Companies & CEOs
ALM Intelligence names leaders in consulting services - 12/10/2018
ALM Intelligence presented another research of the consulting services market. The company's analysts identified ten market leaders, including PwC, BCG, Deloitte, KPMG, McKinsey, EY. Consulting companies rated quality of organization of the process, the ability to assess customer needs, geographical coverage and other criteria. As follows from a report published by ALM Intelligence and dedicated...
UBS Securities, J.P.Morgan: No danger of global recession in 2019 - 12/10/2018
Investor concerns about prospects for a recession in the developed world are increasing. However, many economic models do not indicate likelihood of such a development. Economists at UBS Securities studied 120 economic downturns in 40 countries over the past 40 years to understand how economies behave before a recession, for example, what happens to consumer spending, housing prices, bank...
Qualcomm to help companies create 5G smartphones - 12/07/2018
While Apple and Qualcomm are fighting for patents, the Chinese chip maker claims that all manufacturers of smartphones on the Android platform will be able to make flagship 5G devices already in 2019. During 2019, every company that manufactures smartphones on the Android platform with a Qualcomm Snapdragon processor will be able to bring to the market a flagship device supporting 5G networks,...
Huawei loses its main partner in the UK - 12/06/2018
Chinese telecommunications equipment manufacturer Huawei Technologies Co., which is under serious pressure from the US authorities, is losing part of its business in the UK, The Wall Street Journal newspaper writes. BT Group Plc, the UK's largest telecoms operator, announced replacement of Huawei equipment, which provides call and Internet traffic, in the company's networks. BT notes that...
Unilever buys a number of GlaxoSmithKline assets in Asia for € 3.3 billion - 12/04/2018
International consumer goods manufacturer Unilever has signed an agreement with one of the world's largest pharmaceutical companies, the British GlaxoSmithKline (GSK). Unilever is going to buy GSK’s assets for the production of healthy food products and beverages in Bangladesh, India and other Asian countries, according to the press release. The company explains that the deal consists of three...
Is it worth investing in S&P 500 Utilities? - 12/03/2018
The S&P 500 Utilities sector showed the best results during the fall of the market. This is not surprising: traditionally, the utility sector becomes a “safe haven” in times of uncertainty in the financial market. It is interesting how dynamics of companies in this sector have improved over time. Since the end of September, the S&P 500 index has fallen by 8% (including dividend reinvestment),...
Bayer AG to cut 12 thousand jobs - 11/30/2018
Bayer AG plans to cut 12 thousand jobs and leave the business of producing veterinary drugs, reports Bloomberg. The German company announced a number of steps, including leaving the segments of sunscreen and foot care products. It is noted that this move will strengthen the main divisions - the pharmaceutical and agricultural business of Bayer. The cuts, including a significant number of...
Trump tariffs harm Apple’s market performance - 11/30/2018
Apple, whose financial performance is not pleasing investors, faced another problem: the trade war with China caused the price for iPhone to rise by 10%. At the same time, the American leader believes that buyers will “easily cope” with price increases, which means that nothing terrible will happen. Since October, Apple Inc. has lost one fifth of its value and ceased to be a trillion-dollar...
Qualcomm creates $ 100 million fund to invest in AI - 11/29/2018
The American chip maker Qualcomm Inc has created a $ 100 million fund to invest in startups working on artificial intelligence technologies, reports Reuters. The new organization will focus on AI technologies that will be used in unmanned vehicles, robotics and machine learning platforms. Qualcomm Ventures AI Fund has already invested in AnyVision startup, which is engaged in face and object...
Goldman Sachs-1MDB scandal takes new round - 11/28/2018
Last week, the Emirates sovereign fund IPIC and its subsidiary Aabar Investments sued one of the world's largest investment banks, Goldman Sachs. The latter is suspected in corruption and bribing. The funds believe that the bank has played a key role in the international corruption scandal around the Malaysian investment fund 1Malaysia Development Bhd (1MDB). According to them, several Goldman...
