Not so famous ancillary equipment — network adapters and switches — has become the backbone of the business for Mellanox. Why are chip makers willing to pay billions for it? Nvidia buys Israeli manufacturer of switches and network adapters Mellanox Technologies. The deal is estimated at $ 6.9 billion, which is a record amount in the history of the American company. Nvidia is profitable and has...

Last week, Facebook shares fell 2.46% to $ 165.98 per share. The reason was the news that Facebook product development director Chris Cox and WhatsApp vice president Chris Daniels decided to leave the company. Chris Cox was one of the first developers of Facebook and has worked in the company for 13 years. Zuckerberg told about departure of the colleagues in his letter to the employees, published...

Citelum, a subsidiary of the French energy group EDF, is a company specializing in urban lighting, which currently generates more than 75% of its revenue from international operations. Its general manager, Carmen Munoz-Dormoy, explains how the company has established itself abroad and how it is involved in local urban development. 1. In your last activity report, you stated that you are...

The tourism market in 2018 continued to grow and become increasingly digital. In some regions, including Western Europe and North America, online sales have already exceeded traditional ones. According to analysts of research company Euromonitor International, last year the number of tourist trips worldwide increased by 5% to 1.4 billion. Asia was the fastest growing market. There, the number of...

The Securities Commission claims that the automaker was misleading investors. Committing a serious economic crime and repeatedly lying to investors. This is the accusation that was filed against the Volkswagen Securities and Exchange Commission (SEC) and is related to actions of the company during the scandal with a fake engine test results, the so-called Dieselgate. The watchdog is suing...

Deloitte, an international consulting company, published the fifth report on how corporations operating in the consumer sector are trying to make a positive contribution to protecting people's health. According to the study, the number of employees involved in the health initiatives of companies reached 2 million people by the end of 2018. Consumers around the world are paying more attention to...

Boeing Aviation Corporation cut off shipments of its 737 MAX airliners after their flights were banned in the United States. Previously, almost all countries of the world refused to use the aircraft, and a number of states closed their airspace for this model, sources in the company said. The bans were caused by a plane crash in Ethiopia, when 157 people died, and the earlier accident in...

Uber’s competitor Lyft has released a statement that describes particulars of its work for potential buyers of shares. What have we learned about the company? Lyft, Uber's American rival, is nearing IPO. Meanwhile, the company has revealed the IPO filing, a multi-page document explaining essence of the business and its main indicators for potential investors. Now it is possible to dive into...

Hotel chain Marriott International estimated the initial loss rate as a result of a massive data breach. In particular, the profit and loss report states that a large-scale data breach cost the company $ 28 million last year. However, insurance payments covered most of this amount, that is, about $ 25 million. Recall that on November 30, 2018, Marriott said that hackers managed to crack the...