Kong and Singapore private wealth units, valued at as much as $300 million, sources with knowledge of the situation said on Monday. The other bidder left in the race is rival Singaporean lender Oversea-Chinese Banking Corp (OCBC.SI), the [...]

March 21, 2016 Saheli Business Comments Off on Exclusive: DBS seen as frontrunner for Barclays’ HK, Singapore wealth units – sources

FanDuel and DraftKings shut down games in New York

FanDuel and DraftKings shut down games in New York

Top daily fantasy sports companies FanDuel and DraftKings agreed to stop taking money in New York on Monday, amid a months-long fight with the state’s attorney general over whether the games are illegal gambling. New York Attorney General Eric Schneiderman said the companies had agreed to immediately stop operating paid contests in the state and [...]

March 21, 2016 Saheli Business Comments Off on FanDuel and DraftKings shut down games in New York

IHS to buy data provider Markit, combined company to base in UK

IHS to buy data provider Markit, combined company to base in UK

U.S.-based IHS Inc (IHS.N) agreed to buy Markit Ltd (MRKT.O) to create a $13 billion London-based data and business research provider, in the latest example of a U.S. company moving its domicile overseas where corporate tax rates are lower. The companies said IHS shareholders will own about 57 percent of the combined company following the [...]

March 21, 2016 Saheli Business Comments Off on IHS to buy data provider Markit, combined company to base in UK

Marriott wins back Sheraton-owner Starwood with new offer

Marriott wins back Sheraton-owner Starwood with new offer

Starwood Hotels and Resorts Worldwide Inc (HOT.N), owner of the Sheraton and Westin brands, accepted a higher $13.6 billion acquisition offer from peer Marriott International Inc (MAR.O), spurning a bid from China’s Anbang Insurance Group. The move dramatically raises the stakes in the bidding war since the deal with Marriott prohibits Starwood from communicating with [...]

March 21, 2016 Saheli Business Comments Off on Marriott wins back Sheraton-owner Starwood with new offer

Drugmaker Valeant CEO leaving as investor Ackman joins board

Drugmaker Valeant CEO leaving as investor Ackman joins board

Drugmaker Valeant Pharmaceuticals International Inc (VRX.TO)(VRX.N) said on Monday its chief executive officer is leaving and billionaire investor William Ackman would join the board as it tries to clean up accounting problems and save its business. The company, whose operations include prescription drugs, consumer products, and Bausch & Lomb eye care, has lost nearly 90 [...]

March 21, 2016 Saheli Business Comments Off on Drugmaker Valeant CEO leaving as investor Ackman joins board

Apple unveils smaller iPhone SE, starting at $399

Apple unveils smaller iPhone SE, starting at $399

Apple Inc (AAPL.O) on Monday unveiled a smaller, cheaper iPhone aimed at new buyers, especially in emerging markets and possibly China, the world’s biggest buyer of smartphones, as the technology company looks to reverse a decline in worldwide sales of its most important product. The new device, called the iPhone SE, has a 4-inch (10-cm) [...]

March 21, 2016 Saheli Business Comments Off on Apple unveils smaller iPhone SE, starting at $399

Jot This Down: Post-it Celebrates 35 Years of Reminding You

Jot This Down: Post-it Celebrates 35 Years of Reminding You

Note to self: Remember that Post-its turn 35 this month. Since it first hit office supply closets across America in the early Eighties, the ubiquitous sticky square has been a life saver for our notes, reminders, and everything in between. Who can forget the iconic “Sex and the City” breakup when Carrie Bradshaw was dumped [...]

March 19, 2016 Saheli Business Comments Off on Jot This Down: Post-it Celebrates 35 Years of Reminding You