On Monday, McDonald`s presented its reporting for the third quarter. The corporation's revenues decreased by 2% compared to the same period in 2019, to $5.4 billion. At the same time, the figures showed a recovery from the previous quarter, when revenues fell by 30 per cent due to lockdown measures being introduced in different countries.  The company's net profit grew by 10% to $1.8...

Warren Buffett’s Berkshire Hathaway bought back its shares in the third quarter for a record $9 billion. This move was due to the negative impact of the coronavirus on companies owned by the investment company. Berkshire Hathaway, an investment holding managed by billionaire Warren Buffett ($79 billion, according to Forbes Real-Time), bought back its own shares for $9 billion in the third quarter...

General Motors (GM) increased its net profit in the third quarter by 74% (to $4 billion) compared to the previous year, according to the company's financial report. This result turned out to be much better than predicted by analysts interviewed by FactSet. After the announcement of the results, the carmaker's shares rose by approximately 4.5%. The American concern managed to fully recover from...

This week, Jeff Bezos received over $ 3.1B after selling shares of his corporation. This was announced on Wednesday by CNBC TV channel referring to notices sent to the US Federal SEC. These documents show that the CEO of Amazon received $ 3.1B after selling Amazon securities in August and more than $ 4.1B - in February. Including this week, the wealthiest man on the planet has generated over $...

AMC Entertainment Holdings, which owns the world's largest movie theater chain, has released its financial statements for the third quarter of 2020. The company finished it with a net loss of $ 906.5 million, which is 16.5 times worse than last year's figure. In the third quarter, the company's cinemas began reopening after a five-month stop due to the COVID-19 pandemic. However, occupancy rates...

The Chinese authorities have suspended the IPO of Ant Group, which could be the largest in the world. On the eve, regulators summoned billionaire Jack Ma and, as described by FT, gave him a long talk. The Chinese regulators decided to suspend the initial public offering of Ant Group's financial company on the Star Market (part of the Shanghai Stock Exchange), which was to take place on 5...

American market research and media measurement company Nielsen Holdings has signed an agreement with private investment company Advent International to sell its Global Connect division for $2.7 billion. Advent is buying the asset in partnership with former TransUnion head Jim Peck. Following the sale of Global Connect, Nielsen retains its Global Media business. The Global Connect division...

Leading smartphone camera sensor manufacturers Sony and OmniVision have been licensed by the US government to supply these components to the Chinese company Huawei. This was reported by the Nikkei publication citing sources in the industry. Japanese company Sony is the only premium sensor manufacturer in the world whose production is used in the manufacture of video cameras for flagship...

The volume of sales of the South Korean company Samsung Electronics in Q3 2020 rose by 8% yoy to a record 67 trln won (USD 59 bln) for the entire quarter. The operating profit grew by 58.8% for the assessed period, reported Yonhap on Thursday. Seoul’s experts explain the jump in sales by the increased demand for smartphones and home appliances during the novel coronavirus pandemic, as well as...