Mercedes-Benz has provided more insight into China’s investigation of the luxury car company’s pricing practices, say reports.
Recent reports revealed that Mercedes’ offices were raided by Chinese regulators in Shanghai; since, the company has decided to lower some product prices in the nation, a direct response to the probe.
In a statement …read more
An appellate court in India has supported the Competition Commission of India and it’s earlier ruling that found the National Stock Exchange guilty of abusing its market dominance, say reports.
The Competition Appellate Tribunal on Tuesday upheld the CCI’s decision, reached in June 2011. Fines were imposed on the NSE after …read more
Media conglomerate Gannett announced major business overhauls Tuesday, including a splitting of its broadcast and publishing operations as well as an acquisition of Cars.com.
According to reports, Gannett will divide its media business in efforts to accelerate its broadcast business without being tied down by the declining newspaper sector.
Meanwhile, the company …read more
Spanish telecommunications conglomerate Telefonica has reportedly offered $9 billion to acquire Vivendi’s operations in Brazil, reports say.
Under terms of the deal, reports say Telefonia would offer $5.3 billion in cash and shares in Telefonica’s Brazil unit Vivo. In exchange, Telefonica would acquire Vivendi’a Brazilian unit Global Village Telecom.
But the most …read more