Companies & CEOs
Microsoft doubles profit over year - 07/19/2019
The world's largest software maker Microsoft Corp. sharply increased net profit and revenue in the past fiscal year, and now expects growth rates of more than 10% in the current financial system. At the end of last fiscal year ended June 30, Microsoft's net profit jumped to $ 39.24 billion from $ 16.57 billion a year earlier. Revenue increased to $ 125.8 billion from $ 110.4 billion, according to...
Tesla discontinues cheapest versions of Model X and S - 07/17/2019
Tesla announced a reduction in configuration of models S and X, as well as lower price for the budget Model 3. The company believes that these changes will help optimize the range and stimulate sales. The standard configurations were removed from the five-door liftback S and X crossover lines: these models will now be available in more expensive models with more powerful batteries - Long Range...
Here's how Boeing's problems supported Airbus growth - 07/17/2019
Shipments of Boeing fell by 37% in the second quarter after two fatal accidents involving the company's best-selling aircraft. In the meantime, European Airbus has significantly advanced in the competition between the world's leading manufacturers of air vehicles. On Tuesday, Airbus representatives reported that the company delivered 389 aircraft in the first half of the year, which is 28% more...
Alibaba's shareholders approve stock split - 07/16/2019
The stock split, which is expected to take place before July 15, 2020, is proposed to be held in the ratio of 1 to 8. This means that the current number of ordinary stocks, which is 4 billion, will increase to 32 billion. The voting took place at...
AB InBev refuses nearly $10 bln deal - 07/16/2019
The world's largest beer producer Anheuser-Busch (AB) InBev announced its refusal to place shares in its Asian division of Budweiser Brewing Company APAC on the Hong Kong Stock Exchange. The company canceled the deal "for several reasons, including the situation on the market." The key factor was the price: investors found it too high, reports The Wall Street Journal (WSJ), citing several...
Huawei plans massive layoffs at its US subsidiary - 07/15/2019
Chinese telecommunications giant Huawei plans to lay off hundreds of employees in Futurewei research company, Huawei’s subsidiary structure in the United States, The Wall Street Journal reported. Total number of Futurewei’s employees is 850 people, its offices are located in the states of Texas, California and Washington. The publication refers to its own sources. It notes that the exact number...
Reckitt Benckiser gets $ 1.4 bln fine in the US for advertising opioid dependence drug - 07/12/2019
Reckitt Benckiser Corporation will pay $ 1.4 billion to settle charges of the US authorities in connection with the sale of Suboxone drug, which allegedly cured opioid dependence better than other drugs. The US Department of Justice called the fine "the largest reimbursement for opioid drugs in American history." At the same time, the officials once again noted that "the United States is...
Chinese CNPC to invest $7.3 bln in gas storage facilities - 07/11/2019
By 2030 China National Petroleum Corporation (CNPC) will invest more than ¥50 billion (about $7.26 billion) in the construction of 23 new and expansion of 10 existing gas storage facilities, the China Daily reported. Total capacity of the facilities planned for construction will exceed 15 billion cubic meters. The corporation will also build 11 regional gas storage facilities in China for...
IBM to become Dividend Aristocrat - 07/10/2019
There has been good news regarding the International Business Machines Corporation, which had previously experienced financial difficulties. Apparently, soon the company may be called a dividend aristocrat. According to Bloomberg forecasts, the company will be able to enter the list of so-called dividend aristocrats, which include companies that have been increasing their payments for 25...
Virgin Galactic is going to NYSE - 07/10/2019
Virgin Galactic of the British entrepreneur Richard Branson, engaged in tourist suborbital space flights and launching artificial satellites, intends to become public. As it became known from The Wall Street Journal sources, the specialized company for targeted mergers and acquisitions (SPAC) Social Capital Hedosophia Holdings, which is listed on the New York Stock Exchange (NYSE), intends to...
