Regions
Ex-Hyundai CEO John Krafcik joins Google Self-Driving Car project as chief executive
Google named John Krafcik, a former Hyundai Motors CEO, as the new chief executive for its self-driving car. Krafcik will serve the company later this month. John Krafcik, a former CEO of Hyundai Motors will join Google as the chief executive to handle its self-driving car. Krafcik is currently the president of TrueCar, an eCommerce site for automobiles. He's also been a chief engineer of Ford.
Macquarie Group’s expected profits to surge 40% in H1
Buoyed with drop in Australian currency and rise in revenues from its asset management unit and risk management fees, Macquarie Group Ltd is confident of achieving 40 percent growth in profits for the first half of 2015 year.
Shanghai Gold Exchange allows gold, other securities as collateral trading
The Shanghai Gold Exchange (SGE) has allowed using physical gold and other securities as collateral on futures contracts trading. The move is aimed at increasing volumes and attracting investors from other markets.
Vista Equity Partners to buy Solera Holdings Inc. for $6.5 B
Vista Equity Partner is nearing to close a deal to buy a Texas-based company, Solera Holdings for $55.85 per share in cash. The total valuation of the deal including Solera's net debt is said to be worth $6.5 billion. The purchase price represents a 13 percent premium to the company's stock value.